On September 9, Cytokinetics rose 5.1% in regular trading, trading at $76.32/share, with turnover of approximately $84.73 million. The rally reflects sustained momentum following a series of positive clinical catalysts.
On the news front, the company recently presented full results from its pivotal Phase 3 ACACIA-HCM trial in a Late Breaking session at the European Society of Cardiology Congress. Aficamten successfully met both co-primary endpoints — KCCQ-CSS and maximal exercise capacity — in patients with symptomatic non-obstructive hypertrophic cardiomyopathy over 36 weeks, with no new safety signals identified. The results were simultaneously published in The New England Journal of Medicine. Cytokinetics plans to submit a supplemental New Drug Application to the FDA in Q4, seeking to expand aficamten's approved indication to adult non-obstructive HCM patients. RBC Capital Markets previously estimated this label expansion could add approximately $1.3 billion in U.S. revenue. Meanwhile, the commercial launch of Myqorzo for obstructive HCM continues to gain traction, and the company has announced participation in upcoming September investor conferences.
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