Investor Resources
Crinetics Pharmaceuticals Announces Proposed Public Offering of Common Stock
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.
SVB Leerink,
The securities described above are being offered by Crinetics pursuant to a shelf registration statement previously filed and declared effective by the
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of 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 relating to the offering, including the timing and size of the offering and the anticipated use of proceeds therefrom; the grant of the option to purchase additional shares; the potential to initiate a Phase 3 trial of paltusotine in acromegaly and the expected timing thereof; and the planned expansion of the paltusotine development program to include the treatment of carcinoid syndrome of patients with neuroendocrine tumors and the expected timing thereof. 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” 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 the risks and uncertainties associated with market conditions and the satisfaction of customary closing conditions related to the proposed public offering, the risks and uncertainties inherent in Crinetics’ business, including uncertainties related to the COVID-19 pandemic, which may disrupt the company’s business and that of the third parties on which it depends, delay or otherwise disrupt the company’s clinical trials and preclinical studies, manufacturing and supply chain, or impair employee productivity, and the other risks and uncertainties described in the company’s periodic filings with the
Contacts:
Chief Financial Officer
IR@crinetics.com
(858) 450-6464
Westwicke ICR
robert.uhl@westwicke.com
(858) 356-5932
Source: Crinetics Pharmaceuticals, Inc.