cept Therapeutics rporated(CORT)
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cept Therapeutics rporated(CORT) - 2020 Q4 - Earnings Call Transcript
2021-02-09 03:56
Corcept Therapeutics Incorporated (NASDAQ:CORT) Q4 2020 Earnings Conference Call February 8, 2021 5:00 PM ET Company Participants Charlie Robb - Chief Financial Officer Joseph Belanoff - Chief Executive Officer Sean Maduck - Chief Commercial Officer Andreas Grauer - Chief Medical Officer Conference Call Participants Tazeen Ahmad - Bank of America Chris Howerton - Jefferies Swayampakula Ramakanth - H.C. Wainwright Matt Kaplan - Ladenburg Thalmann Alan Leong - BioWatch News Operator Ladies and gentlemen, than ...
cept Therapeutics rporated(CORT) - 2020 Q3 - Earnings Call Transcript
2020-11-07 14:10
Corcept Therapeutics Incorporated (NASDAQ:CORT) Q3 2020 Earnings Conference Call November 3, 2020 5:00 PM ET Company Participants Charlie Robb - Chief Financial Officer Joseph Belanoff - Chief Executive Officer Conference Call Participants Tazeen Ahmad - Bank of America Matt Kaplan - Ladenburg Thalmann Roger Song - Jefferies Swayampakula Ramakanth - H.C. Wainwright Alan Leong - BioWatch News Operator Good day, and welcome to the Corcept Therapeutics Conference Call. Today's call is being recorded. [Operator ...
cept Therapeutics rporated(CORT) - 2020 Q3 - Quarterly Report
2020-11-03 21:46
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ FORM 10-Q _______________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-50679 ________________ ...
cept Therapeutics rporated(CORT) - 2020 Q2 - Earnings Call Transcript
2020-08-05 02:52
Corcept Therapeutics, Inc. (NASDAQ:CORT) Q1 2020 Earnings Conference Call August 4, 2020 5:00 PM ET Company Participants Charlie Robb – Chief Financial Officer Joseph Belanoff – Chief Executive Officer Conference Call Participants Chris Howerton – Jefferies Matt Kaplan – Ladenburg Thalmann Swayampakula Ramakanth – H.C. Wainwright Alan Leong – BioWatch News Operator Good day, and welcome to the Corcept Therapeutics Conference Call. Today’s conference is being recorded. [Operator Instructions] At this time, I ...
cept Therapeutics rporated(CORT) - 2020 Q2 - Quarterly Report
2020-08-04 20:58
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ FORM 10-Q _______________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-50679 _____________________ ...
cept Therapeutics rporated(CORT) - 2020 Q1 - Earnings Call Transcript
2020-05-05 04:51
Corcept Therapeutics Incorporated (NASDAQ:CORT) Q1 2020 Earnings Conference Call May 4, 2020 5:00 PM ET Company Participants Joseph Belanoff - President and Chief Executive Officer Charlie Robb - Chief Financial Officer Conference Call Participants Charles Duncan - Cantor Fitzgerald Tazeen Ahmad - Bank of America Matt Kaplan - Ladenburg Thalmann Chris Howerton - Jefferies Swayampakula Ramakanth - H.C. Wainwrigh Alan Leong - BioWatch News Operator Good day, everyone and welcome to the Corcept Therapeutics Co ...
cept Therapeutics rporated(CORT) - 2020 Q1 - Quarterly Report
2020-05-04 21:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ FORM 10-Q _______________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-50679 ____________________ ...
cept Therapeutics rporated(CORT) - 2019 Q4 - Annual Report
2020-02-24 21:58
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-50679 CORCEPT THERAPEUTICS INCORPORATED (Exact Name of Corporation as Specified in Its Charter) Delaware 77-0487658 (State or other jurisdictio ...
cept Therapeutics rporated(CORT) - 2019 Q4 - Earnings Call Transcript
2020-02-21 01:42
Financial Data and Key Metrics Changes - Revenue for Q4 2019 was $87.9 million, a 32% increase from Q4 2018, and for the full year, revenue was $306.5 million, a 22% increase from 2018 [7][8] - GAAP net income for the year was $94.2 million and $29.4 million for Q4 2019, compared to $75.4 million and $22 million for the same periods in 2018 [8] - Non-GAAP net income was $133.3 million for the year and $40.3 million for Q4 2019, compared to $108.2 million and $30.4 million in 2018 [8] - Cash and investments increased by $48.4 million in Q4 to a total of $315.3 million at year-end [9] Business Line Data and Key Metrics Changes - The commercial team successfully increased the number of patients receiving Korlym each quarter, contributing to revenue growth [16] - The company expects continued growth in 2020, reaffirming revenue guidance of $355 million to $375 million [16][39] Market Data and Key Metrics Changes - The company is actively enrolling patients in the Phase III trial of relacorilant, with 54 sites opened across the U.S., Europe, and Israel [18] - The GRACE trial aims to demonstrate the efficacy and safety of relacorilant, with expected enrollment of 130 patients [18][20] Company Strategy and Development Direction - Corcept is focused on the development of proprietary selective cortisol modulators for various conditions, including Cushing's syndrome, solid tumors, and metabolic disorders [16][39] - The company plans to submit an NDA for relacorilant in Cushing's syndrome in Q4 2021 [18][40] - The GRADIENT trial will study relacorilant in patients with Cushing's syndrome caused by adrenal adenomas, aiming to improve care for this understudied group [19][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong financial position, which allows for the funding of development programs [16][39] - The management highlighted the importance of relacorilant's safety profile compared to Korlym, which has significant side effects [21][22] - The company anticipates that relacorilant will replace Korlym if it continues to demonstrate superior efficacy and safety [48] Other Important Information - The company is involved in ongoing patent litigation against Teva and Sun Pharmaceuticals regarding Korlym, with updates on legal proceedings expected [10][12] - The PTAB recently ruled in favor of Corcept regarding the validity of the '348 patent, which strengthens its position in ongoing litigation [14][15] Q&A Session Summary Question: What are the key triggers for revenue guidance? - Management indicated that pricing adjustments and the addition of new patients and prescribers will influence revenue guidance [44][46] Question: Will Korlym continue to be marketed if relacorilant is approved? - Management believes relacorilant will likely replace Korlym due to its superior profile if it replicates current results [47][48] Question: How should costs be expected to change in 2020? - Management expects a marginal increase in SG&A spending and a significant increase in R&D spending due to expanding trials [51][53] Question: What is the enrollment pace for the GRACE study? - Management noted that enrollment is dependent on the number of patients with the disease and the number of sites open for treatment [70][71] Question: What is the mechanism of action for miricorilant in treating NASH? - Management explained that cortisol modulation may help treat fatty liver disease, which is often a precursor to NASH [73] Question: What is the design of the pancreatic cancer trial? - The trial will have a single-arm phase followed by a randomized phase, focusing on patients in need of effective treatments [76][77]
cept Therapeutics rporated(CORT) - 2019 Q3 - Earnings Call Transcript
2019-11-09 00:26
Corcept Therapeutics Incorporated (NASDAQ:CORT) Q3 2019 Earnings Conference Call November 7, 2019 5:00 PM ET Company Participants Charlie Robb – Chief Financial Officer Joseph Belanoff – Chief Executive Officer Andreas Grauer – Chief Medical Officer Sean Maduck – Senior Vice President of Commercial Conference Call Participants Charles Duncan – Cantor Fitzgerald Adam Walsh – Stifel Chris Howerton – Jefferies Matt Kaplan – Thalmann Sean Kang – H.C. Wainwright Alan Leong – BioWatch News Operator Good day, and ...