CORT on Nasdaq

Corcept Therapeutics

Logo: corcept.com5

American pharmaceutical company

Corcept Therapeutics Inc. is a pharmaceutical company engaged in the discovery, development and commercialization of drugs for the treatment of severe metabolic, psychiatric and oncologic disorders. Corcept has focused on the adverse effects of excess cortisol, studying new compounds that may mitigate those effects. Its executive team is headed by CEO, president and director Joseph K. Belanoff, MD.3 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1998Founded1

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  • TickerCORT on Nasdaq1
  • Industrypharmaceutical industry1
  • HeadquartersMenlo Park1
  • Websitewww.corcept.com
  • Incorporated inDE6
  • Business address101 Redwood Shores Parkway, Redwood City, Ca 940656
  • Filer categoryLarge accelerated filer6
  • Legal formCorporation4
  • LEI529900EO9LUTFMZ7FF904
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressc/o Cogency Global Inc., 850 New Burton Road, Suite 201, 19904 Dover, United States4
  • Registered withDivision of Corporations, Department of State, 28960874
Corcept Therapeutics image from its website
Image: corcept.com8

Corcept Therapeutics Inc. is a pharmaceutical company engaged in the discovery, development and commercialization of drugs for the treatment of severe metabolic, psychiatric and oncologic disorders. Corcept has focused on the adverse effects of excess cortisol, studying new compounds that may mitigate those effects. Its executive team is headed by CEO, president and director Joseph K. Belanoff, MD.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

5.9%Operating margin9
13.1%Net margin9
12.8%Revenue growth, 20259
15.4%Return on equity9
$141.8MFree cash flow9

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue2¢$13.0M
  • Research and development30¢$254.9M
  • Selling, general and admin53¢$448.7M
  • Income tax4¢$33.2M
  • Profit12¢$99.7M

Out of $761.4M in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Capital spending0¢$211.0K
  • Share buybacks100¢$172.9M

Out of $142.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.9

Financial statements

Revenue101112139$761.4M in 2025+148% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $306.5M$306.5M20192020: $353.9M$353.9M2020+15%2021: $366.0M$366.0M2021+3%2022: $401.9M$401.9M2022+10%2023: $482.4M$482.4M2023+20%2024: $675.0M$675.0M2024+40%2025: $761.4M$761.4M2025+13%
Operating income101112139$44.8M in 2025−60% since 2019
0$50.0M$100.0M$150.0M2019: $111.6M$111.6M20192020: $128.2M$128.2M2020+15%2021: $124.5M$124.5M2021−3%2022: $112.6M$112.6M2022−10%2023: $107.3M$107.3M2023−5%2024: $137.0M$137.0M2024+28%2025: $44.8M$44.8M2025−67%
Net income101112139$99.7M in 2025+6% since 2019
0$50.0M$100.0M$150.0M2019: $94.2M$94.2M20192020: $106.0M$106.0M2020+13%2021: $112.5M$112.5M2021+6%2022: $101.4M$101.4M2022−10%2023: $106.1M$106.1M2023+5%2024: $141.2M$141.2M2024+33%2025: $99.7M$99.7M2025−29%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Product revenue, net$761.4M$675.0M$482.4M
Cost of sales$13.0M$10.9M$6.5M
Research and development$254.9M$246.9M$184.4M
Selling, general and administrative$448.7M$280.3M$184.3M
Total operating expenses$716.6M$538.1M$375.1M
Income from operations$44.8M$137.0M$107.3M
Interest and other income$21.7M$24.5M$17.3M
Income before income taxes$66.5M$161.5M$124.6M
Income tax benefit (expense)$33.2M-$20.3M-$18.4M
Net income$99.7M$141.2M$106.1M
Net income attributable to common stockholders, basic$98.2M$139.7M$105.5M
Net income attributable to common stockholders, diluted$98.2M$139.7M$105.5M
Basic net income per share (in dollars per share)$0.95$1.35$1.02
Diluted net income per share (in dollars per share)$0.82$1.23$0.94
Basic (in shares)103.9M shares103.2M shares103.6M shares
Diluted (in shares)120.0M shares113.5M shares111.7M shares

