AGREEMENT AND PLAN OF MERGER dated as of August 15, 2003 among DURECT CORPORATION BIRMINGHAM POLYMERS, INC. ABSORBABLE POLYMER TECHNOLOGIES, INC. AND THE PRINCIPAL SHAREHOLDERS OF ABSORBABLE POLYMER TECHNOLOGIES, INC.Merger Agreement • August 29th, 2003 • Durect Corp • Pharmaceutical preparations • Alabama
THIS AGREEMENT AND PLAN OF MERGER, dated as of August 15, 2003 (this “Agreement”), is entered into by and among Durect Corporation, a Delaware corporation (“Acquiror”), Birmingham Polymers, Inc., an Alabama corporation and a wholly owned Subsidiary of Acquiror (“Sub”), Absorbable Polymer Technologies, Inc., an Alabama corporation (“Target”), and certain shareholders of Target (“Principal Shareholders”).
