SOUTH SAN FRANCISCO, Calif., Jan. 05, 2026 (GLOBE NEWSWIRE) -- Cytokinetics, Incorporated (Nasdaq: CYTK) today announced that Robert I. Blum, President and Chief Executive Officer, is scheduled to present at the 44th Annual J.P. Morgan Healthcare Conference on Monday, January 12, 2026 at 9:45 AM Pacific Time in San Francisco, CA. Interested parties may access the live webcast of the presentation by visiting the Investors & Media section of the Cytokinetics website at http://www.cytokinetics.com. The webcast ...

SOUTH SAN FRANCISCO, Calif., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Cytokinetics, Incorporated (NASDAQ:CYTK) today announced that on December 15, 2025 it granted stock options to purchase an aggregate of 21,399 shares of common stock and 14,422 restricted stock units (RSUs) that will be settled in shares of common stock upon vesting to 10 employees, whose employment commenced in November and December 2025 as a material inducement to their employment.The RSUs will vest over 3 years, with 40% of the RSUs vesting o ...

Core Insights - Cytokinetics, Inc. supports a three-year initiative by the American Heart Association to improve care for hypertrophic cardiomyopathy (HCM), addressing disparities in access, diagnosis, and treatment [1][2][3] - HCM affects approximately one in 500 people in the U.S., with many remaining undiagnosed or untreated until severe symptoms arise, leading to fragmented care systems [2][3] - The initiative aims to identify systemic barriers and enhance the identification, assessment, referral, and treatment processes for HCM patients [2][3] Company Commitment - Cytokinetics emphasizes its dedication to the HCM community, aligning its support with its patient-centric culture and scientific focus [2][3] - The company has been actively involved in HCM research and advocacy, collaborating with various stakeholders to improve disease awareness and care pathways [3][5] Initiative Goals - The initiative will increase participation in a national HCM Registry, broaden certification opportunities for healthcare providers, introduce patient support services, and pilot an HCM detection algorithm to reduce underdiagnosis [6]

Core Insights - Cytokinetics is progressing towards the PDUFA date of December 26, 2025, for aficamten, a cardiac myosin inhibitor aimed at treating obstructive hypertrophic cardiomyopathy (HCM) [1][3] - The company reported a strong financial position with approximately $1.25 billion in cash, cash equivalents, and investments as of September 30, 2025 [1][12] - Aficamten has shown promising clinical trial results, demonstrating superiority over metoprolol in improving exercise capacity and cardiac function in patients with obstructive HCM [3][4] Regulatory and Clinical Developments - The company is actively supporting the NDA review for aficamten by the FDA and has engaged in discussions regarding its Risk Evaluation and Mitigation Strategy (REMS) [3] - Aficamten is also under review in the European Union and China, with a potential EMA decision expected in the first half of 2026 [3] - The MAPLE-HCM trial results presented at the European Society of Cardiology Congress 2025 showed a significant improvement in peak oxygen uptake (pVO2) with aficamten compared to metoprolol [3][4] Financial Performance - Total revenues for Q3 2025 were $1.9 million, a significant increase from $0.5 million in Q3 2024 [9] - Research and Development (R&D) expenses for Q3 2025 were $99.2 million, up from $84.6 million in the same period last year, primarily due to advancing clinical trials [10] - The net loss for Q3 2025 was $306.2 million, compared to a net loss of $160.5 million in Q3 2024, which included a debt conversion expense of $121.2 million [14][25] Corporate Developments - James M. Daly has been appointed to the Board of Directors, bringing expertise in commercialization [7] - The company is enhancing its commercial readiness for aficamten, including sales force training and payer engagement [4][3] Future Guidance - The company updated its full-year 2025 financial guidance, projecting GAAP operating expenses between $680 million and $700 million [15][16] - The anticipated increase in operating expenses is attributed to investments in commercial readiness for aficamten's potential approval and launch [16]

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].

Core Insights - Cytokinetics is set to report its third quarter results on November 5, 2025, at 4:00 PM Eastern Time, followed by a conference call at 4:30 PM to discuss financial results and business updates [1][2] 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 [3] - The company is preparing for potential regulatory approvals and commercialization of aficamten, a cardiac myosin inhibitor, after positive results from the SEQUOIA-HCM Phase 3 clinical trial for obstructive hypertrophic cardiomyopathy (HCM) [3] - Aficamten is also being evaluated in additional clinical trials for both obstructive and non-obstructive HCM [3] - Cytokinetics is developing omecamtiv mecarbil, a cardiac myosin activator for heart failure with severely reduced ejection fraction (HFrEF), and ulacamten, a cardiac myosin inhibitor for heart failure with preserved ejection fraction (HFpEF) [3] - The company is also working on CK-089, a fast skeletal muscle troponin activator, which may have therapeutic applications for specific muscular dystrophies and other conditions affecting skeletal muscle function [3]

