Welcome to our dedicated page for Cytokinetics news (Ticker: CYTK), a resource for investors and traders seeking the latest updates and insights on Cytokinetics stock.
Cytokinetics Inc. (symbol: CYTK) is a leading biopharmaceutical company focused on the discovery, development, and commercialization of pioneering muscle activators. With a primary goal of addressing debilitating diseases where muscle performance is compromised, Cytokinetics is at the forefront of muscle biology research.
Specializing in muscle function and contractility, Cytokinetics has developed small molecule drug candidates aimed at enhancing muscle performance. The company’s innovative treatments target diseases such as amyotrophic lateral sclerosis (ALS), heart failure, spinal muscular atrophy (SMA), and chronic obstructive pulmonary diseases (COPD).
Some of the key investigational medicines in the pipeline include:
- CK-4021586 (CK-586): A cardiac myosin inhibitor showing promise in the treatment of cardiac diseases.
- Aficamten: Designed to improve heart muscle function in chronic heart failure patients.
- Omecamtiv Mecarbil: Another advanced therapy aimed at boosting heart muscle performance.
With a strong emphasis on improving the quality of life for patients with severe cardiovascular and neuromuscular diseases, Cytokinetics is committed to groundbreaking research and development. The company's strategic partnerships and collaborations support its mission to bring effective treatments to market, providing hope to patients worldwide.
Recently, Cytokinetics has been actively engaged in investor events and webcasts, sharing forward-looking statements and updates about its latest achievements and ongoing projects. The company's commitment to transparency and investor relations has established it as a reliable entity in the biopharmaceutical industry.
For more detailed updates and news, visit here, here, here, and here.
For investor inquiries, please contact Diane Weiser, Senior Vice President of Corporate Affairs, at (415) 290-7757.
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Cytokinetics, Incorporated (CYTK) joins EURORDIS and NORD to support Rare Disease Day®, highlighting the global impact of rare diseases and the need for improved access to healthcare. The company reaffirms its commitment to health equity while progressing with regulatory submissions for aficamten in obstructive hypertrophic cardiomyopathy.
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Cytokinetics partners with The Mended Hearts, Inc. and WomenHeart to launch ENACT initiative aimed at increasing engagement in cardiovascular clinical trials among underrepresented groups. Grant funding provided to each organization to support patients in navigating the clinical trial process.
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Cytokinetics, Incorporated (CYTK) reported positive results from the SEQUOIA-HCM trial for aficamten, showing significant improvements in primary and secondary endpoints. The company plans to submit a New Drug Application to the FDA in Q3 2024. Financially, the company ended 2023 with a net loss of $526.2 million. Cash reserves stood at $655.4 million on December 31, 2023, excluding $83 million from stock sales in early 2024.
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Cytokinetics, Incorporated (CYTK) will report fourth-quarter results on February 27, 2024, followed by a conference call to discuss operational and financial outcomes. The live webcast and telephonic access details are provided for interested participants.
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Cytokinetics, Incorporated (CYTK) President and CEO, Robert I. Blum, will participate in a virtual fireside chat at the Oppenheimer 34th Annual Healthcare Life Sciences Conference on February 13, 2024. The live webcast can be accessed on the company's website, with a replay available for 90 days after the event.
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Cytokinetics, Incorporated (Nasdaq: CYTK) has announced the recipients of its sixth annual Communications Grant Program, awarding a total of $100,000 to five patient advocacy organizations. The grants, amounting to $20,000 each, are intended to support increased capacity in communications, awareness building, and community engagement for the hypertrophic cardiomyopathy (HCM), heart failure, and amyotrophic lateral sclerosis (ALS) communities. The grants will be utilized for projects aimed at increasing access to resources, expanding organizational reach, and launching educational programs. The recipients include the ALS Therapy Development Institute, the Hypertrophic Cardiomyopathy Association, and three other patient advocacy organizations.
