Jul. 25 at 7:49 PM
$CORT Charles Schwab has a target price of
$138 for Corcept. The company is seeking approval for relacorilant in combination with nab-paclitaxel for treating patients with platinum-resistant ovarian cancer. This marks a new NDA for relacorilant.
Last December, the company submitted an NDA for relacorilant to the FDA for treating patients with hypercortisolism (Cushing's syndrome).
The NDA for relacorilant in platinum-resistant ovarian cancer was based on data from the pivotal phase III ROSELLA study and phase II studies.
Recently, the company announced that the ROSELLA study met its primary endpoint of improved progression-free survival, as assessed by blinded independent central review (PFS-BICR). Per management, data from the ROSELLA study suggested that the combo of relacorilant plus nab-paclitaxel has the potential to become a new standard of care for patients with platinum-resistant ovarian cancer.