Core Points - Cytokinetics has announced the eighth annual Communications Grant Program aimed at supporting patient advocacy organizations focused on hypertrophic cardiomyopathy (HCM) and heart failure [2][3] - The program will award five grants to enhance communications, awareness, and community engagement within these patient communities [2][3] - The deadline for applications is November 3, 2025, with grant recipients to be announced in January 2026 [4] Group 1: Grant Program Details - The Communications Grant Program addresses a persistent funding gap in communications for patient advocacy organizations, which can hinder patient access to vital resources [3] - Grants may support programming or personnel, depending on the specific needs of the organizations [3] - Eligible organizations must be nonprofit or registered charities in the U.S., Canada, Europe, or the U.K., and serve HCM or heart failure patient communities [4] Group 2: Impact and Evaluation - Applications will be evaluated based on alignment with selection criteria, and recipients must provide an outcomes report to measure the impact of the funding [4] - The 2025 grant recipients include AICARM APS, HeartBrothers Foundation, HeartCharged Corporation, Hypertrophic Cardiomyopathy Association, and Stichting Cardiomyopathie Onderzoek Nederland [3] Group 3: Company Overview - Cytokinetics is a specialty cardiovascular biopharmaceutical company with over 25 years of experience in muscle biology and is advancing a pipeline of potential new medicines for cardiac muscle dysfunction [5] - The company is preparing for potential regulatory approvals for aficamten, a cardiac myosin inhibitor, following positive results from the SEQUOIA-HCM Phase 3 clinical trial [5] - Other investigational medicines in development include omecamtiv mecarbil, ulacamten, and CK-089, targeting various heart failure and muscular dystrophy conditions [5]

Core Insights - Cytokinetics is scheduled to present a corporate update at the Stifel 2025 Virtual Cardiometabolic Forum on September 30, 2025 [1] - The company is advancing a pipeline of potential new medicines for cardiac muscle dysfunction, including aficamten, a cardiac myosin inhibitor, which is nearing regulatory approvals following positive Phase 3 trial results [3] - Cytokinetics is also developing other treatments such as omecamtiv mecarbil for heart failure with reduced ejection fraction, ulacamten for heart failure with preserved ejection fraction, and CK-089 for muscular dystrophy [3] Company Overview - Cytokinetics is a specialty cardiovascular biopharmaceutical company with over 25 years of experience in muscle biology [3] - The company focuses on innovative treatments for patients suffering from diseases related to cardiac muscle dysfunction [3] - Aficamten is currently being evaluated in additional clinical trials for both obstructive and non-obstructive hypertrophic cardiomyopathy [3]

Core Viewpoint - Cytokinetics has announced the pricing of a $650 million offering of 1.75% convertible senior notes due 2031, increasing from a previously announced size of $550 million [1][4]. Transaction Details - The notes are set to settle on September 19, 2025, and the initial purchasers have an option to buy an additional $100 million in notes within 13 days of issuance [3]. - The notes will be senior, unsecured obligations with an annual interest rate of 1.75%, payable semi-annually starting April 1, 2026, and maturing on October 1, 2031 [4]. - Noteholders can convert their notes under specific conditions before July 1, 2031, and at any time thereafter until maturity [4]. - The initial conversion rate is 14.6156 shares per $1,000 principal amount, equating to a conversion price of approximately $68.42 per share, representing a 37.5% premium over the last reported sale price of $49.76 on September 16, 2025 [4]. Redemption and Repurchase Conditions - Cytokinetics cannot redeem the notes before October 6, 2028, but can redeem them thereafter under certain conditions [5]. - In the event of a "fundamental change," noteholders may require Cytokinetics to repurchase their notes at the principal amount plus accrued interest [6]. Use of Proceeds - The net proceeds from the offering are estimated at approximately $632 million, or $729.4 million if the option for additional notes is fully exercised [7]. - The primary use of proceeds will be to refinance existing 3.50% convertible senior notes due 2027, extending their maturity to 2031 and retiring approximately $399.5 million of those notes [7][8]. - Remaining proceeds will support the potential commercial launch of aficamten and general corporate purposes [7][14]. Company Overview - Cytokinetics is a biopharmaceutical company focused on developing new medicines for cardiac muscle dysfunction, with a pipeline that includes aficamten and omecamtiv mecarbil [12]. - Aficamten is being prepared for potential regulatory approvals following positive Phase 3 trial results, while other products target various heart failure conditions [12].

Core Viewpoint - Cytokinetics plans to offer $550 million in convertible senior notes due 2031, with an option for an additional $82.5 million, to support its business initiatives and potential commercial launch of aficamten [1][3]. Group 1: Offering Details - The offering consists of $550 million aggregate principal amount of convertible senior notes due 2031, intended for qualified institutional buyers [1]. - The notes will be senior, unsecured obligations, maturing on October 1, 2031, and will accrue interest payable semi-annually [2]. - Noteholders can convert their notes under certain conditions, with settlement options including cash, shares of common stock, or a combination [2]. Group 2: Use of Proceeds - A portion of the net proceeds will be used to pay cash consideration in note exchange transactions [3]. - Remaining proceeds will support the commercial launch of aficamten, expand its development program, advance its research pipeline, and cover general corporate purposes [3]. Group 3: Note Exchange Transactions - Cytokinetics plans to issue shares of common stock in exchange for a portion of its outstanding 3.50% convertible senior notes due 2027 in privately negotiated transactions [4]. - The terms of these note exchange transactions will depend on various factors, including market prices [4]. - There is no assurance on the amount or terms of the 2027 notes that will be exchanged [4]. Group 4: Market Activity Impact - Holders of the 2027 notes who hedge their equity price risk may unwind their positions by purchasing Cytokinetics' common stock, potentially affecting the market price [5]. - This activity could lead to a higher effective conversion price for the notes, although the magnitude of such market activity is unpredictable [5]. Group 5: Company Overview - Cytokinetics is a specialty cardiovascular biopharmaceutical company focused on developing new medicines for cardiac muscle dysfunction [8]. - The company is preparing for potential regulatory approvals and commercialization of aficamten, following positive Phase 3 trial results [9]. - Other developments include omecamtiv mecarbil for heart failure and ulacamten for heart failure with preserved ejection fraction [9].