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 (Nasdaq: CYTK) announced positive topline results from SEQUOIA-HCM, the pivotal Phase 3 clinical trial of aficamten in patients with symptomatic obstructive hypertrophic cardiomyopathy (HCM). The results show that treatment with aficamten significantly improved exercise capacity compared to placebo, with a statistically significant increase in peak oxygen uptake. The treatment effect was consistent across all prespecified subgroups. Statistically significant and clinically meaningful improvements were also observed in all 10 prespecified secondary endpoints. Aficamten was well-tolerated with an adverse event profile comparable to placebo. Core echocardiographic left ventricular ejection fraction (LVEF) was observed to be <50% in a small percentage of patients on aficamten, but there were no instances of worsening heart failure or treatment interruptions due to low LVEF.
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Cytokinetics, Incorporated (Nasdaq: CYTK) to discuss topline results from pivotal Phase 3 clinical trial of aficamten in patients with symptomatic obstructive hypertrophic cardiomyopathy (HCM)
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Cytokinetics, Incorporated (Nasdaq: CYTK) announced the discontinuation of the clinical trial for reldesemtiv, a potential treatment for ALS, due to lack of efficacy. The trial, COURAGE-ALS, did not show any effect on the primary endpoint of change from baseline in ALSFRS-R or key secondary endpoints. The development of reldesemtiv has been terminated, disappointing results for the company after more than a decade of pursuit.
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Cytokinetics, Incorporated (Nasdaq: CYTK) granted 25,350 stock options to two new employees as a material inducement to their employment, subject to an exercise price of $33.48 per share, vesting over 4 years. Each option has a 10-year term and is granted in accordance with Nasdaq Listing Rule 5635(c)(4).
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Cytokinetics, Incorporated (Nasdaq: CYTK) announced five presentations at the 34th International Symposium on ALS/MND. The presentations include results of the Phase 3 Clinical Trial of Reldesemtiv in ALS, Plasma Neurofilament Analysis in VITALITY-ALS, and Investigating Geographical Differences in Time from ALS Symptom Onset to Key Disease Milestones. The event will take place in Basel, Switzerland and online from December 6, 2023 - December 8, 2023.
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Cytokinetics, Incorporated granted stock options to five new employees, totaling 22,350 shares of common stock. The exercise price is $34.86 per share, vesting over 4 years. Each option has a 10-year term and is subject to the Company's equity incentive plan.
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Cytokinetics, Incorporated (Nasdaq: CYTK) reported a net loss of $129.4 million, or $1.35 per share, for the third quarter of 2023. Cash, cash equivalents, and investments totaled $554.7 million on September 30, 2023. The company made progress in its specialty cardiology franchise, with positive results from the SEQUOIA-HCM trial and sustained improvements in clinical efficacy endpoints from the FOREST-HCM study. They also initiated enrollment in the ACACIA-HCM trial. Cytokinetics is well-positioned to execute its goals in service to patients and shareholders.
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Cytokinetics, Incorporated (Nasdaq: CYTK) will be participating in several investor conferences in November. The conferences include UBS BioPharma Conference, Truist Securities BioPharma Symposium, Jefferies London Healthcare Conference, and 35th Annual Piper Sandler Healthcare Conference. Interested parties can access the live webcasts of the events on the Cytokinetics website.
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Cytokinetics, Incorporated (Nasdaq: CYTK) will report Q3 results on November 2, 2023. A conference call will be held to discuss operational and financial results.
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Cytokinetics provides update on cardiac myosin inhibitor programs and plans to build a specialty cardiology franchise
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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