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[8-K] CORCEPT THERAPEUTICS INC Reports Material Event

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8-K

Corcept Therapeutics (CORT) terminated its distribution services agreement with Optime Care, delivering notice on October 10, 2025, with termination effective January 8, 2026. Optime had served as a specialty pharmacy distributor for Korlym and Corcept’s authorized generic mifepristone, handling pharmacy operations, patient access, reimbursement support, claims, A/R, and reporting.

The agreement, originally dated August 4, 2017 and amended and restated April 1, 2024, had been extended through March 31, 2027 with automatic three-year renewals. Corcept previously informed Optime that, under its contractual rights, Optime’s exclusivity ended on September 15, 2025. The contract permitted termination for convenience by Corcept with 90-days advance notice, as well as customary remedies for material breach.

Corcept Therapeutics (CORT) ha terminato il proprio accordo sui servizi di distribuzione con Optime Care, comunicando la notizia il 10 ottobre 2025, con risoluzione efficace dall'8 gennaio 2026. Optime aveva agito come distributore di farmacie specialistiche per Korlym e per l’analogo generico autorizzato di Corcept, il mifepristone, gestendo le operazioni di farmacia, l’ass accesso dei pazienti, l’assistenza al rimborso, i reclami, i crediti e i report.

L’accordo, originariamente stipulato il 4 agosto 2017 e modificato e rinnovato il 1 aprile 2024, era stato esteso fino al 31 marzo 2027 con rinnovi automatici di tre anni. In precedenza Corcept aveva informato Optime che, secondo i suoi diritti contrattuali, l’esclusiva di Optime era terminata il 15 settembre 2025. Il contratto prevedeva la risoluzione per convenienza da parte di Corcept con preavviso di 90 giorni, nonché rimedi abituali in caso di inadempimento sostanziale.

Corcept Therapeutics (CORT) terminó su acuerdo de servicios de distribución con Optime Care, notificando el 10 de octubre de 2025, con la terminación efectiva el 8 de enero de 2026. Optime había actuado como distribuidor de farmacia especializada para Korlym y el mifepristona genérico autorizado de Corcept, gestionando operaciones de farmacia, acceso de pacientes, apoyo al reembolso, reclamaciones, cuentas por cobrar y reportes.

El acuerdo, originalmente datado el 4 de agosto de 2017 y enmendado y reformulado el 1 de abril de 2024, se había extendido hasta el 31 de marzo de 2027 con renovaciones automáticas cada tres años. Corcept comunicó previamente a Optime que, conforme a sus derechos contractuales, la exclusividad de Optime terminó el 15 de septiembre de 2025. El contrato permitía la terminación por conveniencia por parte de Corcept con un preaviso de 90 días, así como remedios habituales por incumplimiento material.

Corcept Therapeutics(CORT)가 Optime Care와의 유통 서비스 계약을 종료했습니다, 2025년 10월 10일 통지했으며, 2026년 1월 8일에 종료가 발효됩니다. Optime은 Korlym 및 Corcept의 승인된 제네릭 미페프리스톤의 전문 약국 유통업체로서 약국 운영, 환자 접근, 상환 지원, 청구, 매출채권 및 보고를 처리해 왔습니다.

해당 계약은 원래 2017년 8월 4일에 체결되었고 2024년 4월 1일에 수정·재작성되었으며, 자동 3년 갱신으로 2027년 3월 31일까지 연장되었습니다. Corcept는 이전에 Optime에 계약상 권리에 따라 Optime의 독점권이 2025년 9월 15일에 종료되었다고 통지했습니다. 계약은 파생적 합의에 따른 90일 사전 통지로 Corcept가 편의 해지할 수 있도록 하고, 중대한 위반에 대한 일반 구제책도 규정하고 있었습니다.

Corcept Therapeutics (CORT) a résilié son accord de services de distribution avec Optime Care, en ayant notifié le 10 octobre 2025, la résiliation prenant effet le 8 janvier 2026. Optime avait servi de distributeur de pharmacie spécialisée pour Korlym et le générique autorisé de Corcept, le mifépristone, gérant les opérations de pharmacie, l’accès des patients, le soutien au remboursement, les réclamations, les comptes clients et les rapports.

