other material
confidence high
sentiment negative
materiality 0.75
Corcept wins patent appeal, discloses DOJ subpoena on Korlym sales, extends tender offer to Dec 15
CORCEPT THERAPEUTICS INC
- Federal Circuit affirmed PTAB decision upholding validity of '214 patent (expires 2037) against Teva challenge.
- Received HIPAA subpoena from NJ USAO regarding Korlym sales and HCP payments; investigating potential criminal/civil violations; Corcept not a defendant.
- Extended tender offer expiration to Dec 15, 2021; 8,282,336 shares tendered to date; condition of at least 3M shares tendered.