Shares of Crinetics Pharmaceuticals Inc. gained 65% premarket on Monday after the company announced positive results from a late-stage study of paltusotine,...
Shares of Crinetics Pharmaceuticals Inc.
gained 65% premarket on Monday after the company announced positive results from a late-stage study of paltusotine, its investigational treatment for acromegaly. The phase 3 trial met the primary endpoint and all secondary endpoints and no serious or severe adverse events were reported in patients receiving paltusotine for acromegaly, a rare disease that occurs when the body produces too much growth hormone.
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San Diego's Crinetics releases solid results for drug that treats deadly rare diseaseIf approved by the FDA, Paltusotine would be the company's first drug on the market. It treats a rare disorder caused by a tumor on a person's pituitary gland that causes the release of too much growth hormone.
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