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Cytokinetics, Incorporated (Nasdaq: CYTK) announced new data at CMR 2024 demonstrating favorable effects on cardiac structure, function, and fibrosis related to treatment with aficamten in patients with hypertrophic cardiomyopathy (HCM). The data showed that treatment with aficamten for 48 weeks resulted in statistically significant improvements in measures of cardiac structure and function, including left ventricular mass index, maximum left ventricular septal wall thickness, left atrial volume, and mitral regurgitant volume and fraction. Additionally, treatment with aficamten stabilized interstitial and replacement myocardial fibrosis, with no increase in the fibrosis mass. These findings suggest potential disease-modifying effects of aficamten in patients with obstructive HCM.
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Cytokinetics, Incorporated (Nasdaq: CYTK) will present the Effect of Aficamten on Structure and Function in Patients with Obstructive Hypertrophic Cardiomyopathy at CMR 2024 in London, UK from January 25-27, 2024. The presentation will be conducted by Ahmad Masri, M.D., MS, Director of the Hypertrophic Cardiomyopathy Center at Oregon Health & Science University, during the Rapid Fire session on January 25, 2024, at 2:55 – 3:00 PM GMT.
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Cytokinetics, Incorporated (CYTK) granted 6,150 stock options to three new employees as a material inducement to their employment. The options have an exercise price of $83.49 per share, vest over 4 years, and have a 10-year term. This action was taken in accordance with Nasdaq Listing Rule 5635(c)(4).
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Cytokinetics, Incorporated (CYTK) to present at 42nd Annual J.P. Morgan Healthcare Conference. Robert I. Blum, President and CEO, to present on January 8, 2024. Webcast available on company website.
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FAQ
What is the current stock price of Cytokinetics (CYTK)?
The current stock price of Cytokinetics (CYTK) is $47.86 as of January 23, 2025.
What is the market cap of Cytokinetics (CYTK)?
The market cap of Cytokinetics (CYTK) is approximately 5.4B.
What does Cytokinetics Inc. specialize in?
Cytokinetics Inc. specializes in developing muscle activators for the treatment of diseases characterized by reduced muscle function, such as ALS and heart failure.
What are some key drug candidates being developed by Cytokinetics?
Key drug candidates include CK-4021586 (CK-586), Aficamten, and Omecamtiv Mecarbil, all aimed at enhancing muscle function and contractility.
Which diseases are targeted by Cytokinetics' treatments?
Cytokinetics' treatments target diseases like amyotrophic lateral sclerosis (ALS), heart failure, spinal muscular atrophy (SMA), and chronic obstructive pulmonary diseases (COPD).
What recent achievements has Cytokinetics announced?
Recent achievements include updates on CK-4021586 (CK-586), participation in investor events, and forward-looking statements on new developments.
How does Cytokinetics contribute to muscle biology research?
As a leader in muscle biology, Cytokinetics focuses on discovering and developing small molecule drugs designed to increase muscle function and contractility.
Who can be contacted for investor relations at Cytokinetics?
For investor relations, contact Diane Weiser, Senior Vice President of Corporate Affairs, at (415) 290-7757.
Where can I find more detailed updates and news about Cytokinetics?
More updates and news can be found on the GlobeNewswire website with provided links in the detailed company description.
What is the focus of Cytokinetics’ investigational medicines?
The focus is on muscle-directed medicines that potentially improve the health span of patients with severe cardiovascular and neuromuscular diseases.
What makes Cytokinetics' approach unique?
Cytokinetics' approach is unique due to its focus on muscle biology and the development of small molecule drugs specifically engineered to enhance muscle function.
What platforms does Cytokinetics use for investor communication?
Cytokinetics uses investor events, webcasts, and platforms like GlobeNewswire to communicate with investors.
Cytokinetics Inc.
Nasdaq:CYTK
CYTK Rankings
CYTK Stock Data
5.38B
115.63M
0.54%
118.15%
11.63%
Biotechnology
Pharmaceutical Preparations
United States of America
SOUTH SAN FRANCISCO