STOCK TITAN

Corcept Therapeutics Inc - CORT STOCK NEWS

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) is a commercial-stage pharmaceutical company dedicated to the discovery and development of innovative medications that target the underlying effects of abnormal cortisol levels. Cortisol, a hormone essential for various bodily functions, can become dysregulated and contribute to a range of serious health conditions, including metabolic disorders, oncologic diseases, and neuropsychiatric illnesses. Corcept leverages its deep scientific expertise to address these challenges by developing drugs that modulate the glucocorticoid receptor (GR), a key mediator of cortisol's effects.

Core Business Areas

Corcept's business model is centered on the research, development, and commercialization of GR antagonists. The company’s flagship product, mifepristone, is approved for the treatment of hypercortisolism in certain conditions. Beyond this, Corcept has built an extensive pipeline of over 300 proprietary molecules, each designed to selectively block the GR without affecting the progesterone receptor. This specificity minimizes side effects and enhances therapeutic potential.

Addressing Unmet Medical Needs

Corcept’s innovative compounds are being evaluated in clinical trials for their ability to treat a variety of severe and life-threatening conditions. These include:

  • Hypercortisolism: A disorder characterized by excessive cortisol levels, often linked to Cushing's syndrome.
  • Oncologic Applications: Advanced ovarian cancer, prostate cancer, and other malignancies where cortisol plays a role in disease progression.
  • Neuropsychiatric Disorders: Conditions such as post-traumatic stress disorder (PTSD), mild cognitive impairment, and Alzheimer’s disease.
  • Metabolic Diseases: Non-alcoholic steatohepatitis (NASH) and other metabolic syndromes influenced by cortisol dysregulation.

Scientific Approach and Differentiation

What sets Corcept apart in the competitive pharmaceutical landscape is its singular focus on GR antagonism. Unlike traditional therapies that may broadly target hormonal pathways, Corcept’s compounds are designed to selectively block the GR, thereby mitigating the adverse effects of excess cortisol while preserving other hormonal functions. This approach is supported by extensive scientific literature and represents a promising avenue for treating diseases with high unmet medical needs.

Market Position and Growth Potential

Operating in the dynamic pharmaceutical industry, Corcept occupies a niche position as a pioneer in cortisol modulation therapies. Its focus on conditions with limited treatment options provides a strategic advantage, as does its robust pipeline of proprietary molecules. However, the company faces challenges typical of the sector, including regulatory approvals, competition from larger pharmaceutical firms, and the inherent risks of clinical trial outcomes. Despite these hurdles, Corcept’s unique scientific approach and targeted focus position it as a significant player in its field.

Commitment to Innovation

Corcept’s commitment to advancing medical science is evident in its investment in research and development. By exploring the role of cortisol in various diseases and developing compounds that address these mechanisms, the company aims to deliver transformative therapies that improve patient outcomes. Its strategic focus on unmet medical needs underscores its potential to make a lasting impact on the healthcare landscape.

Conclusion

Corcept Therapeutics Inc. exemplifies the intersection of scientific innovation and patient-focused care. Through its pioneering work in cortisol modulation, the company addresses some of the most pressing challenges in modern medicine. With a strong foundation in research, a growing pipeline of proprietary compounds, and a commitment to addressing unmet medical needs, Corcept is well-positioned to contribute significantly to the pharmaceutical industry.

Rhea-AI Summary

Corcept Therapeutics (CORT) reported Q2 2022 revenue of $103.4 million, an increase from $91.6 million in Q2 2021. The company reiterated its 2022 revenue guidance of $400 - $430 million. Net income for the quarter was $27.4 million or $0.24 per share, up from $0.21 in the prior year. Cash and investments rose to $382.0 million, reflecting solid growth. Corcept continues to advance clinical trials for relacorilant, addressing conditions such as platinum-resistant ovarian cancer and Cushing’s syndrome, with completion of multiple Phase 2 trials expected by year-end.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.32%
Tags
-
Rhea-AI Summary

Corcept Therapeutics (NASDAQ: CORT) will report its second quarter financial results and provide a corporate update on August 3, 2022, with a conference call at 5:00 p.m. ET. The company has a robust portfolio of proprietary compounds targeting cortisol modulation for severe disorders, including Cushing’s syndrome and cancers. They are also working on clinical trials for other conditions. The call will be accessible through registration, and a replay will be available on their website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
-
Rhea-AI Summary

Corcept Therapeutics announced the initiation of the ROSELLA Phase 3 trial for relacorilant plus nab-paclitaxel in platinum-resistant ovarian cancer. The previous Phase 2 trial demonstrated improved progression-free survival, duration of response, and overall survival without increasing side effects. The pivotal trial aims to enroll 360 women and is critical as limited treatment options exist for this patient population. Success could establish relacorilant as a new standard of care.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.88%
Tags
Rhea-AI Summary

