litigation
confidence high
sentiment negative
materiality 0.85
Federal Circuit affirms Teva generic Korlym does not infringe two Corcept patents
CORCEPT THERAPEUTICS INC
- Court of Appeals for the Federal Circuit found Teva's generic Korlym does not infringe two Corcept patents on safe co-administration with CYP3A4 inhibitors.
- Ruling affirms December 2023 District of New Jersey verdict; Corcept will consider further judicial review.
- CEO Joseph Belanoff expressed disappointment and said company will vigorously defend its rights.
- Patents cover methods used in treating Cushing's syndrome; generic entry would weaken Korlym's market exclusivity.