Orrick Advises DURECT on $15 Million Registered Direct Offering

June.24.2019

Orrick represented DURECT Corporation (Nasdaq: DRRX), a biopharmaceutical company actively developing therapeutics based on its epigenetic regulator program and proprietary drug delivery platforms, in its registered direct offering of 29,000,000 shares of common stock for net proceeds of approximately $15 million. The offering closed on June 24, 2019.

The Orrick team consisted of Technology Companies Group partner Stephen Thau, capital markets partner Andrew Thorpe and associates Kenneth Marx, Vinella Sido and Ahalya Hildreth, among others.

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Stephen Thau Partner, Technology Companies Group, Life Sciences

New York; Silicon Valley

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D:+1 212 506 5076
E: [email protected]

Practice:

Technology & Innovation Sector
Technology Companies Group
Life Sciences
Mergers & Acquisitions
Corporate Governance
Capital Markets

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Stephen Thau Partner

New York; Silicon Valley

Stephen’s practice focuses on the representation of life science, medical device, health IT, and other technology companies in transactional matters, including public and private financings, licensing, collaborations and strategic alliances, and mergers and acquisitions. He also represents venture capital firms in public and private financing transactions.

Stephen is recognized as a Leading Life Sciences Lawyer by LMG Life Sciences in their 2021/2022 rankings and short-listed as Venture Capital Attorney of the Year. He has served as a member of the Board of Tech Council of Maryland, the leading technology and life science association in that state, and of BayBio, Northern California’s leading life sciences association. Stephen is a frequent speaker on venture capital financings and served on the faculty at the 2005 and 2007 Emerging Entrepreneurs workshops at Stanford University.

Prior to joining Orrick, Stephen was a partner at Morrison & Foerster, Venture Law Group and Heller Ehrman. He began his legal practice as a litigator, focusing on securities and intellectual property. ;He also served as a law clerk to the Hon. Vaughn R. Walker in the United States District Court in the Northern District of California. Stephen graduated Order of the Coif from Stanford Law School, where he was managing editor of the Stanford Law Review, and graduated magna cum laude from Harvard College in Biology.