regulatory
confidence high
sentiment negative
materiality 0.78
FDA issues Complete Response Letter for Corcept's relacorilant NDA in hypercortisolism
CORCEPT THERAPEUTICS INC
- FDA concluded benefit-risk assessment unfavorable without additional effectiveness evidence.
- Pivotal GRACE trial met primary endpoint; GRADIENT trial provided confirmatory evidence.
- CEO Joseph Belanoff expressed surprise and disappointment; plans to meet with FDA.
- Relacorilant was under review for hypertension secondary to hypercortisolism.