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Corporate structure

Corcept Therapeutics sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Corcept Therapeutics

  • RENAISSANCE TECHNOLOGIES LLC Filed SCHEDULE 13G/A on Corcept Therapeutics, latest Aug 13, 2026 (5 filings since Feb 11, 2022)
  • INGALLS & SNYDER LLC Filed SCHEDULE 13G/A on Corcept Therapeutics, latest Apr 21, 2026 (5 filings since Feb 4, 2022)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Corcept Therapeutics, latest Mar 26, 2026 (5 filings since Feb 9, 2022)
  • BlackRock Filed SCHEDULE 13G/A on Corcept Therapeutics, latest Jul 17, 2025 (6 filings since Jan 28, 2022)
  • Joseph K. Belanoff Filed SCHEDULE 13G/A on Corcept Therapeutics, latest Feb 14, 2025 (4 filings since Feb 11, 2022)
  • G. Leonard Baker Jr. Filed SC 13G/A on Corcept Therapeutics, latest Feb 14, 2024 (3 filings since Feb 14, 2022)
  • Corcept Therapeutics Menlo Park, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Corcept Therapeutics reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$1.9M9 Dec 31, 2025$2.7M9 Dec 31, 2024−29.7%
Operating-lease assets (leased space)$4.6M9 Dec 31, 2025$5.3M9 Dec 31, 2024−13.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$120.5M9 Dec 31, 2025$127.7M9 Dec 31, 2024−5.6%
Marketable securities, current$251.7M9 Dec 31, 2025$255.7M9 Dec 31, 2024−1.6%
Marketable securities, non-current$160.3M9 Dec 31, 2025$219.8M9 Dec 31, 2024−27.1%
Debt securities available for sale$573.9M13 Dec 31, 2024$387.0M13 Dec 31, 2023+48.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$12.9M9 Dec 31, 2025$12.4M9 Dec 31, 2024+3.7%

Properties, in its own words

We lease 50,632 square feet of office space in Redwood City, California for our corporate facilities. In December 2025, we exercised an expansion option of this lease for additional office space of 40,884 square feet, which commenced during the first quarter of 2026. Our current lease expires in June 2030.

Item 2 of the 10-K filed Feb 24, 2026.17

The story

Backed by Silicon Valley biotech investors, Corcept Therapeutics was founded in May 1998 by psychiatrists Alan Schatzberg and Joseph K. Belanoff. Eight years later, Corcept remained a small firm with 11 full-time employees. Much of its work (e.g., drug manufacturing and testing on patients) was farmed out to others.

In June 2008, U.S. Senator Chuck Grassley, then the ranking Republican on the Senate Finance Committee, criticized Corcept cofounder and prominent psychiatrist Alan Schatzberg, chair of the psychiatry department at Stanford University School of Medicine, for not fully informing the university about the value of his shares in Corcept. According to Grassley, Schatzberg had reported stock holdings in Corcept worth "over $100,000," when, in fact, the psychiatrist's stake exceeded $6 million. In July, Stanford said that Schatzberg "appropriately disclosed any potential financial conflict of interest," but announced he would nevertheless step down temporarily as principal investigator on his National Institute of Mental Health grant to study the effectiveness of the abortion drug mifepristone as an antidepressant. Grassley also asked Stanford to explain its own financial ties with Corcept, saying the university held licensing agreements for mifepristone. The National Institutes of Health later reinstated Schatzberg as principal investigator.

From Wikipedia’s article on Corcept Therapeutics, shared under CC BY-SA 4.0.7

Leadership

Who has led Corcept Therapeutics, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (27)

