Crinetics announces positive long-term data for PALSONIFY in acromegaly, showing stable IGF-1 control and reduced symptom burden.
Quiver AI Summary
Crinetics Pharmaceuticals, Inc. announced new favorable data regarding its investigational drug PALSONIFY (paltusotine) for treating acromegaly, which will be presented at the Endocrine Society’s Annual Meeting, ENDO 2025. The data from long-term open-label extensions of the PATHFNDR-1 and PATHFNDR-2 studies show that PALSONIFY was well tolerated and effectively maintained stable IGF-1 levels over extended periods. Additionally, patients reported reduced symptom severity and flare rates. Following a switch from injectable treatments to PALSONIFY, participants demonstrated significant improvements in symptom control, with substantial reductions in daily exacerbations. The drug's potential as a next-generation treatment option is underscored by these findings, with the PDUFA date for PALSONIFY's regulatory review approaching.
Potential Positives
- Data from the PATHFNDR-1 and PATHFNDR-2 studies demonstrate that PALSONIFY maintains stable IGF-1 levels, indicating effective long-term biochemical control for acromegaly patients.
- Patient-reported symptom burden significantly decreased, showcasing PALSONIFY's potential to improve quality of life for acromegaly patients by reducing symptom severity and flare rates.
- The upcoming PDUFA date for PALSONIFY indicates that the company is progressing toward a potential product launch, which could enhance its market position in treating acromegaly.
- Crinetics is positioned as a leader in innovative oral therapeutics for endocrine diseases, with PALSONIFY being the first once-daily oral option for acromegaly, highlighting its commitment to advancing patient care in this field.
Potential Negatives
- Despite reports of PALSONIFY being well tolerated, there may still be skepticism surrounding the safety and efficacy of the drug based on the reliance on interim analysis data and the potential for future data to contradict these findings.
- The press release includes multiple forward-looking statements that outline risks and uncertainties surrounding clinical development and regulatory approval, which may raise concerns among investors about the drug's future.
- The reference to geopolitical events potentially disrupting the company's business could signal vulnerability in their operations, which may affect investor confidence.
FAQ
What is PALSONIFY (paltusotine)?
PALSONIFY is an investigational once-daily oral medication for managing acromegaly and carcinoid syndrome associated with neuroendocrine tumors.
How did PALSONIFY perform in clinical studies?
PALSONIFY maintained stable IGF-1 levels, reduced symptom burden, and was generally well tolerated in clinical trials PATHFNDR-1 and PATHFNDR-2.
What benefits does PALSONIFY offer patients with acromegaly?
PALSONIFY provides durable biochemical control, sustained improvement in symptoms, and a convenient oral dosing option compared to injectable treatments.
When will more data about PALSONIFY be presented?
New data from PATHFNDR studies will be presented at the Endocrine Society’s Annual Meeting, ENDO 2025, on July 13 and July 14, 2025.
How can I contact Crinetics Pharmaceuticals for more information?
You can reach Crinetics’ communications team via email at [email protected] or call (858) 345-6075 for media inquiries.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CRNX Congressional Stock Trading
Members of Congress have traded $CRNX stock 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $CRNX stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 2 purchases worth up to $30,000 on 04/17, 01/29 and 0 sales.
- REPRESENTATIVE JOSH GOTTHEIMER sold up to $15,000 on 03/19.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$CRNX Insider Trading Activity
$CRNX insiders have traded $CRNX stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.
Here’s a breakdown of recent trading of $CRNX stock by insiders over the last 6 months:
- STEPHEN F. BETZ (Chief Scientific Officer) has made 0 purchases and 3 sales selling 103,253 shares for an estimated $3,339,230.
- RICHARD SCOTT STRUTHERS (President & CEO) has made 0 purchases and 2 sales selling 17,338 shares for an estimated $593,016.
- DANA PIZZUTI (Chief Med and Dev Officer) has made 0 purchases and 3 sales selling 7,515 shares for an estimated $281,371.
