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Stock impact report

Crinetics Pharmaceuticals Inc (CRNX) Q3 2024 Earnings Call Highlights: Strategic Advances and ... [Yahoo! Finance]

Crinetics Pharmaceuticals, Inc. (CRNX) 
Last crinetics pharmaceuticals, inc. earnings: 3/9 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Crinetics Pharmaceuticals Inc ( NASDAQ:CRNX ) has submitted its first NDA for paltusotine, a next-generation therapy for acromegaly, and anticipates FDA filing notification in December. The company is preparing for the anticipated launch of paltusotine by building commercial capabilities and engaging with payers for formulary placement. Crinetics Pharmaceuticals Inc ( NASDAQ:CRNX ) has a strong financial position with approximately $1.4 billion in cash and investments, projected to fund operations into 2029. The company is advancing a robust pipeline with multiple candidates, including CRN 9,682, a novel nonpeptide drug conjugate for cancer treatment. Positive results from a phase two study for carcinoid syndrome were reported, with plans to start a phase three trial on schedule. There were no revenues for the quarter ended September 30, 2024, compared to $0.3 million for the same period in 2023. Research and development expenses increased to $61.9 million for the quarter Show less Read more
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