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Crinetics Pharmaceuticals, Inc. a clinical-stage pharmaceutical company focused on the discovery, development and commercialization of novel therapeutics for rare endocrine diseases and endocrine-related tumours. It was announced today that it has closed its announced underwritten follow-on offering of 4,562,044 shares of its common stock at a price to the public of $16.44 per share. The offering is expected to close on or about April 12, 2021, subject to the satisfaction of customary closing conditions. Crinetics intends to use the net proceeds from the proposed offering to fund the development of paltusotine and its other research and development programs and for working capital and general corporate purposes.
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