Corcept Therapeutics Stock Drops After Losing Patent Appeal to Teva
Corcept Therapeutics shares fell sharply to $29.71 in morning trading, following a Federal Circuit ruling affirming no patent infringement by Teva's generic version of Korlym.
Corcept Therapeutics shares fell sharply to $29.71 in morning trading, following a Federal Circuit ruling affirming no patent infringement by Teva's generic version of Korlym.
Traws Pharma stock dropped 23% today after the FDA placed a clinical hold on its monthly flu prevention pill due to mutagenicity concerns. Positive COVID drug results couldn’t offset the news.
Raymond James upgrades Chewy stock to Outperform with a $28 target, calling the 33% drop since Q3 an attractive risk/reward setup thanks to low expectations and strong 2026 growth potential.
Kinetik Holdings, a major pipeline operator in the Delaware Basin, is exploring a sale after interest from Occidental-backed Western Midstream. This comes as surging natural gas demand fuels more energy deals.
Klarna smashed its first-ever billion-dollar quarter with 38% revenue growth and huge US & banking gains. Despite the $26M net loss, the company is rapidly turning payments users into full banking customers.
Wayfair beat revenue and adjusted profit forecasts but missed on reported losses due to debt costs — shares fell in premarket despite strong customer growth.