Corcept Therapeutics (NasdaqCM:CORT) Reports Positive Phase 3 Results Despite 8% Share Price Dip

Corcept Therapeutics (NasdaqCM:CORT) recently announced successful results from its ROSELLA trial for relacorilant plus nab-paclitaxel, indicating a notable positive stride in treatment for platinum-resistant ovarian cancer. This announcement, emphasizing a significant improvement in progression-free and overall survival, aligns with the company’s 8% share price uptick over the last quarter. Despite broader market challenges and a slide in major indices like the S&P 500 and Nasdaq, Corcept’s pharmaceutical advancements stood out, boosting investor sentiment amid a backdrop of tariff concerns and economic unease.

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Over the past five years, Corcept Therapeutics has achieved a significant total return of 373.40%. This impressive performance has been underpinned by several key developments. A major driver was the successful results from pivotal trials such as ROSELLA, which improved progression-free survival in ovarian cancer patients. The acceptance of a New Drug Application (NDA) for relacorilant treatment of hypercortisolism further bolstered market confidence, supported by positive outcomes from the GRACE and GRADIENT studies.

In addition to promising clinical advancements, Corcept has delivered strong financial results, with full-year 2024 net income rising to US$141.21 million, up from US$106.14 million the previous year. Despite some operational challenges, such as those faced with a pharmacy partner, annual guidance revisions and an expanding oncology division contributed positively. Over the past year, Corcept outperformed the US Pharmaceuticals industry, which returned just 2% during the same timeframe, highlighting its growth trajectory and market differentiation.

Understand Corcept Therapeutics' track record by examining our performance history report.

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