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Crinetics Pharma (CRNX) Flies 35% Higher on FDA Approval of Acromegaly Drug
Yahoo Finance· 2025-09-29 22:54
Core Insights - Crinetics Pharmaceuticals, Inc. (NASDAQ:CRNX) experienced a significant stock increase of 35.39% week-on-week following FDA approval of its drug treatment for acromegaly [1][2]. Company Developments - The FDA officially approved Crinetics' drug, Palsonify, which targets adults with acromegaly who have had inadequate responses to surgery or for whom surgery is not an option [3]. - The approval was based on data from the PATHFNDR-1 and PATHFNDR-2 Phase 3 pivotal trials, which demonstrated rapid onset, reliable biochemical control, and sustained efficacy [3]. - Crinetics is also pursuing a marketing authorization application with the European Union for Palsonify, expected to be approved by next year [4]. - The company has partnered with Japanese firm Sanwa Kagaku Kenkyusho (SKK) to develop and commercialize paltusotine for acromegaly in Japan [4].
Is Crinetics Pharmaceuticals Stock a Buy?
The Motley Fool· 2025-09-28 12:30
Core Insights - Crinetics Pharmaceuticals has received FDA approval for its drug Palsonify, which could validate its $4.3 billion valuation or reveal it as overpriced [2][3] - The stock surged 28% following the FDA approval, but the market's expectations may be overly optimistic given the limited patient population [3][6] Market Opportunity - If Crinetics captures 50% market share, it could generate approximately $800 million in net revenue from 5,500 patients [5] - Analysts project peak sales could exceed $1 billion globally, with potential for additional revenue from carcinoid syndrome and international markets [8][11] Pricing Strategy - Palsonify is priced at $290,000 annually, which could lead to net revenue per patient dropping to around $175,000 to $200,000 after discounts [10] - The pricing strategy presents both opportunities and vulnerabilities, as it is significantly higher than typical treatments [10] Competitive Landscape - Palsonify is the first once-daily oral treatment for acromegaly, but competition exists from other therapies, including Chiesi's Mycapssa [12][13] - Established injectable therapies may continue to dominate due to physician conservatism in treating rare diseases [13] Financial Considerations - Crinetics is investing in its pipeline, which may lead to continued losses despite the launch of Palsonify [14] - The company needs to achieve commercial success quickly to fund its development programs without diluting shareholder value [14] Volatility and Risk - The approval has reduced some risks, but the company remains vulnerable to execution failures that could lead to significant stock price drops [15] - If Palsonify achieves around $1.2 billion in global peak sales, the stock could potentially double, depending on market conditions and pipeline progress [16]
Crinetics: FDA Approval And Expansion Of Palsonify In Focus, Maintaining 'Buy' Rating
Seeking Alpha· 2025-09-26 21:00
Group 1 - The article discusses the Biotech Analysis Central service, which provides in-depth analysis of pharmaceutical companies and offers a model portfolio of small and mid-cap stocks [1][2] - The service includes over 600 biotech investing articles and live chat features to assist healthcare investors in making informed decisions [2] - A promotional offer is available for new subscribers, including a two-week free trial and a discounted annual subscription price [1] Group 2 - The author of the article has no current stock or derivative positions in any mentioned companies and does not plan to initiate any within the next 72 hours [3] - The article expresses the author's personal opinions and is not compensated beyond the Seeking Alpha platform [3] - Seeking Alpha clarifies that past performance does not guarantee future results and that the views expressed may not reflect the platform's overall stance [4]
First Tellurium Responds to OTC Markets Request on Recent Promotional Activity
Thenewswire· 2025-09-26 21:00
Core Viewpoint - First Tellurium Corp. has been requested by OTC Markets Group to address recent promotional activities related to its common shares traded on the OTCQB market [1] Group 1: Promotional Activities - OTC Markets informed the Company about promotional activities, including digital marketing materials distributed by Small Cap Canada, which highlighted the Company's tellurium-based technologies and target markets [2] - The Company engaged Hillside Consulting and Media Inc. for marketing services from September 22 to 26, 2025, paying $20,000 plus taxes for digital marketing services, including SEO and content creation [3] - The marketing materials were reviewed by management prior to dissemination, and the Company believes no statements were materially false or misleading [4] Group 2: Trading Volume and Investor Interest - The Company noted that promotional activities coincided with an increase in trading volume, but it attributes the initial increase to press releases issued on September 4 and September 18, 2025 [5] - The Company does not have an opinion on whether the promotional activity was a significant cause of further increases in trading volume, as multiple factors influence trading [5] Group 3: Insider Transactions and Compliance - An internal inquiry revealed that only Tyrone Docherty, the President and CEO, purchased 650,000 shares in the past 90 days, with all insider transactions publicly disclosed as per Canadian regulations [6] - The Company has engaged various third-party service providers for marketing and promotional services over the last twelve months, including Hillside Consulting and Media Inc. [7] Group 4: Securities Issuance - The Company has not issued shares or convertible securities at a discount to market prices, complying with applicable regulations [8][9] Group 5: Business Model - First Tellurium's business model focuses on generating revenue through mineral discovery, project development, and the development of tellurium-based technologies [10]