- JEFF E. KNIGHT (Chief Operating Officer) has made 0 purchases and 2 sales selling 7,162 shares for an estimated $244,963.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CRNX Hedge Fund Activity
We have seen 115 institutional investors add shares of $CRNX stock to their portfolio, and 128 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 5,103,183 shares (+57.2%) to their portfolio in Q1 2025, for an estimated $171,160,757
- POINT72 ASSET MANAGEMENT, L.P. removed 2,010,541 shares (-72.1%) from their portfolio in Q1 2025, for an estimated $67,433,545
- VESTAL POINT CAPITAL, LP added 1,500,000 shares (+inf%) to their portfolio in Q1 2025, for an estimated $50,310,000
- LORD, ABBETT & CO. LLC removed 724,625 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $24,303,922
- JANUS HENDERSON GROUP PLC added 629,001 shares (+22.5%) to their portfolio in Q1 2025, for an estimated $21,096,693
- FRANKLIN RESOURCES INC removed 628,385 shares (-39.5%) from their portfolio in Q1 2025, for an estimated $21,076,032
- EVENTIDE ASSET MANAGEMENT, LLC removed 609,014 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $20,426,329
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$CRNX Analyst Ratings
Wall Street analysts have issued reports on $CRNX in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- HC Wainwright & Co. issued a "Buy" rating on 06/27/2025
- Stifel issued a "Buy" rating on 03/25/2025
- Citizens Capital Markets issued a "Market Outperform" rating on 02/28/2025
- Jefferies issued a "Buy" rating on 01/22/2025
To track analyst ratings and price targets for $CRNX, check out Quiver Quantitative's $CRNX forecast page.
$CRNX Price Targets
Multiple analysts have issued price targets for $CRNX recently. We have seen 4 analysts offer price targets for $CRNX in the last 6 months, with a median target of $70.5.
Here are some recent targets:
- Douglas Tsao from HC Wainwright & Co. set a target price of $81.0 on 06/27/2025
- Alex Thompson from Stifel set a target price of $60.0 on 03/25/2025
- Jonathan Wolleben from Citizens Capital Markets set a target price of $91.0 on 02/28/2025
- Dennis Ding from Jefferies set a target price of $55.0 on 01/22/2025
Full Release
Data show that PALSONIFY was well tolerated and IGF-1 levels remained stably controlled during long-term open label extensions of PATHFNDR-1 and PATHFNDR-2 studies
Additional PALSONIFY presentations demonstrate reductions in patient-reported symptom burden, including both symptom severity and rates of symptom flares
SAN DIEGO, July 13, 2025 (GLOBE NEWSWIRE) -- Crinetics Pharmaceuticals, Inc. (Nasdaq: CRNX) today announced new data from its clinical development program evaluating once-daily, oral investigational PALSONIFY TM (paltusotine) in acromegaly will be presented in several oral and poster presentations at the Endocrine Society’s Annual Meeting, ENDO 2025. Notably, open-label extension (OLE) data from both the pivotal PATHFNDR-1 and PATHFNDR-2 trials will be featured in two presentations, showing the long-term clinical profile of PALSONIFY in people with acromegaly.
“With once-daily, oral PALSONIFY’s PDUFA date quickly approaching, we’re excited to see a growing body of data that continues to underscore its potential as the next generation of care for people living with acromegaly,” said Scott Struthers, Ph.D., Founder and Chief Executive Officer of Crinetics. “Building on the remarkable Phase 3 trial results from the PATHFNDR studies that we’ve presented at ENDO previously, the new long-term data we’re showcasing this year provide further evidence of PALSONIFY’s ability to deliver durable IGF-1 control, sustained improvements in patient symptom burden, and a consistent safety profile.”
