Roth Positive on Cytokinetics (CYTK) Following Phase III VITALITY-ALS Initiation

July 14, 2015 10:50 AM EDT
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Price: $33.61 -0.68%

Rating Summary:
    13 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 0 | New: 19
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Roth Capital affirms Cytokinetics (Nasdaq: CYTK) with a Buy rating and $18 price target following news that the company initiated the Phase III VITALITY-ALS study.

Analyst Joseph Pantginis offered the following commentary on the event: We believe the initiation of this Phase III study highlights CYTK's successful management of the outcome of BENEFIT-ALS which was initially perceived as another failure in ALS but with additional work and analyses showed that tirasemtiv was the first ALS treatment to show a positive clinical on respiratory function. With regards to the study design we believe that the company has learned valuable lessons from BENEFIT-ALS, implementing necessary changes into the protocol.

For an analyst ratings summary and ratings history on Cytokinetics click here. For more ratings news on Cytokinetics click here.

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