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Free Business Templates for PowerPoint and Google Slides
Make your business presentations stand out with these free templates. Perfect for your next pitch, data analysis and ideas.
Download them to use with PowerPoint or edit them in Google Slides and start creating!
Formal B&W free PowerPoint Template and Google Slides Theme Ever feel like you just need a clean slate to get your ideas down? This simple black and white presentation template is perfect for those times. With its classic look, it won’t distract from your content, allowing you to focus on structuring your thoughts […]
Simple and Formal Black & White free presentation template.
Looking to create a modern and engaging marketing presentation? Check out this free flat design marketing template for PowerPoint and Google Slides! This template utilizes a flat and clean aesthetic with geometric shapes and an orange and purple color scheme. It’s perfect for grabbing your audience’s attention and presenting your […]
Flat design Marketing Analysis template, free for PPT and Google Slides.
Launching a new business is exciting! But crafting the perfect introduction to potential customers can take time. This pre-designed template can help you quickly showcase your new venture. This template is easy to customize with your information, logos and images, allowing you to create a professional brochure in no time. […]
Business Brochure / School Newsletter free template for Google Slides and PPT.
Make a lasting impression on your audience with this free and professional PowerPoint template and Google Slides theme. This template has a clean and modern design and features a peach color accent that you can modify easily to match your brand colors or preferences. Whether you’re preparing for a captivating […]
Formal peach free ppt template and Google Slides theme.
Nail your next business pitch without the design fuss! Grab attention with this sleek, minimalist theme for PowerPoint and Google Slides. Let your content shine with clean layouts and minimal distractions. With this free template you can focus on the message: Highlight key points, data, and visuals without overwhelming your audience. A […]
Pitch with Confidence: Free minimalist theme for a powerful business presentation.
Elevate Your Presentations with Earthy Elegance and Sophistication with this free PowerPoint Template and Google Slides Theme. Beth is a stunning free template for Google Slides and PowerPoint, featuring a soothing palette of earthy tones, organic shapes, and leaves. The template is designed to exude a sense of natural elegance […]
Beth, elegant and versatile free template.
A free PowerPoint and Google Slides template with retro lines and a grunge background. Rigel is a simple yet versatile PowerPoint and Google Slides template that is perfect for your next professional presentation. The template features a modern blue and green color scheme that can be easily customized to match […]
Rigel, retro lines free template.
Simple and Professional free PowerPoint Template and Google Slides Theme This simple and professional template is the definition of minimalism. If what you are looking for is simplicity and just a touch of color, this is the perfect presentation template whether if you are a PowerPoint user or a Google […]
Simple & Professional free powerpoint and google slides template.
My Portfolio free PowerPoint Template and Google Slides Theme A simple and elegant template to present your portfolio or business idea in a chic way. It has many placeholders for images to showcase your products and its design features simple lines and a few stars. Download it today and conquer […]
My Portfolio, free Google Slides and PowerPoint template.
Free PowerPoint template and Google Slides theme. Non linear interactive business presentation theme. This template can be used for a business presentation, to prepare a lesson with different chapters or even as a weekly planner renaming each section as days of the week. To use it for a business presentation, […]
Formal presentation template with interactive menu.
Free PowerPoint template and Google Slides theme. Free colorful presentation template. Bauhaus is perfect for introducing multiple presenters right from the start. Select the pictures on the first slide and replace them for yours and your colleagues. Use a tool such as remove. bg to remove their background and then […]
Bauhaus, multiple presenters template.
Free PowerPoint template and Google Slides theme. Free presentation theme for webinars or professional developments sessions. If you are preparing your next webinar or if you are planning an online PD session, Camille free template for Google Slides or PowerPoint is a fantastic option. Camille is simple, a bit formal, […]
Camille, PD presentation template.
Free Template for PowerPoint and Google Slides Presentations Norris Well, this one is no Chuck, but I bet it can cause the same impact! Perfect for presentations about technology, cybersecurity, cloud computing, servers or communications. If you need the accent color to match your brand, or if you just want to […]
Norris Free Template for Google Slides or PowerPoint Presentations
Free Template for PowerPoint or Google Slides Presentations Hobart Hobart free template for Google Slides or PowerPoint has a clean design, perfect for your next professional presentation. Get your slides ready in no time and successfully communicate your message in your next meeting. Colors can be modified to match your brand […]
Hobart Free Formal Template for Google Slides or PowerPoint Presentations
Free Template for PowerPoint and Google Slides Presentations Lloyd Lloyd is inspired by editorial design and it’s perfect for a business presentation or your next conference. We chose blue because it produces a calming effect and it’s often associated with depth and stability. It symbolizes trust, loyalty, wisdom, confidence and […]
Lloyd Free Presentation template for Google Slides or PowerPoint
Explore our extensive collection of 38 business PowerPoint and Google Slides templates , designed to help you create polished, professional presentations.