PATHFNDR-1 Open-Label Extension (OLE) Study
The PATHFNDR-1 Phase 3 trial enrolled adults with acromegaly who were biochemically controlled on monthly injectable somatostatin receptor ligands (SRLs). Following a 36-week randomized, placebo-controlled period, 53 of 58 participants (91%) entered the ongoing single-arm open-label extension. An interim analysis includes data through Week 96 of total study participation (60 weeks in the OLE).
- In patients who transitioned from injected SRLs to once-daily oral PALSONIFY, mean insulin-like growth factor 1 (IGF-1) levels remained stable with IGF-1 (mean ± SE) of 0.93 ± 0.22 at OLE baseline and 0.81 ± 0.21 times the upper limit of normal (ULN) at Week 96, demonstrating durable biochemical control over this time span.
- Growth hormone (GH) levels were also stable, with mean values of 1.0 ± 1.0 ng/mL at baseline and 1.1 ± 1.2 ng/mL at Week 96.
- Symptom control, as measured by the Acromegaly Symptom Diary (ASD)—a seven-item daily patient-reported outcome assessing core acromegaly symptoms such as headache, joint pain, sweating, fatigue, and soft tissue swelling—also remained stable at Week 96.
- PALSONIFY was generally well tolerated.
These results will be included in an oral presentation titled “Disease Control in Patients With Acromegaly Switching From Injected Somatostatin Receptor Ligands to Once-Daily Oral Paltusotine: Interim Results of the PATHFNDR-1 Open-Label Extension,” taking place July 13 from 2:45-3:00 PM PT.
PATHFNDR-2 OLE Study
The PATHFNDR-2 trial is a randomized, double-blind, placebo-controlled Phase 3 study evaluating once-daily oral PALSONIFY in adults with biochemically uncontrolled acromegaly (baseline IGF-1 > 1.3 × ULN). After a 24-week RC period, 103 of 106 completers (97.2%) entered the ongoing OLE, along with 11 additional patients who were eligible for the RC phase but enrolled directly into the OLE after the completion of RC phase enrollment. This interim analysis includes efficacy data from 88 patients through Week 84 (corresponding to 60 weeks in the OLE), with safety data reported for all 114 enrolled.
- Patients who had received placebo during the RC phase experienced sustained reductions in IGF-1, with a mean change from baseline of –0.81 × ULN at Week 84 (n=39). Direct-to-OLE participants (n=9) showed similar reductions (–0.75 × ULN), while those who had been treated with PALSONIFY during the RC phase (n=40) maintained control (mean change –0.01 × ULN).
- GH, ASD symptom scores and pituitary tumor size were durably controlled over the study period.
-
PALSONIFY was generally well tolerated.
These results will be included in a poster presentation titled “Once-Daily Oral Paltusotine in the Treatment of Patients with Biochemically Uncontrolled Acromegaly: Interim Results of the PATHFNDR-2 Open-Label Extension,” taking place July 14, from 12:00 PM – 1:30 PM PT.
Additional data presented at ENDO 2025 highlighted the impact of PALSONIFY on symptom burden in acromegaly. A pooled analysis of ASD scores from PATHFNDR-1 and PATHFNDR-2 showed that greater proportions of patients treated with PALSONIFY experienced less acromegaly symptom burden compared to placebo, regardless of the magnitude of the symptom effect, treatment history, or state of biochemical disease control. In an analysis of PATHFNDR-1 data, biochemically controlled patients switching from injected SRLs to PALSONIFY saw a significant drop in day to day symptom exacerbations – from over 30% of days on SRLs to just 6.2% during stable PALSONIFY dosing (p < 0.0001). All presentations will be posted on Crinetics.com at the time of the presentation.
