Workflow
Cytokinetics(CYTK)
icon
Search documents
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of November 17, 2025 in Cytokinetics, Incorporated Lawsuit - CYTK
Prnewswire· 2025-10-31 12:45
Core Points - A class action securities lawsuit has been filed against Cytokinetics, Incorporated, alleging securities fraud affecting investors between December 27, 2023, and May 6, 2025 [2][3] - The lawsuit claims that Cytokinetics made materially false and misleading statements regarding the New Drug Application (NDA) submission and approval process for aficamten, particularly concerning the expected FDA approval timeline [3] - The company allegedly failed to disclose significant risks related to the omission of a Risk Evaluation and Mitigation Strategy (REMS) from the NDA submission, which could delay the regulatory process [3] Case Details - Defendants represented that FDA approval for aficamten was expected in the second half of 2025, based on a PDUFA date of September 26, 2025 [3] - It was revealed during an earnings call on May 6, 2025, that the company had multiple pre-NDA meetings with the FDA but chose to submit the NDA without a REMS, misleading investors about the regulatory timeline [3] - As a result of these misleading statements, investors purchased Cytokinetics' common stock at inflated prices and incurred significant losses when the truth was disclosed [3] Next Steps - Investors who suffered losses in Cytokinetics during the relevant period have until November 17, 2025, to request to be appointed as lead plaintiff in the lawsuit [4] - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [4] Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [5]
Cytokinetics Announces Upcoming Presentations at the Hypertrophic Cardiomyopathy Medical Society Scientific Sessions and American Heart Association Scientific Sessions 2025
Globenewswire· 2025-10-31 11:30
Core Insights - Cytokinetics is set to present significant findings related to Aficamten at two major scientific sessions in November 2025, focusing on its effects in patients with obstructive hypertrophic cardiomyopathy (HCM) [1][4][7] Group 1: Upcoming Presentations - Three Late Breaking Science presentations on MAPLE-HCM will be featured at the Hypertrophic Cardiomyopathy Medical Society Scientific Sessions and the American Heart Association Scientific Sessions [1][4] - Presentations will include topics such as the impact of Aficamten versus Metoprolol on patient-reported health status and long-term outcomes in obstructive HCM [2][3][4] Group 2: Presentation Details - The first presentation will be by Michael E. Nassif, M.D., discussing the effect of Aficamten on patient-reported health status on November 7, 2025 [2] - Another key presentation by Andrew Wang, M.D., will analyze clinical responses to Aficamten compared to Metoprolol on November 8, 2025 [4] - Additional presentations will cover various aspects of Aficamten's efficacy and safety in different patient demographics and conditions [5][6] Group 3: Company Overview - Cytokinetics is a biopharmaceutical company specializing in cardiovascular treatments, with a focus on developing Aficamten, a cardiac myosin inhibitor, for obstructive HCM [7] - The company is preparing for potential regulatory approvals and commercialization of Aficamten following positive results from pivotal clinical trials [7]
SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Cytokinetics
Globenewswire· 2025-10-30 15:18
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Cytokinetics, Incorporated due to misleading statements regarding the New Drug Application (NDA) process for aficamten, which may have led to significant investor losses [4][6][8]. Group 1: Legal Investigation - The firm is encouraging investors who suffered losses in Cytokinetics between December 27, 2023, and May 6, 2025, to discuss their legal rights [1][4]. - There is a deadline of November 17, 2025, for investors to seek the role of lead plaintiff in a federal securities class action against Cytokinetics [4]. Group 2: Misleading Statements - Defendants allegedly made materially false statements about the expected approval timeline for aficamten's NDA, claiming it would be approved in the second half of 2025 based on a September 26, 2025 PDUFA date [6]. - The company failed to disclose the risks associated with not submitting a Risk Evaluation and Mitigation Strategy (REMS), which could delay the regulatory process [6][7]. Group 3: Impact on Investors - Following the revelation of the misleading statements, class members purchased Cytokinetics' common stock at inflated prices and subsequently suffered significant losses when the truth was disclosed [8]. - The lead plaintiff in the class action will be the investor with the largest financial interest who is typical of class members [9].
