CRNX
Crinetics Pharmaceuticals, Inc. · Healthcare · Biotechnology
Last
$84.97
+$0.13 (+0.15%) 4:00 PM ET
Prev close $84.84
Open $84.96
Day high $85.01
Day low $84.92
Volume 3,728,408
Avg vol 2,682,987
Mkt cap
$9.01B
EV/Sales
212.48
P/E ratio
-17.96
FY Revenue
$42.16M
EPS
-4.73
Gross Margin
96.61%
Div yield
0.00%
Sector
Healthcare
AI report sections
CRNX
Crinetics Pharmaceuticals, Inc.
CRNX has recorded substantial medium-term price appreciation, with gains of 160.6% over three months and 115.1% over six months, placing the share price near its 52-week high. At the same time, an RSI near 90, negative MACD histogram, and reduced previous-day volume indicate a stretched short-term technical condition. Revenue expansion and a debt-free balance sheet contrast with large operating losses, negative free cash flow, and elevated sales-based valuation multiples.
AI summarized at 3:32 PM ET, 2026-08-31
AI summary scores
INTRADAY: 48 SWING: 58 LONG: 27
Volume vs average
Intraday (cumulative)
+296% (Above avg)
Vol/Avg: 3.96×
RSI
91.50 (Overbought)
Overbought (>70)
MACD momentum
Intraday
+0.00 (Strong)
MACD: -0.00 Signal: -0.00
Short-Term
-0.93 (Weak)
MACD: 2.54 Signal: 3.46
Long-Term
-1.12 (Weak)
MACD: 9.48 Signal: 10.61
Intraday trend score 68.94

Latest news

CRNX 12 articles Positive: 9 Neutral: 0 Negative: 3
Negative GlobeNewswire Inc. • Halper Sadeh Llc
Halper Sadeh LLC is Investigating Whether BZH, ACA, SYNA, CRNX are Obtaining Fair Deals for their Shareholders

Halper Sadeh LLC, an investor rights law firm, is investigating four companies for potential securities law violations and breaches of fiduciary duties related to their proposed acquisitions. The firm is examining whether shareholders are receiving fair consideration and whether insider benefits may be limiting superior competing offers. The investigations cover Beazer Homes' sale to Dream Finders Homes, Arcosa's sale to CRH, Synaptics' sale to onsemi, and Crinetics Pharmaceuticals' sale to Vertex Pharmaceuticals.

BZH ACA SYNA CRNX M&A investigation shareholder rights fiduciary duty securities law
Sentiment note

Under investigation for potential violations in cash acquisition by Vertex Pharmaceuticals; concerns about insider benefits and fair shareholder consideration

Positive The Motley Fool • Prosper Junior Bakiny
Vertex Just Paid $10 Billion for Crinetics. Here's Why Viking Therapeutics Could Be the Next Big Pharma Takeover Target

Following Vertex Pharmaceuticals' $10 billion acquisition of Crinetics, Viking Therapeutics emerges as a potential takeover target due to its promising weight-loss drug pipeline, particularly VK2735 in phase 3 trials. The anti-obesity market is projected to reach $190 billion by 2035, making it attractive for pharmaceutical giants seeking to acquire proven candidates rather than develop from scratch. However, Viking's stock carries significant risk tied to upcoming phase 3 data readouts.

VRTX VKTX LLY CRNX mergers and acquisitions biotech anti-obesity drugs weight-loss therapy
Sentiment note

Acquired by Vertex for $10 billion, validating the value of its endocrinology pipeline and providing shareholders with a significant exit opportunity.

Negative GlobeNewswire Inc. • Halper Sadeh Llc
Halper Sadeh LLC is Investigating Whether ESI, CRNX, SOLS are Obtaining Fair Deals for their Shareholders

Investor rights law firm Halper Sadeh LLC is investigating Element Solutions Inc, Crinetics Pharmaceuticals Inc, and Solstice Advanced Materials Inc for potential securities law violations and breaches of fiduciary duties related to their proposed mergers and acquisitions. The firm is examining whether insiders are receiving preferential benefits and whether transaction terms may limit competing offers.

ESI CRNX SOLS M&A investigation shareholder rights fiduciary duty securities law merger
Sentiment note

Company is under investigation for potential violations related to its $85 per share cash sale to Vertex Pharmaceuticals, with concerns about fair dealing and shareholder protections.

Positive The Motley Fool • David Jagielski, Cpa
Does Vertex's Acquisition of Crinetics Pharmaceuticals Make the Stock a No-Brainer Buy?