About
PALSONIFY™
(
Paltusotine)
Crinetics’ lead development candidate, PALSONIFY, is the first investigational once-daily, oral, selectively-targeted somatostatin receptor type 2 (SST2) nonpeptide agonist that has completed Phase 3 clinical development for acromegaly and is in Phase 3 clinical development for carcinoid syndrome associated with neuroendocrine tumors. It was designed to be a once-daily oral option for the control of acromegaly and carcinoid syndrome. In Phase 3 studies, once-daily, oral PALSONIFY maintained IGF-1 levels and symptom control in patients with acromegaly who were switched from monthly injectable medications (PATHFNDR-1) and rapidly decreased IGF-1 levels and symptom burden in medically untreated acromegaly patients (PATHFNDR-2). IGF-1 is the primary biomarker endocrinologists use to manage acromegaly patients. Results from a Phase 2 study in carcinoid syndrome demonstrated rapid and sustained reductions in flushing episodes and bowel movement frequency, which are the most common symptoms of carcinoid syndrome, leading to the initiation of a Phase 3 trial for control of carcinoid syndrome in patients with neuroendocrine tumors.
About Crinetics Pharmaceuticals
Crinetics Pharmaceuticals is a clinical stage pharmaceutical company focused on the discovery, development, and commercialization of novel therapeutics for endocrine diseases and endocrine-related tumors. Crinetics’ lead development candidate, PALSONIFY (paltusotine), is the first investigational once-daily, oral, selective somatostatin receptor type 2 (SST2) nonpeptide agonist that is in clinical development for acromegaly and carcinoid syndrome associated with neuroendocrine tumors. Atumelnant is currently in development for congenital adrenal hyperplasia and ACTH-dependent Cushing’s syndrome. All of the company’s drug candidates are orally delivered, small molecule, new chemical entities resulting from in-house drug discovery efforts, including additional discovery programs addressing a variety of endocrine conditions such as hyperparathyroidism, polycystic kidney disease, Graves’ disease (including thyroid eye disease), diabetes, obesity and GPCR-targeted oncology indications.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this press release are forward-looking statements, including statements regarding the plans and timelines for the clinical development of atumelnant and
PALSONIFY
, including the therapeutic potential and clinical benefits or safety profile thereof; the expected timing of the PDUFA target action date for our NDA submission to the FDA and of a potential EMA decision for our MAA for
PALSONIFY
for the treatment or maintenance of treatment of acromegaly in the United States and other applicable jurisdictions, and the plans and timelines for the commercial launch
PALSONIFY
if approved; and the therapeutic potential for our development candidates. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “upcoming” or “continue” or the negative of these terms or other similar expressions. These forward-looking statements speak only as of the date of this press release and are subject to a number of risks, uncertainties and assumptions, including, without limitation, initial or topline data that we report may change following completion or a more comprehensive review of the data related to the clinical studies and such data may not accurately reflect the complete results of a clinical study, and the FDA and other regulatory authorities may not agree with our interpretation of such results; geopolitical events may disrupt Crinetics’ business and that of the third parties on which it depends, including delaying or otherwise disrupting its clinical studies and preclinical studies, manufacturing and supply chain, or impairing employee productivity; the success of Crinetics’ clinical studies and nonclinical studies; regulatory developments in the United States and foreign countries; clinical studies and preclinical studies may not proceed at the time or in the manner expected, or at all; the timing and outcome of research, development and regulatory review is uncertain, and Crinetics’ drug candidates may not advance in development or be approved for marketing; and the other risks and uncertainties described in the Company’s periodic filings with the Securities and Exchange Commission (SEC). The events and circumstances reflected in the company’s forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements. Additional information on risks facing Crinetics can be found under the heading “Risk Factors” in Crinetics’ periodic filings with the SEC, including its annual report on Form 10-K for the year ended December 31, 2024 and quarterly report on Form 10-Q for the quarter ended March 31, 2025. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by applicable law, Crinetics does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.
Contact:
Media:
Natalie Badillo
Head of Corporate Communications
[email protected]
(858) 345-6075
Investors:
Gayathri Diwakar
Head of Investor Relations
[email protected]
(858) 345-6340