litigation
confidence high
sentiment negative
materiality 0.65
Court finds Teva does not infringe Corcept's Korlym patents; Corcept plans appeal
CORCEPT THERAPEUTICS INC
- District of New Jersey ruled Teva does not infringe Corcept's U.S. Patents 10,195,214 and 10,842,800.
- Patents cover methods of safely administering Korlym with strong CYP3A4 inhibitors.
- CEO Joseph Belanoff called decision disappointing and based on legal and factual errors.
- Corcept will pursue a vigorous appeal; believes patents expanded treatment options for Cushing's syndrome.
- FDA had added the patented methods to Korlym's prescribing instructions.