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Stock impact report

Why Crinetics Pharmaceuticals Stock Was Sliding on Friday [Yahoo! Finance]

Crinetics Pharmaceuticals, Inc. (CRNX) 
Last crinetics pharmaceuticals, inc. earnings: 3/9 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
They didn't meet analyst expectations, but there was good news in the update. 10 stocks we like better than Crinetics Pharmaceuticals › The stock of biotech Crinetics Pharmaceuticals (NASDAQ: CRNX) wasn't ending the trading week on a high note. In late-session action on Friday, the company's share price was down by more than 8% on a quarterly earnings report that clearly wasn't impressing the market. By comparison, the benchmark S&P 500 index was underwater by only 1.1% at that point. Gearing up for commercialization For its third quarter, Crinetics earned $143,000 in revenue, derived fully from a licensing agreement with Japanese pharmaceutical company Sanwa Kagaku Kenkyusho. The deal with the company's Asian peer covers Crinetics' acromegaly treatment paltusotine (brand name: Palsonify ), which was approved by the U.S. Food and Drug Administration (FDA) in late September. Image source: Getty Images. On the bottom line, Crinetics' net loss according to generally accepted Show less Read more
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