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CUPERTINO, Calif., July 5, 2022 /PRNewswire/ — DURECT Corporation (Nasdaq: DRRX), a biopharmaceutical corporation targeted on epigenetic regulation to create solutions for acute organ damage and continual liver illnesses, currently declared the appointment of Timothy M. Papp as its Main Economical Officer. In this new purpose, Mr. Papp will immediate and oversee all fiscal and funds markets things to do such as accounting, economic reporting, economical planning and examination, fiscal system, and trader relations.

“We are psyched to welcome Tim to our government leadership crew, as he delivers his deep being familiar with of corporate finance and company worth motorists to DURECT,” said James E. Brown, D.V.M., President and Main Government Officer of DURECT.

Mr. Papp delivers above 25 many years of corporate finance experience to DURECT, such as 15 decades in the Biopharma sector. He joins DURECT from RBC Capital Marketplaces, in which he was a Handling Director of Health care Investment Banking. Earlier, he served as a Managing Director of Health care Expenditure Banking at Stifel, and he also served in Investment Banking and Mergers & Acquisitions roles at Cowen, Keybanc Cash Marketplaces, and Rodman & Renshaw. Mr. Papp graduated cum laude from Duke University with a B.S. in Economics and gained an MBA from The Wharton College of Organization with a focus in Finance.

Mr. Papp commented, “I imagine that larsucosterol is an underappreciated asset that has the opportunity to change the procedure of liquor-related hepatitis as properly as other indications. I am fired up to be a part of the DURECT crew at this significant juncture of its company improvement.”

About DURECT Corporation
DURECT is a biopharmaceutical corporation fully commited to reworking the procedure of acute organ damage and persistent liver diseases by advancing novel and likely lifesaving therapies primarily based on its endogenous epigenetic regulator plan. Larsucosterol (also identified as DUR-928), DURECT’s lead drug candidate, binds to and inhibits the exercise of DNA methyltransferases (DNMTs), epigenetic enzymes which are elevated and involved with hypermethylation uncovered in alcoholic beverages-affiliated hepatitis (AH) people. Larsucosterol is in medical growth for the probable treatment method of AH, for which Fda has granted a Rapid Monitor Designation non-alcoholic steatohepatitis (NASH) is also being explored. In addition, POSIMIR® (bupivacaine resolution) for infiltration use, a non-opioid analgesic employing the modern SABER® platform technologies, is Food and drug administration-accepted and has been completely certified to Innocoll Pharmaceuticals for progress and commercialization in the United States. For much more information and facts about DURECT, you should visit www.durect.com and abide by us on Twitter https://twitter.com/DURECTCorp.

DURECT Forward-Looking Statement
This press release has ahead-looking statements that include significant threats and uncertainties. Ahead-on the lookout statements include, without having limitation, statements about the scientific enhancement of larsucosterol (DUR-928) for probable procedure of AH, the prospective to develop larsucosterol for NASH or other indications, the expected industrial launch of POSIMIR by Innocoll and likely foreseeable future payments we may well get from Innocoll. Actual success or events could differ materially from the programs, intentions, anticipations and projections disclosed in the forward-seeking statements. Different essential things could trigger genuine success or events to differ materially, such as, but not minimal to, the risk that the AHFIRM (Liquor-affiliated Hepatitis to assess Protection and effIcacy of laRsucosterol Cure) demo can take lengthier to carry out than anticipated thanks to COVID-19 or other elements, the risk that ongoing and foreseeable future medical trials of larsucosterol do not ensure the success from before clinical or pre-scientific trials, or do not exhibit the safety or efficacy or the existence-conserving probable of larsucosterol in a statistically important fashion, the hazard that Innocoll may not commercialize POSIMIR successfully, if at all, and pitfalls relevant to our capability to get capital to fund functions and expenditures, and other hazards explained in the “Possibility Elements” section of DURECT’s Quarterly Report on Form 10-Q submitted with the Securities and Exchange Fee (SEC) on May 5, 2022, and in other filings filed from time to time with the SEC. DURECT does not think any obligation to update any ahead-wanting statements, other than as necessary by legislation. The 10-Q and other general public filings are accessible on our website www.durect.com under the “Investors” tab.