L’accord, initialement daté du 4 août 2017 et modifié et révisé le 1er avril 2024, avait été prorogé jusqu’au 31 mars 2027 avec des renouvellements automatiques de trois ans. Corcept avait préalablement informé Optime que, selon ses droits contractuels, l’exclusivité d’Optime avait pris fin le 15 septembre 2025. Le contrat prévoyait la résiliation pour convenance par Corcept avec un préavis de 90 jours, ainsi que les recours habituels en cas de manquement matériel.

Corcept Therapeutics (CORT) hat seine Vertriebsdienstleistungsvereinbarung mit Optime Care beendet, wobei die Mitteilung am 10. Oktober 2025 erfolgte und die Beendigung mit Wirkung zum 8. Januar 2026 wirksam wird. Optime hatte als Spezialapotheken-Vertriebsunternehmen für Korlym und Corcerpts zugelassenes Generikum Mifepriston fungiert und den Apothekenbetrieb, den Patienten-Zugang, die Erstattungsunterstützung, Ansprüche, Forderungen und Berichterstattung abgewickelt.

Die Vereinbarung, ursprünglich datiert auf den 4. August 2017 und am 1. April 2024 geändert und neu gefasst, wurde bis zum 31. März 2027 mit automatischen drei Jahresverlängerungen verlängert. Corcept hatte Optime zuvor darüber informiert, dass gemäß seinen vertraglichen Rechten Optimes Exklusivität am 15. September 2025 geendet habe. Der Vertrag ermöglichte eine Kündigung aus Bequemlichkeitsgründen durch Corcept mit einer Vorankündigung von 90 Tagen sowie übliche Rechtsmittel bei wesentlicher Vertragsverletzung.

أنهت شركة Corcept Therapeutics (CORT) اتفاقية خدمات التوزيع مع Optime Care، مع إخطار في 10 أكتوبر 2025، على أن يكون الإنهاء ساري المفعول اعتباراً من 8 يناير 2026. لقد عملت Optime كموزّع صيدلي تخصصي لـ Korlym ولنائب Corcept الجنيسي الموافق عليه من ميفيبريستون، وتولّت عمليات الصيدلة، والوصول إلى المرضى، ودعم السداد، والمطالبات، والحسابات المستحقة، والتقارير.

الاتفاقية، التي تعود إلى 4 أغسطس 2017 وتعديلها وإعادة صياغتها في 1 أبريل 2024، كانت ممدودة حتى 31 مارس 2027 مع تجديدات تلقائية كل ثلاث سنوات. أبلغت Corcept سابقاً Optime أنه، وفقاً لحقوقها التعاقدية، انتهت حصرية Optime في 15 سبتمبر 2025. يسمح العقد بإنهاء من باب الملاءمة من قبل Corcept مع إشعار مسبق بمدة 90 يوماً، إضافة إلى التدابير المعتادة في حالة خرق جوهري.

Corcept Therapeutics (CORT) 已终止与 Optime Care 的分销服务协议,于 2025 年 10 月 10 日发出通知,终止自 2026 年 1 月 8 日起生效。Optime 曾担任 Korlym 及 Corcept 授权的仿制药米非司酮的专科药房分销商,负责药房运营、患者准入、报销支持、理赔、应收账款和报告。

该协议最初日期为 2017 年 8 月 4 日,经过 2024 年 4 月 1 日的修订与改写,已延长至 2027 年 3 月 31 日,且可自动再续三年。Corcept 事先告知 Optime,依其契约权利,Optime 的排他性已于 2025 年 9 月 15 日结束。合同允许 Corcept 以 90 天的提前通知出于方便之理由终止,以及在重大违约时的常规救济条款。

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Insights

Operational shift: Corcept ends Optime pact; exclusivity already removed.

Corcept is winding down its long-running specialty pharmacy arrangement with Optime Care, effective January 8, 2026. Optime handled Korlym and the authorized generic mifepristone distribution and patient support functions. Exclusivity ended on September 15, 2025, suggesting Corcept planned a transition before full termination.

The agreement allowed termination for convenience with 90-days notice, indicating a contractual pathway rather than a dispute disclosed here. The filing does not state financial terms or replacement providers, so operational continuity depends on Corcept’s alternative channels.

Key milestone is the termination effective date on January 8, 2026. Subsequent disclosures may detail successor distribution arrangements and any effects on patient access and claims processing.

