Cytokinetics (CYTK) Announces Proposed $150M Share Common Offering

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Cytokinetics (CYTK) Prices 7.29M Share Common Offering at $24/Sh

July 17, 2020 5:56 AM EDT

Cytokinetics, Incorporated (NASDAQ: CYTK) today announced the pricing of an underwritten public offering of 7,291,667 shares of its common stock at a price to the public of $24.00 per share, before underwriting discounts and commissions. The gross proceeds to Cytokinetics from the offering, before deducting underwriting... More

Cytokinetics (CYTK) PT Raised to $29 at JMP Securities

July 15, 2020 4:17 AM EDT

JMP Securities raised its price target on Cytokinetics (NASDAQ: CYTK) to $29.00 (from $23.00) while maintaining a Market Outperform rating.... More

Cytokinetics (CYTK) PT Raised to $38 at H.C. Wainwright, After Licensing Collaboration Announced

July 14, 2020 12:12 PM EDT

H.C. Wainwright analyst Joseph Pantginis raised the price target on Cytokinetics (NASDAQ: CYTK) to $38.00 (from $35.00) while maintaining a Buy rating.

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Cytokinetics (CYTK) PT Raised to $33 at Piper Sandler, After Licensing Collaboration Announced

July 14, 2020 11:11 AM EDT

Piper Sandler analyst Edward A. Tenthoff raised the price target on Cytokinetics (NASDAQ: CYTK) to $33.00 (from $28.00) while maintaining a Overweight rating.

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Cytokinetics (CYTK) Reports Licensing Collaboration & Royalty Monetization Deals with RTW Investments Focused to CK-3773274, Next-Generation Cardiac Myosin Inhibitor

July 14, 2020 7:32 AM EDT

Cytokinetics, Incorporated (NASDAQ: CYTK) today announced that it has agreed to a series of transactions with certain companies wholly owned by investment funds managed by RTW Investments, LP, and Ji Xing Pharmaceuticals Limited (Ji Xing), related to CK-3773274 (CK-274), a next-generation cardiac myosin inhibitor that Cytokinetics is developing for the potential treatment of hypertrophic cardiomyopathies (HCMs) and other clinical indications that may be associated with excessive cardiac muscle contractility. Pursuant to these transactions, Cytokinetics will receive a combination of committed capital, funding and sale proceeds of up to $250 million from RTW and is eligible to... More