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Business presentation templates
Create engaging business presentations in minutes with these flexible templates — they are free to use and extremely easy to customize.
Corporate Presentation Templates
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Presentation templates
Captivate your audience with customizable business presentation templates. whether you're pitching clients, wooing investors, or showing off your latest wins, there are presentation templates that'll suit your next meeting..
Free slide templates for presentations
Presentation decks can make or break your speech—don't risk boring or unprofessional slides distracting from your message. Set yourself up for success with free, eye-catching presentation templates that don't require graphic design skills to use. Whether you're pitching to investors or sharing a class project, using presentation templates allows you to focus on the content of your work without worrying about the design. Explore presentation templates for pitch decks, annual reviews, and conference slides, and get ready to wow your audience. Choose a presentation template and customize it with your business's branding and logo. If you work in a creative field, don't shy away from bold designs and vivid colors . Presentation templates offer versatile options for personalizing—get creative by customizing your template or opt for adding your own text to existing designs. When you use a template at your next meeting, you'll turn a simple presentation into an opportunity to impress. To make presenting even easier, you can download your template in a variety of formats, like PowerPoint and PDF, or share it digitally with your colleagues.
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FAQs About Corporate & Business Presentation Templates
What are corporate and business presentation templates.
Corporate and Business Presentation Templates are professionally designed presentations that can be used to communicate your corporate or business ideas. These templates come equipped with specific slides to present business models, financials, analysis, marketing strategies, and more.
They are user-friendly and customizable enabling you to present your business information in an organized and aesthetically pleasing way. Depending on your business industry and needs, you can choose from a variety of different styles, designs and formats.
Why should I use Corporate and Business Presentation Templates?
Templates save time and effort as they are pre-designed and pre-formatted. Not everyone has the skills or time to design from scratch. Corporate and Business Presentation Templates are professional, consistent, and visually pleasing. They help in conveying your business message effectively.
They ensure your presentations are standardized and brand aligned too. Plus, customizable templates allow you to add your unique touch to fit your brand identity which leaves a lasting impression on your audience.
What should a quality Business Presentation Template include?
A good business presentation template should consist of various essential elements. These could include a cover slide, company introduction slide, mission and vision slides, team slides, project description, timeline, charts and graphs for data visualization, future plans, and contact details.
Depending on the nature of the presentation, it may also include product slides, competitive analysis, marketing and sales data, financial forecasts, case studies, customer testimonials, and Q&A slides, etc. A high-quality template will be flexible and versatile allowing you to customise the content as per your needs.
How customizable are Corporate and Business Presentation Templates?
Most Corporate and Business Presentation Templates are highly customizable. They're designed to allow users to change various elements, including but not limited to, colors, fonts, images, backgrounds and layouts. You can add or remove slides, adjust design elements, and integrate multimedia if desired.
The degree of customization may vary depending on the platform or software you're using. Certain templates might be more rigid in design, while others off a high degree of flexibility. It's essential to select a template that fits your needs, brand identity, and the message you wish to convey.
Where can I find Corporate and Business Presentation Templates?
There are numerous online platforms that offer a wide variety of Corporate and Business Presentation Templates. Sites like PowerPoint, Google Slides, Canva, GraphicRiver, SlideModel, and many more provide templates for different industries, themes, and business purposes.
Apart from these, there are also specialized platforms like Prezi, Slidebean or Visme, that not only offer templates but also tools and plugins to enhance your presentation. However, availability may depend on what software you are using and might require a certain subscription plan.
Home PowerPoint Templates Business PowerPoint Templates Business Corporate Presentation Template
Business Corporate Presentation Template
The Business Corporate Presentation Template is a company profile and portfolio presentation designed to enhance corporate presentations and corporate business presentation. With the help of this business corporate template, the companies can deliver a professional outlook of their organizational culture in their corporate presentation slides. The modern slide designs not only save time but also give elegant graphical content, making it an ideal choice for a corporate presentation ppt.
