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CORT
79.80
- 0.60%
Corcept Therapeutics Incorporated
Pharma & Biotech

News Sentiment

59m ago
Bullish 65%
Bearish 35%

News Summary

The company is involved in ongoing patent litigation with Teva Pharmaceuticals concerning its drug Korlym. A favorable outcome would protect its market exclusivity until 2037. Analysts from Wolfe Research have initiated coverage with a 'Peer Perform' rating, suggesting the stock will likely trade in the $70 to $75 range until there is a resolution from a future earnings call. The company has also modified its revenue guidance and is banking on its Cushing Syndrome treatment to drive future growth.
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