Crinetics sets non-compete cash payments of $140,000-$30,000 for key executives in Vertex deal
CRNX•Non-compete agreements tied to planned Vertex merger
Crinetics entered non-compete agreements on July 6, 2026 with key executives tied to its planned merger with Vertex.
One-year restrictions apply from the merger closing date, covering work for specified competing businesses in territories where Crinetics operates.
At closing, cash payments are set at USD 140,000 for CFO Tobin Schilke, USD 30,000 for CSO Stephen Betz, and USD 30,000 for CCO Isabel Kalofonos.
