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Stock impact report

JMP Backs Crinetics Pharmaceuticals, Inc. (CRNX) With Big Upside Post-Approval [Yahoo! Finance]

Crinetics Pharmaceuticals, Inc. (CRNX) 
Last crinetics pharmaceuticals, inc. earnings: 3/9 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
reaffirmed their ‘Market Outperform' rating on Crinetics Pharmaceuticals, Inc. (NASDAQ:CRNX), while raising the price target to $143 from $86, implying an upside potential of over 200% from the current levels. This confidence follows the company's successful approval of Palsonify. The firm notes that Palsonify, an oral SST2 agonist designed for acromegalic adults who aren't fit for surgery, receives a broad label without any safety red flags, highlighting not only the rapidity of response but also improvement in symptom severity. While JMP had a price guidance of $125,000, the drug is sold at a price of $290,000 annually, which is significantly higher than the projected amount. Is Crinetics Pharmaceuticals Inc. (CRNX) the Worst Performing Mid Cap Stock to Buy According to Analysts? That's not it. Crinetics Pharmaceuticals, Inc. (NASDAQ:CRNX) is seizing every possible opportunity for expansion. This includes a Phase 3 study for carcinoid syndrome, along with two Phase 3 trials fo Show less Read more
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