FDA declines to approve Corcept's rare disorder drug
4 Articles
4 Articles
Why Corcept Therapeutics stock crashed today and what comes next?
Corcept Therapeutics (NASDAQ: CORT) crashed about 50% on Dec. 31 after the FDA requested additional data to support the efficacy of relacorilant, its candidate treatment for Cushing’s syndrome. The setback cast doubt on CORT’s pipeline strength and triggered a sharp re-evaluation by analysts. It underscores the market’s sensitivity to regulatory developments in small-cap drug makers. Following today’s plunge, Corcept stock is down 70% versus its…
FDA rejects relacorilant for Cushing's-related high blood pressure
The U.S. Food and Drug Administration (FDA) has declined to approve relacorilant, an experimental oral therapy for patients with Cushing’s syndrome experiencing high blood pressure. In a complete response letter, the agency stated that current data do not yet conclusively show that the treatment’s benefits outweigh its risks. The decision comes as a setback for developer Corcept Therapeutics, which had sought approval for the drug to treat endog…
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