Welcome to our dedicated page for Corcept Therapeutics news (Ticker: CORT), a resource for investors and traders seeking the latest updates and insights on Corcept Therapeutics stock.
Corcept Therapeutics Inc. (NASDAQ: CORT) generates frequent news as a commercial-stage pharmaceutical company focused on cortisol modulation in endocrinology, oncology, metabolic disease and neurology. Company updates often highlight progress with Korlym, which Corcept describes as the first FDA-approved medication for patients with endogenous hypercortisolism, and with a pipeline of selective glucocorticoid receptor antagonists and other cortisol modulators.
News about Corcept commonly covers clinical trial milestones in hypercortisolism, solid tumors, ALS and liver disease. Examples include data from the CATALYST program in patients with difficult-to-control type 2 diabetes and hypercortisolism, the pivotal ROSELLA Phase 3 trial of relacorilant plus nab-paclitaxel in platinum-resistant ovarian cancer, the BELLA Phase 2 trial in gynecologic cancers, the MONARCH Phase 2b trial in MASH, and the DAZALS trial of dazucorilant in ALS. Company communications also describe upcoming or ongoing studies of nenocorilant in combination with immunotherapy in solid tumors.
Investors following CORT news will see regular regulatory and corporate announcements, such as New Drug Application (NDA) submissions and FDA acceptance for review of relacorilant in hypercortisolism and platinum-resistant ovarian cancer, a Marketing Authorization Application (MAA) to the European Medicines Agency, and an FDA Complete Response Letter requesting additional evidence of effectiveness for relacorilant in hypertension secondary to hypercortisolism. Quarterly earnings releases and corporate updates, reported via press releases and Form 8-K filings, provide information on product revenue from Korlym, operating expenses and the company’s cash and investment position.
This CORT news page on Stock Titan aggregates these public disclosures so readers can monitor Corcept’s clinical data presentations, regulatory milestones, financial results and other material events in one place. Users interested in endocrine disorders, ovarian cancer, MASH, ALS or cortisol biology can review the evolving news flow to understand how Corcept’s programs are progressing over time.
Corcept Therapeutics (CORT) announced promising Phase 2 trial results for relacorilant combined with nab-paclitaxel in patients with recurrent, platinum-resistant ovarian cancer. The treatment showed a 33% overall reduction in risk of death compared to nab-paclitaxel alone (hazard ratio: 0.67; p-value: 0.066). When excluding patients with severe prior therapies, the benefit increased to 48% (hazard ratio: 0.52; p-value: 0.010). The company plans to initiate a Phase 3 trial in Q2 2022 and aims to establish relacorilant as a new standard of care for this difficult-to-treat population.
Corcept Therapeutics (NASDAQ: CORT) has scheduled an investor event on March 31, 2022, to discuss its ovarian cancer program, including results from a Phase 2 study of relacorilant combined with nab-paclitaxel for patients with advanced, platinum-resistant ovarian cancer.
The study involved 178 patients and showed improved progression-free survival, particularly in the intermittent dosing group, which had a median PFS of 5.6 months versus 3.8 months for nab-paclitaxel alone. The company plans to initiate a Phase 3 trial in Q2 2022.
Corcept Therapeutics reported strong financial results for Q4 2021, with revenue of $98.8 million, up from $85.7 million in Q4 2020. Total revenue for 2021 reached $366.0 million, compared to $353.9 million in 2020. The company announced a positive revenue guidance for 2022 of $400 - $430 million. Q4 GAAP net income was $32.1 million, an increase from $26.0 million year-over-year. Corcept plans to launch a Phase 2 trial for ALS and has ongoing trials for ovarian cancer and NASH, projecting significant data releases throughout 2022.
Corcept Therapeutics (CORT) will report its fourth quarter and full-year 2021 financial results on February 15, 2022, followed by a corporate update. A conference call will be held that day at 5:00 p.m. ET.
The company has developed proprietary compounds to modulate cortisol effects and is conducting clinical trials for several serious disorders, including Cushing’s syndrome, ovarian cancer, and more. Korlym®, its FDA-approved medication for Cushing’s syndrome, highlights its market presence.
Corcept Therapeutics (NASDAQ: CORT) announced the final results of its tender offer to purchase up to 10,000,000 shares of common stock, which expired on December 15, 2021. A total of 31,661,302 shares were tendered. Corcept has accepted for purchase 10,000,000 shares at $20.75 each, totaling $207.5 million. This acquisition represents approximately 9% of the total shares outstanding. Due to high participation, about 35% of the properly tendered shares were accepted on a pro-rata basis. Unaccepted shares will be returned to stockholders promptly.
Corcept Therapeutics (NASDAQ: CORT) announced preliminary results for its tender offer to buy up to 10 million shares of common stock, which ended on December 15, 2021. A total of 31,743,651 shares were validly tendered at or below the maximum purchase price of $23.75. Corcept plans to purchase approximately 10 million shares at $20.75 each, totaling around $207.5 million. Due to oversubscription, only about 35% of the tendered shares will be accepted. Following the buyback, approximately 105,933,592 shares will remain outstanding.
Corcept Therapeutics (NASDAQ: CORT) announced a Tender Offer to purchase up to 10,000,000 shares of its common stock, with a price ranging between $20.75 and $23.75 per share, closing on December 15, 2021. The Board of Directors deemed it advisable to proceed with the offer, despite stock price fluctuations, and opted not to terminate the offer. The Tender Offer's terms remain unchanged except for the waived price condition. No recommendations were made regarding shareholder participation.
Corcept Therapeutics (NASDAQ: CORT) has announced an extension of its tender offer for shares of common stock, moving the expiration from December 7, 2021, to December 15, 2021. A total of 8,282,336 shares have been tendered so far, with the offer contingent on at least three million shares being accepted. Stockholders who have already tendered their shares do not need to take further action. The terms of the tender offer remain unchanged, and the company has not made recommendations regarding participation.
Corcept Therapeutics (NASDAQ: CORT) will present at two upcoming investor conferences. The Jefferies London Healthcare Conference is on November 16, 2021, at 5:00 pm GMT, featuring a fireside chat format. The Evercore ISI 4th Annual HealthCONx Conference is scheduled for November 30, 2021, at 11:20 am EST, also in a fireside chat format.
Corcept specializes in developing drugs for serious metabolic, oncologic, and neuropsychiatric disorders by modulating cortisol. Its product Korlym® is FDA-approved for Cushing’s syndrome, supported by a robust portfolio of proprietary cortisol modulators.
Corcept Therapeutics (CORT) announced a modified Dutch Auction tender offer to purchase up to 10 million shares at prices between $20.75 and $23.75 per share. This offer is aimed at maximizing stockholder value and allows investors to sell their shares back to the company. The tender offer will expire on December 7, 2021, unless extended. At the close of trading on November 5, 2021, CORT shares were priced at $20.68. The offer is contingent upon at least three million shares being submitted. Specific terms are detailed in the offer documentation.