Corcept Therapeutics has announced the initiation of a registrational Phase 3 trial for relacorilant plus nab-paclitaxel in patients with recurrent, platinum-resistant ovarian cancer. The decision follows a successful Phase 2 study showing significant improvements in progression-free survival, duration of response, and overall survival without added side effects. The new trial, named ROSELLA, aims to enroll 360 women and is designed to replicate the positive outcomes observed previously. Results will be presented at the ASCO Annual Meeting.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.28%
Tags
-
Rhea-AI Summary

Corcept Therapeutics (NASDAQ: CORT) reported Q1 2022 results with revenue of $93.7 million, up from $79.4 million in Q1 2021. The diluted net income per share rose to $0.20, compared to $0.18 a year earlier. The company reiterated its 2022 revenue guidance of $400 - $430 million. Cash and investments increased to $368.1 million as of March 31, 2022. Corcept is advancing multiple clinical trials, notably in platinum-resistant ovarian cancer and Cushing’s syndrome, with a pivotal trial expected soon. A conference call was held on May 5, 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.94%
Tags
-
Rhea-AI Summary

Corcept Therapeutics (NASDAQ: CORT) will report its first quarter financial results on May 5, 2022, followed by a corporate update and a conference call at 5:00 p.m. ET. The company specializes in cortisol modulation and has developed a portfolio of proprietary compounds for serious disorders, including Cushing's syndrome. Korlym®, its flagship drug, was the first FDA-approved treatment for Cushing's. Details for joining the call are provided, ensuring access for investors and stakeholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.22%
Tags
Rhea-AI Summary

Corcept Therapeutics announced key appointments in leadership roles to enhance commercial and development initiatives. Daniel Einhorn was appointed Vice President of Endocrine Strategy, bringing over 30 years of experience in clinical endocrinology. Amiel Balagtas joins as Vice President of Development Operations, with a strong background from Gilead Sciences. Lyndah Dreiling is the new Vice President of Global Oncology Development, adding extensive experience in drug development. These leadership changes aim to strengthen Corcept's position in treating severe disorders through innovative drug solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.74%
Tags
management
-
Rhea-AI Summary

Corcept Therapeutics (NASDAQ: CORT) has announced the completion of enrollment for its GRATITUDE trial, investigating miricorilant as a treatment for weight gain induced by antipsychotics in patients with schizophrenia or bipolar disorder. The trial, which includes 600 mg of miricorilant or placebo daily over 12 weeks, aims to evaluate weight reduction and safety. Data is expected in Q4 2022. Additionally, the company is conducting a second trial, GRATITUDE II, for long-term antipsychotic-induced weight gain, with results also due in Q4. Both studies are vital for addressing metabolic side effects of antipsychotics.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.3%
Tags
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.87%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.41%
Tags
conferences

FAQ

What is the current stock price of Corcept Therapeutics (CORT)?

The current stock price of Corcept Therapeutics (CORT) is $91.93 as of April 1, 2025.

What is the market cap of Corcept Therapeutics (CORT)?

The market cap of Corcept Therapeutics (CORT) is approximately 9.8B.

What does Corcept Therapeutics specialize in?

Corcept Therapeutics specializes in developing drugs that modulate the effects of cortisol to treat metabolic, oncologic, and neuropsychiatric disorders.

What is Corcept’s flagship product?

Corcept’s flagship product is mifepristone, approved for treating hypercortisolism in specific conditions.

What makes Corcept’s approach unique?

Corcept focuses on selective glucocorticoid receptor (GR) antagonism, which targets cortisol's effects without affecting other hormonal pathways.

What diseases are Corcept’s compounds being developed to treat?

Corcept’s compounds are being developed to treat hypercortisolism, advanced cancers, PTSD, Alzheimer’s disease, and metabolic disorders like NASH.

How does Corcept generate revenue?

Corcept generates revenue through the commercialization of its approved drugs and ongoing development of its proprietary pipeline.

What challenges does Corcept face in its industry?

Corcept faces challenges such as regulatory approvals, competition from larger pharmaceutical companies, and the risks inherent in clinical trials.

What is the significance of glucocorticoid receptor antagonism?

Glucocorticoid receptor antagonism helps mitigate the adverse effects of excess cortisol, offering potential treatments for various serious conditions.

What is Corcept’s competitive advantage?

Corcept’s competitive advantage lies in its focus on cortisol modulation and its extensive pipeline of proprietary GR antagonists.

What industries does Corcept Therapeutics operate in?

Corcept operates in the pharmaceutical and biotechnology industries, focusing on drug development for unmet medical needs.

How does Corcept contribute to addressing unmet medical needs?

Corcept develops innovative therapies targeting diseases with limited treatment options, such as hypercortisolism and advanced cancers.
Corcept Therapeutics Inc

Nasdaq:CORT

CORT Rankings

CORT Stock Data

9.78B
93.36M
11.44%
81.8%
15.21%
Biotechnology
Pharmaceutical Preparations
Link
United States
REDWOOD CITY