Form 8-K · Current Report · Filed 2024-11-12
Crinetics Pharmaceuticals Reports Third Quarter 2024 Financial Results and Submits NDA for Paltusotine
Crinetics Pharmaceuticals, Inc. reported its financial results for the third quarter of 2024, revealing a net loss of $76.8 million for the quarter and $217.8 million for the year-to-date period. The company submitted a New Drug Application (NDA) for its investigational drug paltusotine for the treatment of acromegaly and completed a public offering of $575 million in common stock, significantly strengthening its balance sheet. Additionally, Crinetics is advancing multiple drug candidates through its pipeline, with plans to present data for its first nonpeptide drug conjugate candidate at an upcoming medical conference.
- Filer
- Crinetics Pharmaceuticals Inc. CRNX · NASDAQ
- Filed
- Accession
- 0000950170-24-125361
- CIK
- 0001658247
- Signal
- Low impactHealthcare
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
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Next session
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Since filing
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Precedent
Previous filings from CRNX reporting the same item, with the next session's move:
Exhibits (1)
About Crinetics Pharmaceuticals Inc.
Crinetics Pharmaceuticals Inc. is a biopharmaceutical company dedicated to the development of novel therapeutics for patients with endocrine conditions and other rare diseases. The primary focus of Crinetics is on crafting oral therapies that target hormone receptors, offering significant potential to transform the treatment landscape for several disorders. The company's pipeline includes investigational drugs such as paltusotine and CRN04894, aimed at addressing conditions like acromegaly and congenital adrenal hyperplasia, respectively. Crinetics combines cutting-edge drug discovery with an in-depth understanding of disease biology to impact the field of endocrinology substantially. By specializing in small molecules, Crinetics Pharmaceuticals seeks to provide new treatment options that enhance patient quality of life and address significant unmet medical needs. Headquartered in San Diego, California, the enterprise collaborates with academic institutions and industry partners to position its innovations at the forefront of medical advancement. Its work holds significant potential to influence the pharmaceutical industry, contributing to the expansion of targeted therapies within niche markets where few options currently exist.
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