These visually appealing slides get maximum audience attention in corporate presentations, helping them to relate the presenter’s words to PowerPoint graphics . It is a 17 slides layout providing topics to introduce the business to potential stakeholders and competitors in corporate presentation design. The order of these topics enables viewers to learn about the company’s agenda, its team, services, and offered solutions. These include:
- A welcome message with a cover slide
- Agenda slide
- Company profile
- Slides to present your Vision & Mission
- Services offered
- Multiple Slides to Present a SWOT Analysis
- Company overview with world map
- Our services slide
- Quote slide
- Thank you slide
The Business Corporate Presentation Template contains infographics icons, high-quality images, and creative shape designs, making it perfect for corporate presentations and corporate business presentation. These corporate slides are attention-grabbing layouts for basic information about the company, answering questions like “Who we are?” and “What do we do?”. The first slide of the corporate PowerPoint shows the high-resolution image of the suspension bridge, which can be used to portray a long-term project timeline in corporate presentation slides. Further slides display two content layouts displaying the creative placement of images. A company profile, for instance, shows a skyscraper image in three shape segments. The users can replace this image with another by selecting the image, right-clicking, and going to the shape format option. Under the shape-fill options, they can choose a picture or texture fill, providing flexibility in corporate presentation design.
The business presentation template of the corporate profile contains a collection of infographic icons and shapes, making it an essential tool for corporate presentations and corporate business presentations. These icons help to represent various business and management terms effectively, such as using an eye and mountain for vision and mission. Similarly, for the services slide, icons like a briefcase and dartboard can be used. Furthermore, companies can use this corporate PowerPoint template as an introduction on their website and other mediums. It can be seamlessly combined with other slides and presentation templates from this site to create cohesive and impactful corporate presentations and corporate business presentations.
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McKesson Corporation Reports Fiscal 2024 Fourth Quarter and Full Year Results
May 07, 2024
Fourth Quarter Highlights:
- Consolidated revenues of $76.4 billion increased by 11%.
- Earnings per diluted share from continuing operations of $6.02 increased $0.31.
- Adjusted Earnings per Diluted Share of $6.18 decreased by 14%.
Full Year Highlights:
- Consolidated revenues of $309.0 billion increased by 12%.
- Earnings per diluted share from continuing operations of $22.39 decreased $2.66.
- Adjusted Earnings per Diluted Share of $27.44 increased by 6%.
- Cash flow from operations of $4.3 billion and Free Cash Flow of $3.6 billion.
Fiscal 2025 Outlook:
- Fiscal 2025 Adjusted Earnings per Diluted Share guidance range of $31.25 to $32.05 indicates 14% to 17% forecasted growth compared to the prior year.
- The Company does not forecast GAAP earnings per diluted share from continuing operations 1 .
IRVING, Texas, May 7, 2024 - McKesson Corporation (NYSE:MCK) today announced results for the fourth quarter and fiscal year ended March 31, 2024.
Fiscal 2024 Fourth Quarter and Full Year Result Summary
McKesson reported fourth quarter results, marking the close to a strong fiscal 2024, underpinned by continued momentum across the enterprise, said Brian Tyler, chief executive officer. The results underscore the execution against our company priorities, differentiated capabilities within the oncology and biopharma services platforms, and the sustained strength of our core distribution businesses. We continue to leverage the breadth and depth of our assets, delivering meaningful outcomes for our customers, partners, patients, and communities. I want to thank all McKesson employees for their efforts, dedication, and contributions.
Looking ahead to fiscal 2025, we are well-positioned to further expand on the extensive range of our assets and capabilities, execute against our strategic initiatives, foster sustainable growth, and create long-term value for all stakeholders, said Mr. Tyler. We are excited about the opportunities ahead as we advance health outcomes for all.
Fourth quarter revenues were $76.4 billion, an increase of 11% from a year ago. Revenue increases were primarily driven by growth in the U.S. Pharmaceutical segment, resulting from increased prescription volumes, including higher volumes from specialty products, retail national account customers, and GLP-1 medications.
Fourth quarter earnings per diluted share from continuing operations was $6.02 compared to $5.71 a year ago, an increase of $0.31. Full year earnings per diluted share from continuing operations was $22.39 compared to $25.05 a year ago, a decrease of $2.66.