Vertex Pharmaceuticals announced a $10 billion acquisition of Crinetics Pharmaceuticals to expand beyond its cystic fibrosis focus into endocrine disease treatments. The deal could add up to $5 billion in annual revenue through approved drug Palsonify and pipeline candidate Atumelnant. While Vertex's stock initially fell post-announcement, the author suggests it could be a solid long-term buy given management's track record and enhanced growth prospects, despite the 29x trailing earnings valuation.

VRTX CRNX acquisition pharmaceutical endocrine diseases cystic fibrosis revenue growth drug pipeline
Sentiment note

Crinetics has promising assets including FDA-approved Palsonify for acromegaly and pipeline drug Atumelnant for congenital adrenal hyperplasia. The acquisition validates the company's value and provides access to Vertex's resources for further development and commercialization.

Positive The Motley Fool • Brett Schafer
Why This Pharmaceutical Stock Jumped Close to 100% This Week

Crinetics Pharmaceuticals stock surged 98% this week following Vertex Pharmaceuticals' announcement of a $10 billion acquisition deal. Crinetics, which recently had its first FDA-approved drug (Palsonify) for acromegaly treatment, is now trading just below the $85 per share acquisition price. The deal allows Vertex to diversify beyond its cystic fibrosis focus into rare diseases, with combined assets projected to generate $5 billion in annual revenue.

CRNX VRTX pharmaceutical acquisition stock surge FDA approval rare diseases acromegaly treatment business diversification
Sentiment note

Stock jumped 98% due to acquisition announcement at favorable $85/share price. Company achieved FDA approval for first drug (Palsonify) and demonstrated 300% returns over five years, indicating strong investor confidence and successful drug development.

Positive The Motley Fool • Adria Cimino
Vertex Pharmaceuticals Just Made a $10 Billion Move. Is the Stock a Buy?

Vertex Pharmaceuticals announced a $10 billion acquisition of Crinetics Pharmaceuticals to expand beyond its dominant cystic fibrosis portfolio into rare endocrine disorders. The deal provides access to Palsonify for acromegaly and a pipeline asset for congenital adrenal hyperplasia, potentially adding $5 billion in peak annual revenue. While the price is fair and strategically sound, results aren't expected until 2029, making it a long-term growth play for the biotech company.

VRTX CRNX MRNA acquisition biotech cystic fibrosis rare diseases pipeline expansion
Sentiment note

Being acquired by a larger, well-established biotech leader provides validation and resources for commercialization. Palsonify has shown strong early uptake as the first daily oral treatment for acromegaly, and the pipeline asset atumelnant has significant potential in treating serious endocrine disorders with unmet medical needs.

Negative GlobeNewswire Inc. • Halper Sadeh Llc
Halper Sadeh LLC is Investigating Whether CRNX, ESI, INVE, SLP are Obtaining Fair Deals for their Shareholders

Halper Sadeh LLC, an investor rights law firm, is investigating four companies for potential securities law violations and breaches of fiduciary duties related to their proposed acquisitions. The firm is examining whether shareholders are receiving fair consideration and whether insider benefits may be prioritized over ordinary shareholders' interests.

CRNX ESI INVE SLP shareholder rights acquisition investigation fiduciary duty securities law
Sentiment note

Under investigation for potential unfair deal terms in its $85.00 per share sale to Vertex Pharmaceuticals, with concerns about insider benefits and limited competing offers.

Positive Investing.com • Chris Markoch
Vertex’s Crinetics Deal Balances Growth with Integration Risk

Vertex Pharmaceuticals announced a $10 billion acquisition of Crinetics Pharmaceuticals at $85 per share, representing a 102% premium to the pre-announcement price. The deal aims to expand Vertex beyond its core cystic fibrosis business into rare disease therapeutics, with immediate revenue from FDA-approved PALSONIFY for acromegaly and Phase 3 candidate Atumelant for congenital adrenal hyperplasia. While analysts view the strategic fit positively, the deal presents integration risks and questions about pipeline depth.

VRTX CRNX CRSP acquisition biotech rare disease pipeline expansion cystic fibrosis
Sentiment note

Stock surged ~98% immediately after acquisition announcement at $85/share premium. Company has FDA-approved PALSONIFY showing strong demand and reimbursement coverage, plus advanced Phase 3 pipeline candidate Atumelant, making it an attractive acquisition target with de-risked assets.

