Cytokinetics Breakthrough Sends Stocks Skyrocketing || Short News
Cytokinetics Breakthrough Sends Stocks Skyrocketing || Short News
Shares of Cytokinetics Inc. surged as the cardiovascular-biopharmaceutical company unveiled positive outcomes from a Phase 3 trial of aficamten, a hypertrophic cardiomyopathy (HCM) treatment. The Sequoia-HCM trial revealed a significant and clinically meaningful boost in exercise capacity after 24 weeks of aficamten treatment. The stock jumped 63.1%, eyeing its highest close since 2004, and poised for a record one-day gain. The positive trial data, with no treatment interruptions, led analysts to speculate on a potential merger, adding to the stock's impressive 122.7% December gain.
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