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Investor inquiries: ir@corcept.com Media inquiries: communications@corcept.com www.corcept.com Corcept Receives Complete Response Letter for Relacorilant as a Treatment for Patients with Hypercortisolism REDWOOD

Key Takeaway: Corcept Therapeutics has received a Complete Response Letter from the FDA regarding its New Drug Application for relacorilant as a treatment for hypercortisolism. Despite the success of the pivotal GRACE trial and supportive data from the GRADIENT trial, the FDA requires further evidence of the drug's effectiveness before proceeding. The company plans to meet with the FDA to discuss potential next steps. Relacorilant has orphan drug designation for hypercortisolism and is also under development for ovarian cancer.

Market Sentiment Analysis

POSITIVE FACTORS

  • Corcept's pivotal GRACE trial met its primary endpoint.
  • Relacorilant has been designated as an orphan drug by the FDA.
  • Corcept is committed to finding a way to get relacorilant to patients.

CONCERNS & RISKS

  • The FDA issued a Complete Response Letter, denying the NDA for relacorilant.
  • The FDA concluded it needs additional evidence of effectiveness.
  • Corcept expressed surprise and disappointment at the FDA's decision.

Full Press Release Details

Corcept Receives Complete Response Letter for Relacorilant
as a Treatment for Patients with Hypercortisolism
REDWOOD CITY, Calif. (Dec. 31, 2025) - Corcept Therapeutics Incorporated (NASDAQ: CORT), a commercial-stage company engaged in the discovery and
development of medications to treat severe endocrinologic, oncologic, metabolic and neurologic disorders by modulating the effects of the hormone cortisol, today announced that the U.S. Food and Drug Administration (FDA or the Agency) has issued a
Complete Response Letter (CRL) regarding the New Drug Application (NDA) for relacorilant as a treatment for patients with hypertension secondary to hypercortisolism.
While the FDA acknowledged that Corcept's pivotal GRACE trial met its primary endpoint and that data from the company's GRADIENT trial provided
confirmatory evidence, the Agency concluded it could not arrive at a favorable benefit-risk assessment for relacorilant without Corcept providing additional evidence of effectiveness.
"We are surprised and disappointed by this outcome," said Joseph K. Belanoff, MD, Corcept's Chief Executive Officer. "Our commitment
to patients suffering from the effects of hypercortisolism is unwavering. I am confident we will find a way to get relacorilant to the patients it could help. We will meet with the FDA as soon as possible to discuss the best path forward."
Relacorilant, an oral therapy,
is a selective glucocorticoid receptor (GR) antagonist that modulates cortisol activity by binding to the GR but not to the body's other hormone receptors. Corcept is developing relacorilant in endogenous hypercortisolism and a variety of
other serious disorders, including ovarian cancer. Relacorilant is proprietary to Corcept and is protected by composition of matter, method of use and other patents. It has been designated an orphan drug by the FDA and the European Commission (EC)
for the treatment of hypercortisolism and by the EC for the treatment of ovarian cancer. The FDA has assigned a Prescription Drug User Fee Act (PDUFA) date of July 11, 2026 for relacorilant as a treatment for patients with platinum-resistant
ovarian cancer. Corcept also recently submitted a Marketing Authorization Application (MAA) to the European Medicines Agency (EMA) for relacorilant to treat patients with platinum-resistant ovarian cancer.
About Corcept Therapeutics
For over 25 years, Corcept has focused on cortisol modulation and its potential to treat patients with a wide variety of serious disorders, leading to the
discovery of more than 1,000 proprietary selective cortisol modulators and glucocorticoid receptor antagonists. Corcept is conducting advanced clinical trials in patients with hypercortisolism, solid tumors, ALS and liver disease. In February 2012,
the company introduced Korlym , the first medication approved by the U.S. Food and Drug Administration for the treatment of patients with endogenous hypercortisolism. Corcept is headquartered
in Redwood City, California. For more information, visit Corcept.com.
Forward-Looking Statements
Statements in this press release, other than statements of historical fact, are forward-looking statements based on our current plans and expectations and are
subject to risks and uncertainties that might cause our actual results to differ materially from those such statements express or imply. These risks and uncertainties are set forth in our SEC filings, which are available at our website and the
In this press release, forward-looking statements include statements concerning: the clinical data concerning the safety and
efficacy of relacorilant, including the results of our GRACE and GRADIENT trials; our plans to meet with the FDA as soon as possible; and any new clinical data, analyses or regulatory processes that may be required for relacorilant to receive
approval as a treatment for patients with endogenous hypercortisolism or any other indication. We disclaim any intention or duty to update forward-looking statements made in this press release.

Frequently Asked Questions

What was the FDA's decision on relacorilant?

The FDA issued a Complete Response Letter for relacorilant, requiring more evidence of effectiveness.

What is relacorilant used to treat?

Relacorilant is designed for patients with hypertension due to hypercortisolism.

What does Corcept plan to do after the CRL?

Corcept aims to meet with the FDA to discuss the next steps for relacorilant.

Is relacorilant being developed for other conditions?

Yes, Corcept is also developing relacorilant for ovarian cancer and other disorders.

When is the PDUFA date for relacorilant?

The PDUFA date for relacorilant for ovarian cancer is July 11, 2026.

Last updated: Dec 31, 2025