Timeline

  1. Sep 23, 20268-K Executive or director change; Regulation FD disclosure51
  2. Jul 29, 20268-K Results of operations; Regulation FD disclosure52
  3. Jun 17, 20268-K Other events53
  4. Jun 3, 20268-K Other events54
  5. May 28, 20268-K Executive or director change; Shareholder vote55
  6. Apr 30, 20268-K Results of operations; Regulation FD disclosure56
  7. Mar 25, 20268-K Other events57
  8. Feb 24, 20268-K Results of operations; Regulation FD disclosure58
  9. Feb 19, 20268-K Other events59
  10. Jan 22, 20268-K Other events60
  11. Dec 31, 20258-K Other events61
  12. Nov 4, 20258-K Results of operations; Regulation FD disclosure62
  13. Jan 19, 2006New chief executive Joseph K. Belanoff becomes CEO18
  14. Apr 14, 2004Went public Listed on NASDAQ1
  15. 1998Founded Founded1

Calendar

Coming up

  1. Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.16 a share, on Nov 4, 2025.63

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results52
  2. Apr 30, 2026Reported quarterly or annual results56
  3. Feb 24, 2026Reported quarterly or annual results58
  4. Nov 4, 2025Reported quarterly or annual results62
  5. Jul 31, 2025Reported quarterly or annual results64
  6. May 5, 2025Reported quarterly or annual results65
  7. Feb 26, 2025Reported quarterly or annual results66
  8. Oct 30, 2024Reported quarterly or annual results67

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

663 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 47 major events, 381 insider forms, 28 large holders, 186 other. The latest 20:

  1. Oct 5, 20264 EDGAR
  2. Oct 5, 20264 EDGAR
  3. Oct 5, 20264 EDGAR
  4. Oct 5, 20264 EDGAR
  5. Oct 5, 20263 EDGAR
  6. Oct 1, 2026144 EDGAR
  7. Sep 28, 20264 EDGAR
  8. Sep 23, 20268-K EDGAR
  9. Sep 18, 20264 EDGAR
  10. Sep 18, 20264 EDGAR
  11. Sep 16, 20264 EDGAR
  12. Sep 16, 20264 EDGAR
  13. Sep 15, 2026144 EDGAR
  14. Sep 14, 2026144 EDGAR
  15. Sep 3, 20264 EDGAR
  16. Sep 3, 20264 EDGAR
  17. Sep 3, 20264 EDGAR
  18. Sep 3, 20264 EDGAR
  19. Sep 3, 20264 EDGAR
  20. Sep 3, 20264 EDGAR

The 663 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

205 open-market trades by officers, directors and large owners since October 2021: 1 buys and 204 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 16, 2026Vieira Roberto WandenkolkPresident, OncologySale296$100.82$29.8KForm 4
Sep 15, 2026WILSON JAMES NDirectorSale10,000$110.69$1.1MForm 4
Sep 14, 2026Lyon Joseph DouglasSee RemarksSale10,000$113.50$1.1MForm 4
Sep 2, 2026Vieira Roberto WandenkolkPresident, OncologySale58,333$110.76$6.5MForm 4
Sep 1, 2026Maduck SeanSee RemarksSale25,000$114.43$2.9MForm 4
Aug 26, 2026Park KimberlyDirectorSale26,685$122.55$3.3MForm 4
Aug 25, 2026Maduck SeanSee RemarksSale30,955$125.58$3.9MForm 4
Aug 18, 2026MAHONEY DAVID LDirectorSale103,606$118.25$12.3MForm 4
Aug 17, 2026Robb Gary CharlesChief Business OfficerSale10,000$116.26$1.2MForm 4
Aug 14, 2026Maduck SeanSee RemarksSale3,664$114.49$419.5KForm 4
Aug 14, 2026WILSON JAMES NDirectorSale10,000$111.42$1.1MForm 4
Aug 10, 2026Maduck SeanSee RemarksSale1,031$114.52$118.1KForm 4
Aug 10, 2026Guyer WilliamChief Development OfficerSale16,300$113.43$1.8MForm 4
Aug 4, 2026Guyer WilliamChief Development OfficerSale3,700$113.12$418.5KForm 4
Aug 3, 2026Maduck SeanSee RemarksSale20,305$114.70$2.3MForm 4
Aug 3, 2026Lyon Joseph DouglasSee RemarksSale1,540$114.16$175.8KForm 4
Jul 30, 2026Mokari AtabakChief Financial OfficerSale80,000$114.72$9.2MForm 4
Jul 15, 2026WILSON JAMES NDirectorSale10,000$88.30$883.0KForm 4
Jul 15, 2026Mokari AtabakChief Financial OfficerSale40,000$87.71$3.5MForm 4
Jul 7, 2026Guyer WilliamChief Development OfficerSale20,000$93.13$1.9MForm 4

