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Crinetics Pharmaceuticals keeps 'Buy' rating after EU approval and strong US sales of Palsonify.

Analyst Insights
25 Jun 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Crinetics Pharmaceuticals maintains a 'Buy' rating due to the European Union's approval and strong initial sales of Palsonify in the U.S. for treating acromegaly. The company is also progressing with atumelnant, an oral ACTH receptor antagonist showing promising phase 2 results for congenital adrenal hyperplasia (CAH) and ACTH-dependent Cushing's syndrome. In Q1 2026, Palsonify generated $10.3 million in revenue, exceeding expectations, though the company has a limited cash runway of about 12 months. Ongoing late-stage trials and global regulatory efforts for both drugs support the investment outlook despite risks of dilution and execution challenges.

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