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Sign InCorcept Therapeutics (NASDAQ: CORT) has received U.S. Food and Drug Administration (FDA) approval for its new drug Lifyorli (relacorilant). The treatment is characterized as a first-of-its-kind therapy specifically for platinum-resistant epithelial ovarian cancer when used in combination with nab-paclitaxel. Following the announcement, Corcept (CORT) shares jumped in the market as investors reacted positively to the regulatory milestone. Lifyorli works as a selective glucocorticoid receptor antagonist, designed to modulate the effects of cortisol in patients. This approval marks a significant breakthrough for the company, offering a new therapeutic option for a particularly difficult-to-treat form of cancer. Analysts expect the commercial launch to drive substantial revenue growth for the biotechnology firm in the coming periods.