Fourth quarter Adjusted Earnings per Diluted Share was $6.18 compared to $7.19 a year ago, a decrease of 14%, driven by a higher tax rate, partially offset by a lower share count and growth in the U.S. Pharmaceutical segment. Full year Adjusted Earnings per Diluted Share was $27.44 compared to $25.94 a year ago, an increase of 6%, led by growth in the U.S. Pharmaceutical and Prescription Technology Solutions segments and a lower share count, partially offset by higher corporate expenses.
For the full year, McKesson returned $3.3 billion of cash to shareholders, which included $3.0 billion of common stock repurchases and $314 million of dividend payments. During the fiscal year, McKesson generated cash from operations of $4.3 billion, and invested $687 million in capital expenditures, resulting in Free Cash Flow of $3.6 billion.
Business Highlights
- In the past year, McKesson’s CoverMyMeds business helped patients save more than $8.8 billion on brand and specialty medications, helped to prevent 10.7 million prescriptions from being abandoned due to affordability challenges, and helped patients access their medicine more than 94 million times.
- The Sarah Cannon Research Institute joint venture announced a collaboration with AstraZeneca aimed at advancing innovative technology and operational synergies to enhance the delivery of oncology clinical trials.
- McKesson launched a pilot initiative aimed at advancing health equity in underserved communities. Avondale, Ohio was selected as the first activation site to support access to essential pharmacy services and help tackle healthcare disparities.
- Named by Fortune as one of America’s Most Innovative Companies.
- Recognized by Newsweek as one of America's Greatest Workplaces for Women in 2024.
- Recognized by DiversityComm Media as a 2024 Best of the Best Top Women Employer.
U.S. Pharmaceutical Segment
Fourth Quarter
- Revenues were $68.8 billion, an increase of 12%, driven by increased prescription volumes, including higher volumes from specialty products, retail national account customers, and GLP-1 medications.
- Segment Operating Profit was $1.1 billion. Adjusted Segment Operating Profit was $901 million, an increase of 5%, driven by growth in the distribution of specialty products to providers and health systems and increased contributions from our generics program.
- Revenues were $278.7 billion, an increase of 16%, driven by increased prescription volumes, including higher volumes from specialty products, retail national account customers, and GLP-1 medications.
- Segment Operating Profit was $2.8 billion. Adjusted Segment Operating Profit was $3.3 billion, an increase of 7%, driven by growth in the distribution of specialty products to providers and health systems and increased contributions from our generics program.
Prescription Technology Solutions Segment
- Revenues were $1.2 billion, flat to the prior year, driven by growth in the technology services business, offset by lower contributions from the third-party logistics business.
- Segment Operating Profit was $188 million. Adjusted Segment Operating Profit was $212 million, a decrease of 3%, driven by higher investments and expenses to support future growth across the biopharma services platform.
- Revenues were $4.8 billion, an increase of 9%, driven by increased prescription volumes in the technology services and third-party logistics businesses.
- Segment Operating Profit was $835 million. Adjusted Segment Operating Profit was $837 million, an increase of 23%, driven by higher demand for access solutions, principally prior authorization services led by increased prescription volumes.
Medical-Surgical Solutions Segment
- Revenues were $2.8 billion, an increase of 6%, driven by growth in the primary and extended care businesses, including higher volumes of illness season testing, partially offset by lower contribution from kitting, storage, and distribution of ancillary supplies for the U.S. government’s COVID-19 vaccine program.
- Segment Operating Profit was $213 million. Adjusted Segment Operating Profit was $248 million, flat to the prior year, driven by lower contribution from kitting, storage, and distribution of ancillary supplies for the U.S. government’s COVID-19 vaccine program, offset by growth in the primary and extended care businesses, including higher volumes of illness season testing.
- Revenues were $11.3 billion, an increase of 2%, driven by growth in the primary and extended care businesses, partially offset by lower contribution from kitting, storage, and distribution of ancillary supplies for the U.S. government’s COVID-19 vaccine program.
- Segment Operating Profit was $952 million. Adjusted Segment Operating Profit was $1.0 billion, a decrease of 12%, driven by lower contribution from kitting, storage, and distribution of ancillary supplies for the U.S. government’s COVID-19 vaccine program, partially offset by growth in the primary and extended care businesses.
International Segment
- Revenues were $3.5 billion, an increase of 6%, driven by higher pharmaceutical distribution volumes in the Canadian business.
