Durect, Charles River enter collaboration agreement for ALZET product line

Durect (DRRX) announced that it has entered into a co-marketing and collaboration agreement with Charles River Laboratories (CRL) for the ALZET Osmotic Pumps Portfolio and Associated Product Line in the U.S. and Canada. Charles River Research Models & Services sales and marketing teams will collaborate with DURECT to jointly market and commercialize the ALZET product line to existing and new customers in the pharmaceutical industry and academic laboratories over a multi-year period. Charles River RMS will provide dedicated marketing resources and collaborate with DURECT to develop and roll out a broad range of sales and marketing initiatives for ALZET. DURECT will remain responsible for manufacturing, marketing support, order fulfillment and customer billing.