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Biotech Fund Dumps $12.3 Million in Crinetics Stock as Shares Remain 19% Lower on the Year
The Motley Fool· 2025-11-27 18:23
Here’s what a complete fund exit reveals about sentiment toward one of biotech’s endocrine drug developers.MPM BioImpact fully exited its position in Crinetics Pharmaceuticals during the third quarter, a move disclosed in the fund’s November 14 SEC filing. The transaction reduced assets by approximately $12.3 million.What HappenedAccording to a filing with the Securities and Exchange Commission dated November 14, MPM BioImpact sold its entire holding of 428,975 shares in Crinetics Pharmaceuticals (CRNX +2.9 ...