All 205 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Joseph K. BelanoffM.D.,68$1.2M$15.3M74
2025Charles Robb,63$711.4K$6.4M74
2025William GuyerPharm.D.,$706.4K$6.3M74
2025Sean Maduck,49$648.9K$6.2M74
2025Atabak Mokari,49$566.3K$6.1M74
2024Chief Executive Officer and$1.1M$9.9M74
2024Chief Business Officer and$686.3K$4.1M74
2024Chief Development Officer$656.2K$4.0M74
2024President$626.1K$4.0M74
2024Chief Financial Officer and$546.3K$3.9M74
2023President$1.1M$9.3M74
2023Secretary$659.3K$4.0M74
2023Corcept Endocrinology$601.6K$3.9M74
2023Chief Development Officer$628.2K$3.9M74
2023Treasurer$524.3K$3.7M74

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.12,432,023$1.1B0.0%+280,747
Renaissance Technologies LLC5,261,628$457.5M0.6%−421,155
Vanguard Portfolio Management LLC5,044,638$438.6M0.0%+224,070
Vanguard Capital Management LLC4,172,482$362.8M0.0%+95,286
Parallel Advisors, LLC3,962,177$344.5M5.3%−15,227
Fmr LLC3,337,618$290.2M0.0%+147,426
State Street Corp3,279,381$285.2M0.0%+78,435
Aqr Capital Management LLC2,582,561$224.6M0.1%+2,176,356
Geode Capital Management, LLC2,532,198$220.2M0.0%−181,321
First Trust Advisors LP1,829,545$159.1M0.1%−343,831
Tang Capital Management LLC1,500,000$130.4M6.0%No change
UBS Group AG1,377,658$119.8M0.0%+13,990
Dimensional Fund Advisors LP1,318,821$114.7M0.0%−234,314
Charles Schwab Investment Management Inc1,157,580$100.7M0.0%+37,621
Morgan Stanley1,137,559$98.9M0.0%+118,714
D. E. Shaw & Co., Inc.883,001$76.8M0.0%−298,347
Cerity Partners LLC797,119$69.3M0.1%+65,430
Mpm Bioimpact LLC771,028$67.0M4.1%−214,672
Northern Trust Corp753,796$65.5M0.0%+110,638
Emerald Advisers, LLC748,325$65.1M1.5%+542,767
Fuller & Thaler Asset Management, Inc.710,106$61.7M0.2%New
Jacobs Levy Equity Management, Inc695,532$60.5M0.2%New
Vanguard Fiduciary Trust Co614,078$53.4M0.0%+23,771
Two Sigma Investments, LP610,078$53.0M0.0%−335,806
Goldman Sachs Group Inc568,519$49.4M0.0%−157,303

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Corcept Therapeutics is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCORCEPT THERAPEUTICS INC2
  • CIK0001088856
  • Employer ID (EIN)77-048765817
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inDelaware17
  • Fiscal year endsDecember 312
  • Industry code (SIC)2834 Pharmaceutical Preparations2
  • SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance2
  • Business address101 Redwood Shores Parkway, Redwood City, CA 940652
  • Phone650.688.88032
  • Shares outstanding108,098,397 as of Jul 22, 202615
  • Public float$6.1B as of Jun 30, 202517
  • AuditorErnst & Young LLP, San Mateo, California PCAOB ID 42; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceDec 21, 20012
  • Filings2,043 in all: 4 (1,081), 8-K (241), 144 (143), SC 13G/A (92), 10-Q (68), 3 (53), 5 (35), 424B3 (30)2
    All 46 form types

