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CRNX - Crinetics Pharma raises $75M via equity offering
Crinetics Pharmaceuticals Inc.
Crinetics Pharmaceuticals (CRNX) has priced its public offering of ~4.6M common shares at $16.44/share, for expected gross proceeds of ~$75M. Net proceeds will be used to fund the development of paltusotine and other R&D programs, for working capital and general corporate purposes. SVB Leerink is acting as sole bookrunning manager.Closing date is April 12.