Corcept Therapeutics (CORT) said Wednesday that the Food and Drug Administration (FDA) issued a Complete Response Letter for its New Drug Application seeking approval of relacorilant to treat hypertension secondary to hypercortisolism.
The company said that while the FDA acknowledged that Corcept's pivotal GRACE trial met its primary endpoint and that data from the GRADIENT trial were confirmatory, it determined additional evidence of effectiveness is needed to support a favorable benefit-risk assessment.
"We are surprised and disappointed by this outcome," said CEO Joseph K. Belanoff, MD, adding that the company "will meet with the FDA promptly to determine the best path forward."
Relacorilant is an oral selective glucocorticoid receptor antagonist, in development for endogenous hypercortisolism including ovarian cancer and other disorders.
Shares of Corcept Therapeutics were down more than 4% in recent premarket trading.
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