    DEF 14A (23), SC 13G (23), 10-K (22), SC 13D/A (21), CORRESP (20), EFFECT (19), S-8 (19), UPLOAD (19), 4/A (18), CT ORDER (13), S-8 POS (11), POS AM (9), S-3 (9), S-1/A (8), SCHEDULE 13G/A (8), SC TO-I/A (7), S-1 (5), SC 13D (5), 3/A (4), 424B5 (3), ARS (3), D (3), REGDEX (3), S-3/A (3), 10-K/A (2), 424B2 (2), 424B4 (2), 424B7 (2), 8-K/A (2), DEFA14A (2), PRE 14A (2), SC TO-I (2), 10-Q/A (1), 144/A (1), 5/A (1), 8-A12G (1), REGDEX/A (1), RW (1)

  • Latest filingsAnnual report (10-K) Feb 24, 2026
    Quarterly report (10-Q) Jul 29, 2026
    Proxy statement (DEF 14A) Apr 17, 2026
    Latest 8-K (8-K) Sep 23, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.001 par valueCORTNasdaq

From the cover page of the 10-K filed Feb 24, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks Corcept Therapeutics names in Item 1A of its 10-K filed Feb 24, 2026: 29 risks under these headings, as written.17

  • Risks Related to our Commercial Activities
  • Risks Related to our Research and Development Activities
  • Risks Related to our Intellectual Property
  • Risks Related to our Stock
  • General Risk Factors
  • Failure to generate sufficient revenue from the sale of our Products would harm our financial results and would likely cause our stock price to decline.
  • The availability of generic versions of Korlym could adversely affect our business, results of operations and financial position.
  • Public perception of mifepristone or legislation limiting or barring its distribution or use for termination of early pregnancy may limit our ability to sell our current Products.
  • New laws, government regulations, or changes to existing laws and regulations could make it difficult or impossible for us to obtain acceptable prices or adequate insurance coverage and reimbursement for our Products, which would adversely affect our results of operations and financial position.
  • We depend on vendors to manufacture the active pharmaceutical ingredient (“API”) and capsules or tablets for our commercialized products as well as our product candidates. We also depend on vendors to package our Products and dispense them to patients. If our vendors become unable or unwilling to perform these functions or are unable to meet demand for our Products and we cannot transfer these activities to other vendors in a timely manner, our business will be harmed.
  • Other companies offer medications that treat patients with hypercortisolism by mechanisms different than Korlym’s. The availability of such competing treatments could limit our product revenue.
  • Natural disasters, such as earthquakes, fires, extreme weather events or widespread outbreaks of a deadly disease, could disrupt our commercial and clinical activities or damage or destroy clinical trial sites, our office spaces, the residences of our employees or the facilities or residences of our vendors, contractors or consultants, which could significantly harm our operations.
The other 22 risks
  • If we are unable to maintain regulatory approval of our Products or if we fail to comply with other requirements, we will be unable to generate revenue and may be subject to penalties.
  • We may be subject to civil or criminal penalties if our marketing of our Products violates FDA regulations or health care fraud and abuse laws.
  • Vendors perform many of the activities necessary to carry out our clinical trials, including drug product distribution, trial management and oversight and data collection and analysis. Failure of these vendors to perform their duties or meet expected timelines may prevent or delay approval of our product candidates.
  • Our efforts to discover, develop and commercialize our product candidates may not succeed. Clinical drug development is lengthy, expensive and often unsuccessful. Results of early studies and trials are often not predictive of later trial results. Failure can occur at any time. Even if we deem that our product candidates’ clinical trial results demonstrate safety and efficacy, regulatory authorities may not agree. Failure to obtain or maintain regulatory approvals for our product candidates would prevent us from commercializing them.
  • Interim results from our clinical trials and preclinical studies that we announce or publish from time to time may change as more patient data become available and are subject to audit and verification procedures that could result in material changes in the final data.
  • We may be unable to obtain or maintain regulatory approvals for our Products or product candidates, which would prevent us from commercializing our product candidates.
  • Our Products and product candidates may cause undesirable side effects that halt their clinical development, prevent their regulatory approval, limit their commercial potential or cause us significant liability.
  • Risks Related to our Capital Needs and Financial Results
  • We may need additional capital to fund our operations or for strategic reasons. Such capital may not be available on acceptable terms or at all.
  • We may not be able to secure, maintain or effectively assert patent protection for the composition, manufacture, or methods of use of our proprietary, selective cortisol modulators and for the use of our Products to treat hypercortisolism. Litigation is slow and expensive and its outcome is uncertain and subject to challenge on appeal.
  • The price of our common stock fluctuates widely and is likely to continue to do so. Opportunities for investors to sell shares may be limited.
  • Our stock price may decline if our financial performance does not meet the guidance we have provided to the public, estimates published by research analysts or other investor expectations.
  • We have in the past and may in the future be subject to short selling strategies that may drive down the market price of our common stock and increase its volatility.
  • Actions by the federal government of the United States have created unprecedented legal, governmental, regulatory and economic uncertainty and risks that may adversely affect our business.
  • We need to increase the size of our organization and may experience difficulties in managing growth.
  • If we lose key personnel or are unable to attract more skilled personnel, we may be unable to pursue our product development and commercialization goals.
  • We are subject to regulations and other legal obligations relating to drug development and commercialization, the conduct of business as an issuer of publicly traded securities and individual privacy and data protection. Compliance with these obligations is complex and costly. Failure to comply could materially harm our business.
  • We rely on information technology to conduct our business. A breakdown or breach of our information technology systems or our failure to protect confidential information concerning our business, patients or employees could interrupt the operation of our business and subject us to liability.
  • Changes in federal, state and local tax laws may reduce our net earnings.
  • Research analysts may not continue to provide or initiate coverage of our common stock or may issue negative reports.
  • Any acquisition of Corcept shares through our stock repurchase program or, in certain cases, pursuant to the exercise of stock options, will reduce our cash reserves.
  • Anti-takeover provisions in our charter and bylaws and under Delaware law may make an acquisition of us or a change in our management more expensive or difficult, even if an acquisition or a management change would be beneficial to our stockholders.
  • Our officers, directors and principal stockholders, acting as a group, could significantly influence corporate actions.

