Global Hunter Securities Initiates Coverage on Corcept Therapeutics. (CORT) with a Buy

August 19, 2010 8:48 AM EDT Send to a Friend
Get Alerts CORT Hot Sheet
Price: $1.85 +2.21%

Rating Summary:
    5 Buy, 3 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 18 | New: 13
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Global Hunter Securities initiates coverage on Corcept Therapeutics. (Nasdaq: CORT) with a Buy rating. PT $5.

Global analyst says, "CORLUX – a potentially effective treatment option with a clean mechanism of action. We believe Corlux has therapeutic value in lowering cortisol levels in Cushing’s patients. Its MOA is well understood as an antagonist of the GR-II receptor, one of two receptors to which cortisol binds to initiate the cascade of events needed in response to stressful stimuli. Compared to other therapeutic agents like ketoconazole, CORLUX may be better tolerated, which may yield greater efficacy."

To see all the upgrades/downgrades on shares of CORT, visit our Analyst Ratings page.

Corcept Therapeutics Incorporated (Corcept) is a pharmaceutical company engaged in the discovery and development of drugs for the treatment of severe metabolic and psychiatric disorders.


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