Positive The Motley Fool • Eric Volkman
Vertex Is Paying a 102% Premium to Acquire Crinetics for $10 Billion. Here's Whether the Deal Is Worth It.

Vertex Pharmaceuticals is acquiring Crinetics Pharmaceuticals for $10 billion ($85 per share), representing a 102% premium. The deal gives Vertex access to Palsonify, an FDA-approved acromegaly treatment, and atumelnant, a late-stage Phase 3 drug candidate for congenital adrenal hyperplasia with potential multi-billion dollar sales potential. The analyst views the acquisition as worthwhile despite the high price tag.

VRTX CRNX BAC BACPB pharmaceutical acquisition Vertex Pharmaceuticals Crinetics Pharmaceuticals Palsonify
Sentiment note

Crinetics shareholders benefit from a 102% premium acquisition price at $85 per share. The company's recent FDA approval of Palsonify and promising pipeline candidates validate its value, making this a favorable exit for the company.

Positive GlobeNewswire Inc. • Crinetics Pharmaceuticals, Inc.
Crinetics Presents Full Results From Phase 2 Trial of Atumelnant in Congenital Adrenal Hyperplasia (CAH) in Oral Presentation at ENDO 2026

Crinetics Pharmaceuticals announced positive Phase 2 trial results for atumelnant, an oral ACTH receptor antagonist for treating congenital adrenal hyperplasia (CAH). The drug demonstrated sustained androgen reductions while enabling patients to lower glucocorticoid supplementation to physiologically normal levels. Additional Phase 1b/2a data in ACTH-dependent Cushing's syndrome showed rapid cortisol reduction. The company is advancing atumelnant into late-phase clinical development with Phase 3 trials already underway.

CRNX atumelnant congenital adrenal hyperplasia CAH ACTH receptor antagonist Phase 2 trial glucocorticoid reduction androgen reduction
Sentiment note

The company reported successful Phase 2 trial results showing atumelnant achieved primary efficacy endpoints with sustained androgen reductions and enabled significant glucocorticoid dose reduction in CAH patients. The drug was well-tolerated with no serious adverse events, and the company is advancing to late-phase development with Phase 3 trials already enrolling, indicating strong clinical progress and commercial potential.

Positive GlobeNewswire Inc. • Na
Crinetics Presents Long Term Data at ENDO 2026 Confirming PALSONIFY™ (paltusotine) Provides Durable, Consistent Acromegaly Control

Crinetics Pharmaceuticals announced long-term clinical data from PATHFNDR-1 and PATHFNDR-2 trials showing that PALSONIFY (paltusotine) maintains effective acromegaly control for up to two years with stable IGF-1 levels, symptom control, and pituitary tumor stabilization. Additional data demonstrated improved biochemical control when PALSONIFY is combined with cabergoline. The drug was well-tolerated with no new safety signals identified.

CRNX acromegaly PALSONIFY paltusotine clinical trial data IGF-1 levels somatostatin receptor agonist PATHFNDR trials
Sentiment note

Company presented robust long-term clinical data demonstrating durable efficacy and safety of its lead product PALSONIFY across multiple trials. Data shows consistent disease control across all three key metrics (IGF-1 levels, symptoms, tumor volume) with minimal adverse events and low discontinuation rates, supporting the drug's commercial potential and recent FDA/EMA approvals.

Positive GlobeNewswire Inc. • Crinetics Pharmaceuticals
Crinetics’ Paradigm-Shifting Portfolio and Pipeline on Display at ENDO 2026 with Six Presentations

Crinetics Pharmaceuticals announced it will present six abstracts at the Endocrine Society's Annual Meeting (ENDO 2026) in June, including oral presentations featuring long-term efficacy and safety data for PALSONIFY (paltusotine) in acromegaly and Phase 2 results for investigational ACTH receptor antagonist atumelnant in congenital adrenal hyperplasia and Cushing's syndrome. The company also reported Q1 2026 net product revenue of $10.3 million for PALSONIFY with 232 enrollment forms.

CRNX PALSONIFY paltusotine atumelnant acromegaly congenital adrenal hyperplasia Cushing's syndrome ENDO 2026
Sentiment note

The company is presenting multiple clinical trial abstracts at a major medical conference, demonstrating continued development progress for its lead product PALSONIFY which has already received FDA and EMA approvals. Q1 2026 revenue of $10.3 million and 232 enrollment forms indicate commercial traction. Positive clinical data presentations and expansion of pipeline candidates (atumelnant) suggest strong momentum in the company's endocrine disease focus area.

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