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Stock impact report

Is Crinetics Pharmaceuticals Stock a Buy? [Yahoo! Finance]

Crinetics Pharmaceuticals, Inc. (CRNX) 
Last crinetics pharmaceuticals, inc. earnings: 3/9 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
At a $290,000 annual list price, peak sales projections range from $800 million to $1.5 billion, though reaching even 50% market penetration could take years. The stock surged 28% on approval news to $45.91, but commercial execution risks and payer pushback on pricing could derail the revenue ramp Wall Street expects. 10 stocks we like better than Crinetics Pharmaceuticals › Crinetics Pharmaceuticals (NASDAQ: CRNX) faces the ultimate biotech paradox: Its newly approved drug Palsonify could either justify the stock's $4.3 billion valuation or expose it as dangerously overpriced. The U.S. Food and Drug Administration (FDA) approval on Sept. 25 transforms this clinical-stage company into a commercial powerhouse with the first once-daily oral treatment for acromegaly. Wall Street's thinking big. The stock surged 28% on the news. But with only 11,000 diagnosed patients in America and a lofty $290,000 annual price tag, can this rare disease drug actually deliver the returns investo Show less Read more
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