Corcept Therapeutics (CORT) ha terminato il proprio accordo sui servizi di distribuzione con Optime Care, comunicando la notizia il 10 ottobre 2025, con risoluzione efficace dall'8 gennaio 2026. Optime aveva agito come distributore di farmacie specialistiche per Korlym e per l’analogo generico autorizzato di Corcept, il mifepristone, gestendo le operazioni di farmacia, l’ass accesso dei pazienti, l’assistenza al rimborso, i reclami, i crediti e i report.

L’accordo, originariamente stipulato il 4 agosto 2017 e modificato e rinnovato il 1 aprile 2024, era stato esteso fino al 31 marzo 2027 con rinnovi automatici di tre anni. In precedenza Corcept aveva informato Optime che, secondo i suoi diritti contrattuali, l’esclusiva di Optime era terminata il 15 settembre 2025. Il contratto prevedeva la risoluzione per convenienza da parte di Corcept con preavviso di 90 giorni, nonché rimedi abituali in caso di inadempimento sostanziale.

Corcept Therapeutics (CORT) terminó su acuerdo de servicios de distribución con Optime Care, notificando el 10 de octubre de 2025, con la terminación efectiva el 8 de enero de 2026. Optime había actuado como distribuidor de farmacia especializada para Korlym y el mifepristona genérico autorizado de Corcept, gestionando operaciones de farmacia, acceso de pacientes, apoyo al reembolso, reclamaciones, cuentas por cobrar y reportes.

El acuerdo, originalmente datado el 4 de agosto de 2017 y enmendado y reformulado el 1 de abril de 2024, se había extendido hasta el 31 de marzo de 2027 con renovaciones automáticas cada tres años. Corcept comunicó previamente a Optime que, conforme a sus derechos contractuales, la exclusividad de Optime terminó el 15 de septiembre de 2025. El contrato permitía la terminación por conveniencia por parte de Corcept con un preaviso de 90 días, así como remedios habituales por incumplimiento material.

Corcept Therapeutics(CORT)가 Optime Care와의 유통 서비스 계약을 종료했습니다, 2025년 10월 10일 통지했으며, 2026년 1월 8일에 종료가 발효됩니다. Optime은 Korlym 및 Corcept의 승인된 제네릭 미페프리스톤의 전문 약국 유통업체로서 약국 운영, 환자 접근, 상환 지원, 청구, 매출채권 및 보고를 처리해 왔습니다.

해당 계약은 원래 2017년 8월 4일에 체결되었고 2024년 4월 1일에 수정·재작성되었으며, 자동 3년 갱신으로 2027년 3월 31일까지 연장되었습니다. Corcept는 이전에 Optime에 계약상 권리에 따라 Optime의 독점권이 2025년 9월 15일에 종료되었다고 통지했습니다. 계약은 파생적 합의에 따른 90일 사전 통지로 Corcept가 편의 해지할 수 있도록 하고, 중대한 위반에 대한 일반 구제책도 규정하고 있었습니다.

Corcept Therapeutics (CORT) a résilié son accord de services de distribution avec Optime Care, en ayant notifié le 10 octobre 2025, la résiliation prenant effet le 8 janvier 2026. Optime avait servi de distributeur de pharmacie spécialisée pour Korlym et le générique autorisé de Corcept, le mifépristone, gérant les opérations de pharmacie, l’accès des patients, le soutien au remboursement, les réclamations, les comptes clients et les rapports.

L’accord, initialement daté du 4 août 2017 et modifié et révisé le 1er avril 2024, avait été prorogé jusqu’au 31 mars 2027 avec des renouvellements automatiques de trois ans. Corcept avait préalablement informé Optime que, selon ses droits contractuels, l’exclusivité d’Optime avait pris fin le 15 septembre 2025. Le contrat prévoyait la résiliation pour convenance par Corcept avec un préavis de 90 jours, ainsi que les recours habituels en cas de manquement matériel.

Corcept Therapeutics (CORT) hat seine Vertriebsdienstleistungsvereinbarung mit Optime Care beendet, wobei die Mitteilung am 10. Oktober 2025 erfolgte und die Beendigung mit Wirkung zum 8. Januar 2026 wirksam wird. Optime hatte als Spezialapotheken-Vertriebsunternehmen für Korlym und Corcerpts zugelassenes Generikum Mifepriston fungiert und den Apothekenbetrieb, den Patienten-Zugang, die Erstattungsunterstützung, Ansprüche, Forderungen und Berichterstattung abgewickelt.

