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flag FDA rejects Corcept’s relacorilant for hypertension due to excess cortisol, citing need for more evidence.

flag The U.S. FDA issued a Complete Response Letter rejecting Corcept Therapeutics' application for relacorilant, a drug for hypertension due to hypercortisolism, despite positive results from the GRACE and GRADIENT trials. flag The agency stated additional evidence of effectiveness is needed to establish a favorable benefit-risk profile. flag The decision caused Corcept’s stock to plummet by approximately 50%, marking a significant setback for the company and its investors.

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