Why Mid-Cap Corcept Therapeutics Stock Trading Higher On Tuesday?
Portfolio Pulse from Vandana Singh
Corcept Therapeutics (NASDAQ:CORT) announced that its GRACE Phase 3 trial for relacorilant in patients with hypercortisolism met its primary endpoint. The trial showed significant improvements in hypertension and hyperglycemia, and the drug was well-tolerated. The company plans to submit a New Drug Application in Q3. CORT shares rose 11.4% following the news.
May 28, 2024 | 1:39 pm
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Corcept Therapeutics announced that its GRACE Phase 3 trial for relacorilant met its primary endpoint, showing significant improvements in hypertension and hyperglycemia. The drug was well-tolerated, and the company plans to submit a New Drug Application in Q3. CORT shares rose 11.4% following the news.
The positive results from the GRACE Phase 3 trial and the upcoming New Drug Application submission are significant milestones for Corcept Therapeutics. These developments are likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100