CYTOKINETICS CLASS ACTION REMINDER: Bragar Eagel & Squire, P.C. Urgently Reminds CYTK Investors to Contact the Firm Before November 17th
Globenewswire· 2025-10-29 21:34
Core Viewpoint - A class action lawsuit has been filed against Cytokinetics, alleging that the company made materially false and misleading statements regarding the New Drug Application (NDA) submission and approval process for aficamten, leading to significant investor losses [8]. Allegation Details - The lawsuit claims that Cytokinetics misrepresented the expected timeline for FDA approval of aficamten, stating it would occur in the second half of 2025 based on a September 26, 2025 PDUFA date, while failing to disclose risks related to the omission of a Risk Evaluation and Mitigation Strategy (REMS) [8]. - On May 6, 2025, it was revealed during an earnings call that the company had discussions with the FDA regarding safety monitoring but chose to submit the NDA without a REMS, misleading investors about the regulatory timeline [8]. Next Steps - Investors who purchased Cytokinetics shares between December 27, 2023, and May 6, 2025, and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information and to discuss their legal rights [4][8].
Earnings Preview: Cytokinetics (CYTK) Q3 Earnings Expected to Decline
ZACKS· 2025-10-29 15:10
Core Viewpoint - The market anticipates Cytokinetics (CYTK) will report a year-over-year decline in earnings despite a significant increase in revenues when it releases its quarterly results for the period ending September 2025 [1][3]. Earnings Expectations - Cytokinetics is expected to report a quarterly loss of $1.59 per share, reflecting a year-over-year change of -16.9% [3]. - Revenue is projected to be $5.56 million, which represents a substantial increase of 1108.7% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 0.21% higher in the last 30 days, indicating a slight positive adjustment by analysts [4]. - The Most Accurate Estimate for Cytokinetics is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -5.53%, suggesting a bearish outlook from analysts [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the likelihood of actual earnings deviating from consensus estimates, with a focus on positive readings for predictive power [9][10]. - Cytokinetics currently holds a Zacks Rank of 3 (Hold), complicating predictions of an earnings beat [12]. Historical Performance - In the last reported quarter, Cytokinetics was expected to post a loss of $1.34 per share but actually reported a loss of -$1.12, resulting in a positive surprise of +16.42% [13]. - Over the past four quarters, the company has exceeded consensus EPS estimates two times [14]. Industry Context - In the Zacks Medical - Biomedical and Genetics industry, Qiagen (QGEN) is expected to report earnings of $0.58 per share for the same quarter, indicating a year-over-year change of -1.7% [18]. - Qiagen's revenue is projected to be $525.99 million, up 4.8% from the previous year, with a consensus EPS estimate revised 0.7% lower recently [19].
Cytokinetics has been on a tear as the biotech pioneers more drugs to fight heart ailments
CNBC· 2025-10-28 20:32
Core Insights - Cytokinetics' stock surged after strong phase 3 trial results for its lead cardio drug Aficamten, which improves exercise capacity in patients with obstructive hypertrophic cardiomyopathy [1] - The company is awaiting FDA approval for Aficamten, which could disrupt the market currently dominated by Bristol Myers Squibb [1][4] - Cytokinetics has seen a 69% increase in shares over the past three months and a 31% increase year-to-date, indicating strong investor interest [2] Company Background - Cytokinetics has a history of developing heart disease-related drugs, including Mavacamten, which was acquired by Bristol Myers Squibb in 2020 [3] - The acquisition provided Cytokinetics with capital to fund further clinical trials [3] Competitive Landscape - The new drug Aficamten is positioned to compete directly with Bristol Myers Squibb's offerings in the same therapeutic area [4] - Cytokinetics' CEO highlighted the company's transition from developing drugs to competing in the market, emphasizing the potential benefits for patients [5] Financial Strategy - The company has utilized specialized biotech financing, royalty financing, and partnerships to secure investments for drug development [5] - Significant investments have been made in research and development to advance a portfolio of potential medicines targeting heart disease [6] Market Opportunity - Heart disease is a leading cause of hospitalization in the U.S., particularly among the aging population, presenting a substantial market opportunity for Cytokinetics [6] - The company aims to build a sustainable business model starting with Aficamten as its first potential medicine [7]
Cytokinetics CEO: Advancing a next gen opportunity which could expand addressable market
CNBC Television· 2025-10-28 19:08