Legal proceedings

Purported Securities Class Action

On February 20, 2026, a purported securities class action complaint was filed in the U.S. District Court for the Northern District of California by the Allegheny County Employees’ Retirement System (Allegheny County Employees’ Retirement System v. Corcept Therapeutics Incorporated, et al., Case No. 3:26-cv-1525). The complaint names Corcept and certain of its executive officers as defendants asserting violations of Sections 10(b) and 20(a) of the Exchange Act and Rule 10b-5 promulgated thereunder and alleges, among other things, that the defendants made or are responsible for making false and materially misleading statements and omissions regarding our NDA for our product candidate, relacorilant, as a treatment for patients with hypercortisolism. The complaint asserts a putative class period stemming from October 31, 2024, to December 30, 2025 and seeks damages, attorneys’ fees and costs and unspecified relief. We will vigorously defend ourselves against this lawsuit.

Teva Patent Litigation

In February 2018, we received a Paragraph IV Notice Letter advising that Teva Pharmaceuticals USA, Inc. (“Teva”) had submitted an Abbreviated New Drug Application (“ANDA”) to the FDA seeking authorization to manufacture and sell a generic version of Korlym prior to the expiration of patents related to Korlym that are listed in the FDA’s Approved Drug Products with Therapeutic Equivalence Evaluations (the “Orange Book”). In March 2018, we filed a lawsuit in the United States District Court for the District of New Jersey (“D.N.J.”) against Teva for infringement of our patents. In August 2020, Teva received final approval from the FDA for its ANDA in accordance with the Hatch-Waxman Act. And, in November 2020, the Patent Trial and Appeal Board (“PTAB”) issued a decision upholding the validity of U.S. Patent No. 10,195,214 (the “’214 patent”) in its entirety, which decision the Court of Appeals for the Federal Circuit upheld.

The opening of Item 3, Legal Proceedings.17

Sources

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  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
    SEC EDGAROther events
  54. 54
    SEC EDGAROther events
  55. 55
  56. 56
  57. 57
    SEC EDGAROther events
  58. 58
  59. 59
    SEC EDGAROther events
  60. 60
    SEC EDGAROther events
  61. 61
    SEC EDGAROther events
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74