Note: POSIMIR® is a trademark of Innocoll Prescribed drugs, Ltd. in the U.S. and a trademark of DURECT Corporation outside of the U.S. SABER® is a trademark of DURECT Corporation. Other referenced trademarks belong to their respective house owners. Larsucosterol (DUR-928) is an investigational drug applicant underneath enhancement and has not been accredited for commercialization by the U.S. Foods and Drug Administration or other wellbeing authorities for any indication.

Source DURECT Company

BEIJING, Nov 1, 2021 /PRNewswire/ — Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) (“Baidu” or the “Firm”), a foremost AI company with potent Web foundation, right now introduced the appointment of Rong Luo as chief economical officer, successful straight away.

“Rong has considerable experience in economical administration and cash markets,” stated Robin Li, Baidu’s co-founder and CEO. “We are delighted to welcome Rong to our administration workforce and hope his skills and leadership capabilities to support us reach our up coming stage of progress in the AI era.”

“I am quite psyched to sign up for Baidu. I search ahead to working with the executive staff to travel the foreseeable future progress for Baidu,” explained Mr. Luo.

Rong Luo joins Baidu from TAL Education and learning Team, an NYSE detailed business, exactly where he served as the main economic officer because November 2014 and played a number of critical administration roles. Prior to that, Mr. Luo was the main monetary officer of eLong Inc. from 2013 to 2014. Before that, Mr. Luo held different fiscal management positions at Lenovo Group and Microsoft. Mr. Luo retains bachelor’s levels in equally info administration & systems and economics from Peking University, a master’s degree in management science and engineering from Tsinghua College, and a Ph.D. diploma in administration science from Peking College.

About Baidu

Founded in 2000, Baidu’s mission is to make the complex earth simpler via technology. Baidu is a major AI company with potent World wide web foundation, investing on Nasdaq beneath “BIDU” and HKEX less than “9888”. One Baidu Ads represents eight Course A ordinary shares.

Contacts
Traders Relations, Baidu, Inc.
Tel: +86-10-5992-8888
Electronic mail: [email protected]

Secure Harbor Assertion

This announcement contains forward-wanting statements. These statements are manufactured less than the “safe and sound harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These ahead-on the lookout statements can be recognized by terminology this kind of as “will,” “expects,” “anticipates,” “foreseeable future,” “intends,” “options,” “believes,” “estimates,” “assured” and equivalent statements. Amongst other issues, the quotations from management in this announcement, have forward-on the lookout statements. Baidu may well also make written or oral forward-looking statements in its periodic reviews to the U.S. Securities and Exchange Fee, in bulletins produced on the website of The Stock Trade of Hong Kong Limited (the “Hong Kong Stock Trade”), in its annual report to shareholders, in push releases and other penned resources and in oral statements created by its officers, administrators or personnel to 3rd functions. Statements that are not historical specifics, like but not constrained to statements about Baidu’s beliefs and anticipations, are ahead-searching statements. Forward-wanting statements entail inherent challenges and uncertainties. A number of elements could lead to genuine success to differ materially from people contained in any forward-wanting statement, such as but not confined to the subsequent: Baidu’s development methods its potential small business progress, together with enhancement of new merchandise and products and services its skill to bring in and retain users and clients level of competition in the Chinese Online look for and newsfeed sector competition for on-line advertising clients alterations in the Firm’s revenues and specified expense or expense products as a percentage of its revenues the consequence of ongoing, or any long term, litigation or arbitration, which includes people relating to mental house legal rights the predicted expansion of the Chinese-language Net search and newsfeed current market and the quantity of Online and broadband end users in China Chinese governmental guidelines relating to the World wide web and Net research companies, and typical financial circumstances in China and in other places. Even more information about these and other pitfalls is bundled in the Firm’s yearly report on Form 20-F and other documents submitted with the Securities and Trade Commission, and bulletins on the web page of the Hong Kong Inventory Exchange. Baidu does not undertake any obligation to update any forward-looking assertion, except as expected beneath applicable legislation. All information and facts supplied in this press launch and in the attachments is as of the date of the push launch, and Baidu undertakes no duty to update this sort of information, except as necessary less than applicable regulation.

Source Baidu, Inc.

Tag: Appoints

DURECT Corporation Appoints Timothy M. Papp as Chief Financial Officer

Baidu Appoints Rong Luo as Chief Financial Officer

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