- Segment Operating Profit was $70 million. Adjusted Segment Operating Profit was $94 million, an increase of 18%, driven by higher pharmaceutical distribution volumes in the Canadian business.
- Revenues were $14.1 billion, a decrease of 31%, driven by Fiscal 2023 divestitures within McKesson’s European business.
- Segment Operating Profit was $319 million. Adjusted Segment Operating Profit was $378 million, a decrease of 24%, driven by Fiscal 2023 divestitures within McKesson’s European business.
Fiscal 2025 Outlook
McKesson does not provide forward-looking guidance on a GAAP basis as the Company is unable to provide a quantitative reconciliation of forward-looking Non- GAAP measures to the most directly comparable forward-looking GAAP measure, without unreasonable effort. McKesson cannot reasonably forecast LIFO inventory-related adjustments, certain litigation loss and gain contingencies, restructuring, impairment and related charges, and other adjustments, which are difficult to predict and estimate. These items are generally uncertain and depend on various factors, many of which are beyond the company’s control, and as such, any associated estimate and its impact on GAAP performance could vary materially.
McKesson continues its focused execution on company priorities, leveraging its assets and capabilities to drive sustainable growth. McKesson anticipates Fiscal 2025 Adjusted Earnings per Diluted Share of $31.25 to $32.05 reflecting continued operating momentum, a strong financial position, and a balanced approach to capital deployment.
Additional modeling considerations will be provided in the earnings call presentation.
Conference Call Details
McKesson has scheduled a conference call for today, Tuesday, May 7th at 4:30 PM ET to discuss the company’s financial results. The audio webcast of the conference call will be available live and archived on McKesson’s Investor Relations website at investor.mckesson.com.
Upcoming Investor Event
McKesson management will be participating in the following investor conference:
- BofA Securities 2024 Healthcare Conference, May 16, 2024
The audio webcast, and a complete listing of upcoming events for the investment community, including details and updates, will be available on McKesson’s Investor Relations website.
Non- GAAP Financial Measures
GAAP refers to the U.S. generally accepted accounting principles. This press release includes GAAP financial measures as well as Non- GAAP financial measures, including Adjusted Gross Profit, Adjusted Operating Expenses, Adjusted Other Income, Adjusted Interest Expense, Adjusted Income Tax Expense, Adjusted Earnings, Adjusted Earnings per Diluted Share, Adjusted Segment Operating Profit, Adjusted Segment Operating Profit Margin, Adjusted Corporate Expenses, Adjusted Operating Profit, FX-Adjusted results and Free Cash Flow which are financial measures not calculated in accordance with GAAP . Refer to the Supplemental Non- GAAP Financial Information section of the accompanying financial statement tables for the definitions and usefulness of the Company’s Non- GAAP financial measures and the attached schedules for reconciliations of the differences between the Non- GAAP financial measures and their most directly comparable GAAP financial measures.
Cautionary Statements
This earnings release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may be identified by their use of terminology such as believes, expects, anticipates, may, will, should, seeks, approximately, intends, projects, plans, estimates, targets, or the negative of these words or other comparable terminology. The discussion of financial outlook, guidance, trends, strategy, plans, assumptions, expectations, commitments, intentions, and the potential impact of new relationships or initiatives may also include forward-looking statements. Readers should not place undue reliance on forward-looking statements, such as financial performance forecasts, which speak only as of the date they are first made. Except to the extent required by law, we undertake no obligation to update or revise our forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, or implied. Although it is not possible to predict or identify all such risks and uncertainties, we encourage investors to read the risk factors described in our publicly available filings with the Securities and Exchange Commission and news releases.
