Picture of Piper Sandler Companies logo

PIPR — Piper Sandler Companies News Story

0.000.00%
us flag iconLast trade - 00:00
FinancialsBalancedLarge CapSuper Stock

US FDA approves Crinetics' oral pill for rare hormone disorder

Sept 25 (Reuters) - The U.S. Food and Drug Administration approved Crinetics Pharmaceuticals' CRNX.O drug to treat a rare hormonal disorder on Thursday, making it the first once-daily oral pill available for patients in the country.

The drug, chemically known as paltusotine and to be sold under the brand name Palsonify, was approved to treat acromegaly, a rare condition in which the pituitary gland in the brain produces excess growth hormone, causing the bones, organs and other tissues to grow bigger. This is caused due to a tumor on the pituitary gland.

According to the U.S. National Institutes of Health, scientists estimate about 3 to 14 of every 100,000 people have been diagnosed as having acromegaly.

 (Reporting by Bageshri Banerjee, Sneha S K and Siddhi Mahatole in Bengaluru; Editing by Shailesh Kuber and Krishna Chandra Eluri)

 ((bageshri.banerjee@thomsonreuters.com;))

Recent news on Piper Sandler Companies

See all news