Crinetics Pharmaceuticals shares are trading higher after the company announced it will be acquired by Vertex Pharmaceuticals. HC Wainwright & Co and Baird raised their respective price targets on the stock.

CRINETICS PHARMACEUTICALS, INC.

CRINETICS PHARMACEUTICALS, INC.

CRNX

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Crinetics Pharmaceuticals shares are trading higher after the company announced it will be acquired by Vertex Pharmaceuticals. HC Wainwright & Co and Baird raised their respective price targets on the stock.