October 01, 2010 at 05:55 PM EDT

EW has confirmed that James Franco has purchased the rights to Stephen Elliott’s The Adderall Diaries: A Memoir of Moods, Masochism, and Murder. The book is a drugged-out chronicle of a murder trial that also doubles as the memoir of writer suffering from two years of writer’s block. (Deadline first reported the story.) Franco plans to write the adaptation, direct, and act in the film through his own production company, Rabbit Bandini.

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