Crinetics Pharma Surges After FDA OKs Its Treatment For Growth Disorder
Investors· 2025-09-26 20:22
Core Insights - Crinetics Pharmaceuticals' stock surged 27.9% after the FDA approved its acromegaly drug, Palsonify, which is expected to become the standard of care for an under-treated population [1][3][4] Pricing and Market Expectations - Palsonify is priced at $290,000 per year, significantly higher than the expected $80,000, indicating a strong market positioning [2] - Analysts expect a gradual launch as patients navigate the healthcare system to consult with physicians [3][5] Competitive Landscape - Existing treatments for acromegaly include injectable hormones from companies like Novartis and Ipsen, but analysts predict these legacy drugmakers may reduce support for older drugs, allowing Crinetics to gain market share [4] - Crinetics has deployed approximately 80 commercial personnel, including experienced sales representatives, to support the launch [5] Launch Strategy - The company plans to begin taking orders immediately, with shipments expected to start in October, although the initial launch may be slow due to the need for formulary placements [5] - Analysts maintain an outperform rating on Crinetics stock, with a price target of $80 [4][6]
Crinetics Pharmaceuticals, BlackBerry, Perpetua Resources And Other Big Stocks Moving Higher On Friday - Robo.ai (NASDAQ:AIIO), Aquestive Therapeutics (NASDAQ:AQST)
Benzinga· 2025-09-26 14:23
Group 1 - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by over 200 points on Friday [1] - Crinetics Pharmaceuticals, Inc. saw a significant stock price increase of 23.7%, reaching $44.41, following FDA approval of PALSONIFY [1] - Baird and JMP Securities raised their price targets for Crinetics Pharmaceuticals [1] Group 2 - Aquestive Therapeutics, Inc. stock rose by 21.2% to $6.38 [3] - Perpetua Resources Corp. increased by 18% to $22.43 after providing an update on securing the American antimony supply chain [3] - Robo.ai Inc. gained 14% to $2.77 [3] - Quantum Computing Inc. saw a 13% increase to $23.15 [3] - SkyWater Technology, Inc. shares jumped 12% to $17.23 [3] - Scholar Rock Holding Corporation surged 10.8% to $38.23, despite receiving a Complete Response Letter from the FDA regarding its treatment for spinal muscular atrophy [3] - Avino Silver & Gold Mines Ltd. gained 9.2% to $5.24 [3] - New Found Gold Corp. rose 9.1% to $2.3347, confirming high-grade core in its sampling program [3] - Gorilla Technology Group Inc. increased by 7% to $20.10 after signing a $1.4 billion deal for AI data centers in Southeast Asia [3] - BlackBerry Limited rose 6.6% to $4.9596 after reporting better-than-expected second-quarter EPS and sales, along with raising its FY2026 adjusted EPS guidance [3] - Carpenter Technology Corporation increased by 6.6% to $247.84 [3]
美股异动 | Crinetics(CRNX.US)盘初暴涨23% FDA批准其生长激素紊乱治疗方案
Zhi Tong Cai Jing· 2025-09-26 14:13
Core Insights - Crinetics Pharmaceuticals (CRNX.US) shares surged 23% to a new 8-month high of $44.30 following FDA approval for its drug to treat acromegaly, a rare condition caused by excess growth hormone [1] Company Summary - The FDA approved Crinetics' drug named Palsonify, which is an oral treatment taken once daily [1] - The approval was based on data from two Phase 3 trials, which demonstrated good drug tolerability and provided rapid and consistent biochemical control along with symptom relief [1] - The company anticipates that Palsonify will be launched in the U.S. in early October [1]
Crinetics(CRNX.US)盘初暴涨23% FDA批准其生长激素紊乱治疗方案
Zhi Tong Cai Jing· 2025-09-26 14:09
Core Viewpoint - Crinetics (CRNX.US) shares surged 23% to a new 8-month high of $44.30 following FDA approval of its drug for acromegaly, a rare disease caused by excess growth hormone production [1] Company Summary - The approved drug, named Palsonify, is an oral treatment taken once daily [1] - The company anticipates the drug will be available in the U.S. market by early October [1] - The FDA approval was based on data from two Phase 3 trials, which demonstrated good drug tolerability and provided rapid and consistent biochemical control along with symptom relief [1]
Crinetics Pharmaceuticals, Inc. - Special Call
Seeking Alpha· 2025-09-26 05:57
Core Viewpoint - The company has received FDA approval for PALSONIFY, marking a significant milestone in its product development and potential market entry [2]. Group 1: Company Overview - The call includes key executives such as the CEO, Chief Medical and Development Officer, and Chief Commercial Officer, indicating a strong leadership presence for the discussion [2]. - A slide deck and press release related to the FDA approval are available on the company's website, demonstrating transparency and communication with investors [3]. Group 2: Future Outlook - The company will be making forward-looking statements during the call, suggesting a focus on future growth and strategic direction following the FDA approval [3].
Crinetics Pharmaceuticals, Inc. (CRNX) Special Call - Slideshow (NASDAQ:CRNX) 2025-09-25
Seeking Alpha· 2025-09-26 01:32
Group 1 - The article does not provide any specific content related to a company or industry [1]