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Corcept trades GR-II antagonist royalties for non-dilutive cash from Pharmakon

This article was originally published in Scrip

Executive Summary

Corcept Therapeutics has sold a total of $45 million worth of royalties for the recently launched Cushing's syndrome drug Korlym (mifepristone 300mg tablets) and any of its next-generation drugs in the same GR-II antagonist class to Pharmakon Advisors for $30 million.

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