These risk factors include, but are not limited to: we experience costly and disruptive legal disputes and settlements, including regarding our role in distributing controlled substances such as opioids; we might experience losses not covered by insurance or indemnification; we are subject to frequently changing, extensive, complex, and challenging healthcare and other laws; we from time to time record significant charges from impairment to goodwill, intangibles, and other long-lived assets; we experience cybersecurity incidents that might significantly compromise our technology systems or might result in material data breaches; we may be unsuccessful in achieving our strategic growth objectives; we are impacted by customer purchase reductions, contract non-renewals, payment defaults, and bankruptcies; our contracts with government entities involve future funding and compliance risks; we might be harmed by changes in our relationships or contracts with suppliers; our use of third-party data is subject to limitations that could impede the growth of our data services business; we might be adversely impacted by healthcare reform such as changes in pricing and reimbursement models; we might be adversely impacted by competition and industry consolidation; we are adversely impacted by changes or disruptions in product supply and have had difficulties in sourcing or selling products due to a variety of causes; we might be adversely impacted as a result of our distribution of generic pharmaceuticals; we might be adversely impacted by changes in the economic environments in which we operate; changes affecting capital and credit markets might impede access to credit, increase borrowing costs, and disrupt banking services for us and our customers and suppliers and might impair the financial soundness of our customers and suppliers; we might be adversely impacted by changes in tax legislation or challenges to our tax positions; we might be adversely impacted by events outside of our control, such as widespread public health issues, natural disasters, political events and other catastrophic events; we may be adversely affected by global climate change or by legal, regulatory, or market responses to such change; and governance issues and regulations, including those related to social issues, climate change, and sustainability, and stakeholder response thereto may have an adverse effect on our business, financial condition, and results of operations and damage our reputation.
About McKesson Corporation
McKesson Corporation is a diversified healthcare services leader dedicated to advancing health outcomes for patients everywhere. Our teams partner with biopharma companies, care providers, pharmacies, manufacturers, governments, and others to deliver insights, products and services to help make quality care more accessible and affordable. Learn more about how McKesson is impacting virtually every aspect of healthcare at McKesson.com and read Our Stories.
Tables and full text of earnings release also available for viewing and download in PDF format: McKesson Reports Fiscal 2024 Fourth-Quarter Results (PDF, 431 KB).
1 See below under "Fiscal 2025 Outlook" for full explanation 2 Reflects continuing operations attributable to McKesson, net of tax 3 Adjusted results in this earnings release are non- GAAP financial measures; refer to the accompanying definitions, reconciliation schedules, and Schedule 2
Rachel Rodriguez Investors 469-2660-0556 [email protected]
Media Relations [email protected]
- Crinetics Pharmaceuticals-stock
- News for Crinetics Pharmaceuticals
Crinetics Pharmaceuticals Reports First Quarter 2024 Financial Results and Provides Business Update
Late-Breaking Presentations of Initial Results From Phase 2 Studies of Atumelnant ( CRN 0 4894 ) in Congenital Adrenal Hyperplasia and ACTH-Dependent Cushing’s Syndrome Will be Presented at ENDO June 1-4, 2024
Following Second Positive Phase 3 Study (PATHFNDR-2), Paltusotine NDA Submission in Acromegaly Expected in 2H 2024
Following Positive Phase 2 Data, Plan to Initiate Paltusotine Phase 3 Study in Carcinoid Syndrome by End of 2024
Management Hosting Conference Call at 4:30 p.m. ET Today
SAN DIEGO, May 09, 2024 (GLOBE NEWSWIRE) -- Crinetics Pharmaceuticals, Inc. (Nasdaq: CRNX), a clinical stage pharmaceutical company focused on the discovery, development and commercialization of novel therapeutics for endocrine diseases and endocrine-related tumors, today reported financial results for the first quarter ended March 31, 2024.
“Building on the positive momentum from the first PATHFNDR readout in 2023, Crinetics began 2024 with continued strong performance. Our lead investigational compound, paltusotine, delivered positive data from two consecutive late-stage clinical trials in acromegaly and carcinoid syndrome. With our pivotal PATHFNDR Phase 3 program in acromegaly now complete, we are working diligently to submit an NDA in the second half of 2024. We also intend to discuss the positive results from our Phase 2 study in carcinoid syndrome with the FDA in preparation for the Phase 3 program, which is expected to be initiated by the end of this year,” said Scott Struthers, Ph.D., founder and chief executive officer of Crinetics.
“The clinical trials for the second compound in our pipeline, atumelnant, which is being developed for the treatment of CAH and Cushing's disease, continue to enroll patients. We plan to report initial results from a subset of patients from these trials in the second quarter,” continued Dr. Struthers. “In the first quarter, we strengthened our balance sheet to support commercial readiness for a potential paltusotine launch in acromegaly, as well as to fund the development of our deep clinical and preclinical pipeline. The progress made across our pipeline positions the Company for long-term success and towards achieving our objective to become a fully integrated pharmaceutical company.”
First Quarter 2024 and Recent Highlights:
- Phase 3 PATHFNDR-2 study achieved primary and all secondary endpoints. In March, Crinetics reported positive topline results from its placebo-controlled Phase 3 study of paltusotine in non-pharmacologically treated participants with acromegaly. PATHFNDR-2 was designed to support a treatment indication in those with uncontrolled acromegaly.
