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Cytokinetics to Host Virtual Investor & Analyst Day on October 19, 2023

Key Takeaway: Cytokinetics, Inc. announced a virtual Investor and Analyst Day scheduled for October 19, 2023, focused on advancements in cardiac therapies. The event, titled 'New Horizons in Hypercontractility,' will feature presentations on their cardiac myosin inhibition programs, including longer-term data from the FOREST-HCM study and updates on the company's commercial strategies. Notably, expert panels will discuss the current landscape of hypertrophic cardiomyopathy and patient perspectives on living with the condition.
Price reaction · baseline $27.05 (2023-10-04 close) · hit after-hours · 1 other CYTK headline(s) in the window, move may be shared
day 0 close · peak
+1.6%

Market Sentiment Analysis

POSITIVE FACTORS

  • Cytokinetics is hosting a virtual event to discuss advancements in cardiac treatments.
  • The presentations will provide new data on their cardiac myosin inhibition programs.
  • The event includes expert panel discussions addressing unmet needs in hypertrophic cardiomyopathy.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+46%
120-day peak, hindsight
Typical move
7.8%
average across 12 past catalysts
Cash runway
~32 mo
Low dilution risk
Lead asset
Omecamtiv Mecarbil
Phase 1 · QT Intervals Changes

Full Press Release Details

SOUTH SAN FRANCISCO, Calif., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Cytokinetics, Incorporated (Nasdaq: CYTK), today announced that it will host a virtual Investor and Analyst Day on Thursday, October 19, 2023 from 8:30 AM to 11:30 AM ET. The event, entitled New Horizons in Hypercontractility, will feature presentations from senior leaders about the Company’s cardiac myosin inhibition programs in hypertrophic cardiomyopathy (HCM) and heart failure with preserved ejection fraction (HFpEF), including new longer-term data from FOREST-HCM (Follow-Up, Open-Label, Research Evaluation of Sustained Treatment with Aficamten in HCM), the open-label extension clinical study of aficamten in patients with HCM, pre-clinical data for CK-4021586 (CK-586), a novel cardiac myosin inhibitor being developed for the potential treatment of patients with HFpEF, and an update on Cytokinetics’ commercial readiness activities and corporate strategy.
A panel discussion on the current HCM disease landscape and the unmet need in this patient population will feature the following experts:
Theodore Abraham, M.D., FACC, FASE, Meyer Friedman Distinguished Professor of Medicine, Division of Cardiology, University of California, San Francisco; Co-director, UCSF HCM Center of Excellence; Director, UCSF Adult Cardiac Echocardiography Laboratory
Caroline Coats, Ph.D., Clinical Senior Lecturer, School of Cardiovascular & Metabolic Health, University of Glasgow
Carolyn Ho, M.D., Associate Professor, Harvard Medical School, Medical Director of the Cardiovascular Genetics Center
In addition, a conversation with a person living with HCM will elaborate on the patient perspective.
Interested parties must register online at https://cytokinetics-new-horizons-in-hypercontractility.open-exchange.net/. Registered attendees may access the virtual event platform by visiting the Investor & Media section of the Cytokinetics website at www.cytokinetics.com. A link to the webcast replay will be archived on the Cytokinetics website until April 19, 2024.
Cytokinetics is a late-stage, specialty cardiovascular biopharmaceutical company focused on discovering, developing and commercializing first-in-class muscle activators and next-in-class muscle inhibitors as potential treatments for debilitating diseases in which cardiac muscle performance is compromised. As a leader in muscle biology and the mechanics of muscle performance, the company is developing small molecule drug candidates specifically engineered to impact myocardial muscle function and contractility. Aficamten is a next-in-class cardiac myosin inhibitor, currently the subject of three Phase 3 clinical trials: SEQUOIA-HCM, evaluating aficamten in patients with obstructive hypertrophic cardiomyopathy (HCM), MAPLE-HCM, evaluating aficamten as monotherapy compared to metoprolol as monotherapy in patients with obstructive HCM and ACACIA-HCM, evaluating aficamten in patients with non-obstructive HCM. Cytokinetics is also developing omecamtiv mecarbil, a cardiac muscle activator in patients with heart failure. Additionally, Cytokinetics is developing CK-136, a cardiac troponin activator for the potential treatment HFrEF and other types of heart failure, such as right ventricular failure, resulting from impaired cardiac contractility, and CK-586, a cardiac myosin inhibitor with a mechanism of action distinct from aficamten for the potential treatment of HFpEF. In 2023, Cytokinetics is celebrating its 25-year history of pioneering innovation in muscle biology and related pharmacology focused to diseases of muscle dysfunction and conditions of muscle weakness.
Forward-Looking Statements
This press release contains forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the "Act"). Cytokinetics disclaims any intent or obligation to update these forward-looking statements and claims the protection of the Act's Safe Harbor for forward-looking statements. Examples of such statements include, but are not limited to, statements relating to Cytokinetics' and its partners' research and development activities of Cytokinetics’ product candidates. Such statements are based on management's current expectations, but actual results may differ materially due to various risks and uncertainties, including, but not limited to the risks related to Cytokinetics' business outlined in Cytokinetics' filings with the Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and Cytokinetics' actual results of operations, financial condition and liquidity, and the development of the industry in which it operates, may differ materially from the forward-looking statements contained in this press release. Any forward-looking statements that Cytokinetics makes in this press release speak only as of the date of this press release. Cytokinetics assumes no obligation to update its forward-looking statements whether as a result of new information, future events or otherwise, after the date of this press release.
CYTOKINETICS® and the C-shaped logo are registered trademarks of Cytokinetics in the U.S. and certain other countries.

Frequently Asked Questions

When is Cytokinetics' Investor and Analyst Day?

The event is on October 19, 2023, from 8:30 AM to 11:30 AM ET.

What topics will be discussed at the event?

The focus will be on cardiac myosin inhibition programs, including new data from ongoing studies.

Who are the featured experts at the panel discussion?

Experts include Dr. Theodore Abraham, Dr. Caroline Coats, and Dr. Carolyn Ho.

How can interested parties register for the event?

Registration is available online at Cytokinetics' designated event link.

What is the purpose of the Investor and Analyst Day?

To discuss advances in heart failure treatments and share patient perspectives.

Last updated: Oct 5, 2023