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Class action lawsuit filed against Corcept after FDA rejects key drug application, causing stock to plunge 50%.

Market News
02 Apr 2026
PRNewsWire
View Source
Bearish
pluang ai news

A class action lawsuit has been filed against Corcept Therapeutics following the FDA's rejection of its new drug application for relacorilant, a treatment for hypertension secondary to hypercortisolism. The FDA's Complete Response Letter stated that Corcept must provide more evidence of the drug's effectiveness, leading to a 50.4% drop in Corcept's stock price. Investors who bought Corcept securities during the class period can seek to be Lead Plaintiff by April 21, 2026. This lawsuit alleges securities fraud or other unlawful business practices by Corcept and its officers or directors.

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Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

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Ethereum's rally faces a key test as staking demand rises despite lower yields.

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Baidu plans dual-primary listing on Hong Kong Stock Exchange to boost liquidity and investor base.

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