DURECT Corporation is developing and commercializing pharmaceutical systems to deliver the right drug to the right place in the right amount at the right time. The Company's pharmaceutical systems combine engineering and delivery technology from the drug delivery and medical device industries with its proprietary pharmaceutical and biotechnology drug formulations. By integrating these technologies, the Company is able to control the rate and duration of drug administration as well as target the delivery of the drug to its intended site of action, allowing its pharmaceutical systems to meet the special challenges associated with treating chronic diseases or conditions.