Corcept faces class action over relacorilant NDA claims after 50.4% stock drop

Reuters03-19

Corcept faces class action over relacorilant NDA claims after 50.4% stock drop

A class action lawsuit was filed on behalf of investors who purchased Corcept common stock between Oct. 31, 2024, and Dec. 30, 2025. The complaint alleges Corcept misled investors about the clinical evidence supporting its relacorilant new drug application for hypercortisolism and the risk of non-approval. Corcept disclosed it received an FDA Complete Response Letter stating the agency could not reach a favorable benefit-risk assessment without additional evidence of effectiveness. Corcept shares fell 50.4% from $70.2 to $34.8 following the disclosure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Corcept Therapeutics Incorporated published the original content used to generate this news brief via PR Newswire (Ref. ID: 202603181735PR_NEWS_USPR_____LA13775) on March 18, 2026, and is solely responsible for the information contained therein.

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