- Phase 2 study of paltusotine in carcinoid syndrome reported positive results. In March, Crinetics reported positive topline results from its open-label Phase 2 study of paltusotine in participants with carcinoid syndrome. Paltusotine was shown to result in rapid and sustained reductions in frequency and severity of flushing episodes and bowel movements.
- Strengthened balance sheet with $350 million private placement financing. In February, Crinetics announced a private placement equity financing for gross proceeds of approximately $350 million.
Key Upcoming Milestones:
- Initial results from the ongoing Phase 2 studies of atumelnant* in congenital adrenal hyperplasia (CAH) and ACTH-dependent Cushing’s syndrome will be presented at the Endocrine Society’s annual meeting, ENDO 2024, being held June 1-4, 2024 in Boston. The Phase 2 studies are evaluating the safety, efficacy and pharmacokinetics of different doses of atumelnant in participants with CAH and Cushing’s disease.
- Submission of a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) seeking regulatory approval of paltusotine for the treatment of acromegaly is anticipated in the second half of 2024.
- Initiation of a Phase 3 program of paltusotine for carcinoid syndrome by the end of 2024, pending discussions with the FDA.
First Quarter 2024 Financial Results:
- Research and development expenses were $53.3 million for the three months ended March 31, 2024, compared to $38.5 million for the same period in 2023. The increases were primarily attributable to an increase in personnel costs of $9.4 million, increased outside services and facilities costs of $3.8 million, and increased spending on manufacturing and development activities of $1.4 million.
- General and administrative expenses were $20.8 million for the three months March 31, 2024, compared to $12.2 million for the same period in 2023. The increases were primarily attributable to an increase in personnel costs of $5.6 million.
- Net loss for the three months ended March 31, 2024, was $66.9 million, compared to a net loss of $46.0 million for the same period in 2023.
- Revenues were $0.6 million for the three months ended March 31, 2024, compared to $2.7 million for the same period in 2023. Revenues were derived from licensing arrangements for our paltusotine product candidate in 2024 and for paltusotine and CRN01941 product candidates in 2023.
- Unrestricted cash, cash equivalents, and investments totaled $901.0 million as of March 31, 2024, compared to $558.6 million as of December 31, 2023. On February 28, 2024, the company announced a private placement equity financing for gross proceeds of approximately $350 million. Based on its current projections, the company now expects that its cash, cash equivalents and short-term investments will be sufficient to fund its current operating plan into 2028.
*Proposed international nonproprietary name under review.
Conference Call and Webcast Details Management will hold a live conference call and webcast today, Thursday, May 9, 2024 at 4:30 p.m. ET. To participate, please dial 1-888-886-7786 (domestic) or 1-416-764-8658 (international) and refer to Conference ID 71864759. To access the webcast, click here. For instant telephone access, click the Call me™ link here. Following the live event, a replay will be available on the Investors section of the Company’s website.
ABOUT CRINETICS PHARMACEUTICALS Crinetics Pharmaceuticals is a clinical stage pharmaceutical company focused on the discovery, development, and commercialization of novel therapeutics for endocrine diseases and endocrine-related tumors. Paltusotine, an investigational, first-in-class, oral somatostatin receptor type 2 (SST2) agonist, is in Phase 3 clinical development for acromegaly and in Phase 2 clinical development for carcinoid syndrome associated with neuroendocrine tumors. Crinetics is also developing atumelnant (CRN04894), an investigational, first-in-class, oral ACTH antagonist, that is currently completing Phase 2 clinical studies for the treatment of congenital adrenal hyperplasia (CAH) and Cushing’s disease. All of the Company’s drug candidates are orally delivered, small molecule new chemical entities resulting from in-house drug discovery efforts, including additional discovery programs addressing a variety of endocrine conditions such as hyperparathyroidism, polycystic kidney disease, Graves’ disease, thyroid eye disease, diabetes and obesity.
Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and 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 regarding the plans and timelines for the clinical development of atumelnant and paltusotine, including the therapeutic potential and clinical benefits or safety profile thereof; the expected timing of an NDA submission for paltusotine for the treatment or maintenance of treatment of acromegaly in the United States; the expected timing of initiation of a Phase 3 program of paltusotine for carcinoid syndrome; the expected timing of data from studies of atumelnant in congenital adrenal hyperplasia and Cushing’s diseases; and the expected timing through which our cash, cash equivalents, and short-term investments will fund our operating plans. 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,” “upcoming” 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, without limitation, topline data that we report may change following a more comprehensive review of the data related to the clinical studies and such data may not accurately reflect the complete results of a clinical study, and the FDA and other regulatory authorities may not agree with our interpretation of such results; we may not be able to obtain, maintain and enforce our patents and other intellectual property rights, and it may be prohibitively difficult or costly to protect such rights; geopolitical events may disrupt Crinetics’ business and that of the third parties on which it depends, including delaying or otherwise disrupting its clinical studies and preclinical studies, manufacturing and supply chain, or impairing employee productivity; unexpected adverse side effects or inadequate efficacy of the Company’s product candidates that may limit their development, regulatory approval and/or commercialization; the Company’s dependence on third parties in connection with product manufacturing, research and preclinical and clinical testing; the success of Crinetics’ clinical studies and nonclinical studies; regulatory developments in the United States and foreign countries; clinical studies and preclinical studies may not proceed at the time or in the manner expected, or at all; the timing and outcome of research, development and regulatory review is uncertain, and Crinetics’ drug candidates may not advance in development or be approved for marketing; Crinetics may use its capital resources sooner than expected; any future impacts to our business resulting from geopolitical developments outside our control; and the other risks and uncertainties described in the Company’s periodic filings with the SEC. The events and circumstances reflected in the company’s forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements. Additional information on risks facing Crinetics can be found under the heading “Risk Factors” in Crinetics’ periodic reports, including its annual report on Form 10-K for the year ended December 31, 2023 and its Quarterly report on Form 10-Q for the quarter ended March 31, 2024. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by applicable law, Crinetics does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.
Investors: Corey Davis LifeSci Advisors, LLC [email protected] (212) 915-2577
Media: Natalie Badillo Head of Corporate Communications [email protected] (858) 345-6075
Crinetics Pharmaceuticals News MORE
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Make it simple and hassle-free with a collection of well-designed and easy-to-use presentation templates from Canva. To captivate your target audience, you need the proper presentation template design that suits your subject. After all, a pleasing visual, coupled with helpful and relevant content, can go a long way in creating a solid presentation.
There are numerous online platforms that offer a wide variety of Corporate and Business Presentation Templates. Sites like PowerPoint, Google Slides, Canva, GraphicRiver, SlideModel, and many more provide templates for different industries, themes, and business purposes. Apart from these, there are also specialized platforms like Prezi ...
The business presentation template of the corporate profile contains a collection of infographic icons and shapes, making it an essential tool for corporate presentations and corporate business presentations. These icons help to represent various business and management terms effectively, such as using an eye and mountain for vision and mission
Running a business is not easy. It requires constant updates on approach, strategy, tools, and even presentations—yes, presentations. You need attractive presentations or social media posts to ...
Download the Design Inspiration Theme for Education presentation for PowerPoint or Google Slides. The education sector constantly demands dynamic and effective ways to present information. This template is created with that very purpose in mind. Offering the best resources, it allows educators or students to efficiently manage their ...
Free Google Slides theme, PowerPoint template, and Canva presentation template. ... Our PowerPoint and Google Slides template, designed with business professionals in mind, is your go-to. With its dominant blue and grey color scheme and a corporate minimal style, it's perfect for presenting team roles, reporting lines, and organizational ...
Segment Operating Profit was $70 million. Adjusted Segment Operating Profit was $94 million, an increase of 18%, driven by higher pharmaceutical distribution volumes in the Canadian business. Full Year. Revenues were $14.1 billion, a decrease of 31%, driven by Fiscal 2023 divestitures within McKesson's European business.
Late-Breaking Presentations of Initial Results From Phase 2 Studies of Atumelnant (CRN04894) in Congenital Adrenal Hyperplasia and ACTH-Dependent Cushing's SyndromeWill be Presented at ENDO June ...
Accounting and Business LawCharles Davis authored "Bringing Creativity into the Accounting Classroom" has been accepted for publication in Strategic Finance (March 2024).Michael Mowchan presented "Audit Firm Leadership Responsibilities and Implications for Audit Quality" at the 2024 Deloitte/KU Symposium in Lawrence, KS (May 2024). Co-authors/presenters include: Timothy Seidel, Aleksandra ...