Successful Launch of PALSONIFY
The launch of PALSONIFY is proceeding well, with 95% of prescriptions filled by switch patients and some naive patients starting on therapy. The company plans to make PALSONIFY the first-line treatment for acromegaly.
Positive Reception from Healthcare Providers
PALSONIFY has been well received by both academic and community physicians. 95% of top priority prescribers have been contacted, with 70% of prescribers coming from the community setting.
Favorable Payer Feedback
Payers have been receptive to PALSONIFY, with prior authorizations being straightforward and some approvals for up to 12-month supplies. Coverage approvals are coming across commercial, Medicare, and Medicaid plans.
Strong Financial Position
Crinetics ended the quarter with $1.1 billion in cash, with guidance that existing cash and investments will be sufficient to fund operations into 2029.