Company Focus & Drug Development - Cytokinetics is focused on muscle biology, particularly related to specialty heart disease, developing potential new medicines for cardiovascular conditions [3] - The company is developing a next-generation medicine that could potentially enter the same space as Bristol Myers' drug, with potential FDA approval later this year [5] - Cytokinetics has spent billions of dollars advancing a portfolio of potential medicines [8] - The company aims to expand the number of physicians comfortable prescribing these medicines for the benefit of more patients [6] - Cytokinetics is advancing a next-generation opportunity from the same research platform, hoping it will be available to patients later this year and dramatically expand the number of patients who could benefit [9] Financial Performance & Strategy - Fuego stock is up 60% in just the past three months [2] - Cytokinetics has raised primarily nonequity dilutive capital to reach its current position [12] - The company aims to set a high watermark for how it accesses and deploys capital, with a capital structure friendly to shareholders [12] - Cytokinetics' financial engineering has gone hand in hand with research and development over the past 25+ years [12] Partnerships & Commercialization - Bristol Myers is commercializing a medicine discovered in Cytokinetics' laboratories, which was the subject of a company they acquired [4] - Cytokinetics formed a company funded by venture capitalists that spun out of its laboratories and developed a medicine acquired by BMS [9]
Cytokinetics CEO: Advancing a next gen opportunity which could expand addressable market
Youtube· 2025-10-28 19:08
Core Viewpoint - Cyto Kinetics is focused on developing new drugs for muscle diseases and cardiovascular conditions, with a new candidate expected to enter the market soon, potentially competing with larger firms like Bristol Myers [3][5][9]. Company Overview - Cyto Kinetics has been in operation for 27 years and is not a new biotech startup, having invested significantly in research and development [7][8]. - The company has a history of financial engineering to support its extensive R&D efforts, raising capital primarily through non-equity dilutive means [12]. Product Development - The company is advancing a next-generation medicine that is currently under FDA review for potential approval later this year [5][9]. - The new drug aims to expand the number of patients who can benefit from their scientific advancements [9][12]. Competitive Landscape - Cyto Kinetics respects its competitors, particularly Bristol Myers, which has commercialized a drug developed in Cyto Kinetics' laboratories [4][6]. - The company is positioned to potentially sell its new drug or form partnerships similar to past experiences, indicating a strategic approach to commercialization [7][10]. Financial Strategy - The company has set a high standard for accessing and deploying capital, which has been crucial in building its pipeline of potential medicines [12][13]. - Previous commercialization efforts, including a royalty deal, have influenced stock performance, but the company has learned from these experiences to improve future strategies [11].
ROSEN, GLOBALLY RESPECTED INVESTOR COUNSEL, Encourages Cytokinetics, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – CYTK
Globenewswire· 2025-10-28 17:49
Core Points - Rosen Law Firm is reminding purchasers of Cytokinetics, Inc. common stock from December 27, 2023, to May 6, 2025, about the lead plaintiff deadline on November 17, 2025 [1] - Investors who purchased Cytokinetics stock during the specified period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed against Cytokinetics regarding misleading statements about the New Drug Application for aficamten [5] Company Information - The lawsuit alleges that Cytokinetics made false statements regarding the timeline for the FDA approval of aficamten, specifically indicating an expected approval in the second half of 2025, while failing to disclose risks related to the submission of a Risk Evaluation and Mitigation Strategy [5] - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and recognition in the field, including being ranked No. 1 for securities class action settlements in 2017 [4]
Levi & Korsinsky Reminds Cytokinetics Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of November 17, 2025 - CYTK
Prnewswire· 2025-10-28 12:45
Core Viewpoint - A class action securities lawsuit has been filed against Cytokinetics, alleging securities fraud related to misleading statements about the New Drug Application (NDA) for aficamten, which may have led to significant investor losses [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Cytokinetics made materially false and misleading statements regarding the expected timeline for FDA approval of aficamten, indicating approval in the second half of 2025 based on a September 26, 2025 PDUFA date [2]. - It is alleged that the company failed to disclose risks associated with not submitting a Risk Evaluation and Mitigation Strategy (REMS), which could delay the regulatory process [2]. - During an earnings call on May 6, 2025, it was revealed that the company had discussions with the FDA about safety monitoring but chose to submit the NDA without a REMS, misleading investors about the regulatory timeline [2]. Group 2: Investor Information - Investors who suffered losses in Cytokinetics during the relevant period have until November 17, 2025, to request to be appointed as lead plaintiff, although participation does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Legal Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].