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Cytokinetics to Participate in November Investor Conferences
Globenewswire· 2025-11-04 21:00
Core Insights - Cytokinetics is participating in investor conferences in November 2025, providing opportunities for stakeholders to engage with the management team [1][6]. Company Overview - Cytokinetics is a specialty cardiovascular biopharmaceutical company with over 25 years of experience in muscle biology, focusing on developing new medicines for cardiac muscle dysfunction [2]. - The company is preparing for potential regulatory approvals and commercialization of aficamten, a cardiac myosin inhibitor, following positive results from the SEQUOIA-HCM Phase 3 clinical trial for obstructive hypertrophic cardiomyopathy (HCM) [2]. - Additional clinical trials are ongoing for aficamten in both obstructive and non-obstructive HCM [2]. - Cytokinetics is also developing omecamtiv mecarbil for heart failure with severely reduced ejection fraction (HFrEF), ulacamten for heart failure with preserved ejection fraction (HFpEF), and CK-089 for specific muscular dystrophies and impaired skeletal muscle function [2].
CYTOKINETICS CLASS ACTION: Bragar Eagel & Squire, P.C. Urges Cytokinetics Stockholders to Contact the Firm Regarding Their Rights Before November 17th
Globenewswire· 2025-11-03 22:26
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, 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 about 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]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is November 17, 2025 [8]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in complex litigation across the United States [5].
The Gross Law Firm Notifies Cytokinetics, Incorporated Investors of a Class Action Lawsuit and Upcoming Deadline - CYTK
Prnewswire· 2025-11-03 13:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Cytokinetics, Incorporated regarding a class action lawsuit related to misleading statements about the New Drug Application (NDA) for aficamten, which may have led to significant financial losses for investors [1]. Group 1: Allegations and Timeline - The class period for the allegations is from December 27, 2023, to May 6, 2025 [1]. - Defendants allegedly made materially false statements about the expected FDA approval timeline for aficamten, claiming it would be approved in the second half of 2025 based on a September 26, 2025 PDUFA date [1]. - The company failed to disclose risks associated with not submitting a Risk Evaluation and Mitigation Strategy (REMS), which could delay the regulatory process [1]. Group 2: Impact on Shareholders - On May 6, 2025, it was revealed during an earnings call 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 [1]. - As a result of these misleading statements, class members purchased Cytokinetics' common stock at artificially inflated prices and suffered significant losses when the truth was disclosed [1]. Group 3: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by November 17, 2025, to participate in the case without any cost or obligation [2]. - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case [2].
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of November 17, 2025 in Cytokinetics Lawsuit – CYTK
Globenewswire· 2025-10-31 20:01
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 affected investors between December 27, 2023, and May 6, 2025 [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 significant 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 and risk mitigation 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 specified timeframe have until November 17, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
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]