Die Vereinbarung, ursprünglich datiert auf den 4. August 2017 und am 1. April 2024 geändert und neu gefasst, wurde bis zum 31. März 2027 mit automatischen drei Jahresverlängerungen verlängert. Corcept hatte Optime zuvor darüber informiert, dass gemäß seinen vertraglichen Rechten Optimes Exklusivität am 15. September 2025 geendet habe. Der Vertrag ermöglichte eine Kündigung aus Bequemlichkeitsgründen durch Corcept mit einer Vorankündigung von 90 Tagen sowie übliche Rechtsmittel bei wesentlicher Vertragsverletzung.

CORCEPT THERAPEUTICS INC false 0001088856 0001088856 2025-10-10 2025-10-10
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of the Securities Exchange Act of 1934

October 10, 2025

Date of Report (date of earliest event reported)

 

 

Corcept Therapeutics Incorporated

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   000-50679   77-0487658

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

  (I.R.S. Employer
Identification No.)

 

101 Redwood Shores Parkway, Redwood City, CA 94065
(Address of Principal Executive Offices) (Zip Code)

 

(650) 327-3270
Registrant’s telephone number, including area code

Not Applicable

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange

on which registered

Common Stock, $0.001 par value   CORT   The Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 1.02.

Termination of a Material Definitive Agreement.

On October 10, 2025, Corcept Therapeutics Incorporated (the “Company”) delivered to Optime Care, Inc. (“Optime”) a notice of termination of that certain Distribution Services Agreement, dated August 4, 2017, as amended and restated on April 1, 2024, by and between Optime and the Company (the “Agreement”), effective as of January 8, 2026.

As previously disclosed, under the terms of the Agreement, Optime has acted as a specialty pharmacy distributor of Korlym® and the Company’s authorized generic mifepristone medication (the “Medications”). Optime provided services related to pharmacy operations; patient intake, access and reimbursement; patient support; claims management and accounts receivable; and reporting (“Pharmacy Services”). Effective April 1, 2024, the Company extended the Agreement with Optime through March 31, 2027, with automatic renewal for successive three-year terms. On June 17, 2025, the Company notified Optime that, pursuant to the Company’s rights under Section 18.5 of the Agreement, Optime would cease to be the exclusive provider of Pharmacy Services with respect to the Medications, effective September 15, 2025.

The Agreement was subject to customary termination provisions, including the right of Optime to terminate in the event of a material breach by the Company that the Company does not cure in a reasonable period of time after receiving written notice. The Agreement further provides that the Company has the right to terminate the Agreement for convenience at any time with 90-days advance notice.

The description of the Agreement in this Current Report on Form 8-K (“Form 8-K”) does not purport to be complete and is subject to, and is qualified in its entirety by reference to the Agreement, which the Company initially filed as Exhibit 10.2 to its Quarterly Report on Form 10-Q for the three months ended March 31, 2024, filed with the SEC on May 1, 2024.

 

Item 9.01.

Financial Statements and Exhibits.

 

  (d)

Exhibits.

 

Exhibit
No.
   Description
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    CORCEPT THERAPEUTICS INCORPORATED
Date: October 14, 2025     By:  

/s/ Atabak Mokari

    Name:   Atabak Mokari
    Title:   Chief Financial Officer

FAQ

What did Corcept Therapeutics (CORT) announce regarding Optime Care?

Corcept delivered notice to terminate its Distribution Services Agreement with Optime Care, effective January 8, 2026.

Which products were covered by the Optime Care agreement for CORT?

Optime supported Korlym and Corcept’s authorized generic mifepristone with specialty pharmacy and patient services.

When did Optime Care’s exclusivity with CORT end?

Corcept notified Optime that exclusivity ended on September 15, 2025.

Did the contract allow termination without cause?

Yes. Corcept had the right to terminate for convenience with 90-days advance notice.

How long had the Optime Care agreement been extended previously?

Effective April 1, 2024, it was extended through March 31, 2027 with automatic three-year renewals.

What services did Optime provide to CORT?

Pharmacy operations, patient intake/access/reimbursement, patient support, claims management and accounts receivable, and reporting.
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