earnings
confidence high
sentiment neutral
materiality 0.70
Crinetics Q3 net loss $130.1M; PALSONIFY launched for acromegaly after FDA approval
Crinetics Pharmaceuticals, Inc.
2025-Q3 EPS reported
-$3.66
revenue$1,535,000
- PALSONIFY (paltusotine) approved by FDA Sept 25 for first-line acromegaly; ~95% of top-priority HCP targets called, ~50% of filled prescriptions reimbursed.
- Q3 2025 net loss $130.1M vs $76.8M YoY; R&D $90.5M (+46%), SG&A $52.3M (+102%) driven by launch and pipeline.
- Cash, equivalents and investments $1.1B; cash burn guidance $340-370M for 2025; runway into 2029.
- Phase 3 CAREFNDR (carcinoid syndrome) and Phase 3 CALM-CAH (CAH) expected to start Q4 2025; Phase 1/2 CRN09682 also Q4.
- TSHR antagonist program shifted to alternative candidate; SST3 IND postponed after preclinical data.