Cytokinetics Announces 2025 Corporate Milestones and Vision 2030
13 January 2025 - 11:30PM
Cytokinetics, Inc. (Nasdaq: CYTK) today provided guidance for
corporate milestones expected to occur in 2025 and outlined its
aspirational Vision 2030, five-year strategic objectives designed
to propel Cytokinetics to becoming the leading muscle-focused
specialty biopharmaceutical company intent on meaningfully
improving the lives of patients through global access to
innovative medicines.
“In 2025 we are poised for a defining year with
principal focus to the potential approval and commercial launch of
aficamten for obstructive HCM in the United States. At the same
time, we are executing on a robust clinical trials development
program for aficamten inclusive of MAPLE-HCM, with results expected
in the first half of this year as may potentially support the use
of aficamten as monotherapy,” said Robert I. Blum, Cytokinetics’
President and Chief Executive Officer. “In addition, we are
advancing our later-stage development programs for omecamtiv
mecarbil and CK-586 in adjacent specialty cardiology indications
with intention to further augment our pipeline over time.
Cytokinetics is well positioned to prudently and meaningfully
deliver increased shareholder value as we continue to execute well
on key milestones and position the company to achieve longer-term
aspirations defining of our Vision 2030.”
Expected 2025 Milestones
Cardiac Muscle Programs
Aficamten (cardiac myosin
inhibitor)
- Advance go-to-market strategies and
prepare to commercially launch aficamten in the U.S. in 2H 2025,
subject to approval by the U.S. Food & Drug Administration
(FDA).
- Continue go-to-market plans in
Germany and expand commercial readiness activities in Europe in
2025, in preparation for potential approval by the European
Medicines Agency (EMA) in 1H 2026.
- Coordinate with Sanofi to support
the potential approval of aficamten in China in 2H 2025, pending
approval by the National Medical Products Administration
(NMPA).
- Report topline results from
MAPLE-HCM (Metoprolol vs
Aficamten in Patients with
LVOT Obstruction on Exercise
Capacity in HCM), the Phase 3 clinical trial
comparing aficamten as monotherapy to metoprolol as monotherapy in
patients with symptomatic obstructive HCM, in 1H 2025.
- Complete patient enrollment of
ACACIA-HCM (Assessment Comparing
Aficamten to Placebo on Cardiac
Endpoints In Adults with
Non-Obstructive HCM), the pivotal Phase 3 clinical
trial of aficamten in patients with non-obstructive HCM, in 2H
2025.
- Complete enrollment of the
adolescent cohort in CEDAR-HCM (Clinical
Evaluation of Dosing with
Aficamten to Reduce Obstruction
in a Pediatric Population in HCM), a clinical
trial of aficamten in a pediatric population with symptomatic
obstructive HCM, in 2H 2025.
Omecamtiv mecarbil (cardiac
myosin activator)
- Continue patient enrollment in
COMET-HF (Confirmation of
Omecamtiv Mecarbil
Efficacy Trial in
Heart Failure), a confirmatory
Phase 3 clinical of omecamtiv mecarbil in patients with symptomatic
heart failure with severely reduced ejection fraction (HFrEF)
through 2025 to enable completion of enrollment in 2026.
CK-586 (cardiac myosin
inhibitor)
- Complete enrollment of the first
two patient cohorts in AMBER-HFpEF, (Assessment of
CK-586 in a Multi-Center, Blinded
Evaluation of Safety and Tolerability
Results in HFpEF), a Phase 2
clinical trial of CK-586 in patients with symptomatic heart failure
with preserved ejection fraction (HFpEF) in 2H 2025.
Skeletal Muscle Program
CK-089 (fast skeletal muscle
troponin activator)
- Complete the Phase 1 study of
CK-089 in healthy human participants in 2025.
Ongoing Research
- Continue ongoing pre-clinical
development and research activities directed to additional muscle
biology focused programs.
Vision 2030
The Company also outlined its Vision 2030:
“Empowering Muscle, Empowering Lives” with the following
objectives:
- Innovation:
Advance two approved products across three indications and ten
novel molecular entities (NMEs) in our pipeline.
- Ignition: Achieve
broad access and rapid use of our medicines in >15 countries
throughout North America and Europe.
- Impact: Reach
>100,000 patients globally with our medicines.
- Inspiration:
Foster a patient-centric culture with emphasis on equitable
access.
- Ingenuity: Extend
our leadership in muscle biology deploying multiple therapeutic
modalities.
“Our Vision 2030 provides the aspirational
roadmap, aligned with our corporate five-year strategic plan, that
will propel us forward as a fully integrated and leading specialty
biopharma company intent on delivering innovative medicines to
patients around the world,” said Mr. Blum. “Vision 2030 articulates
ambitious company goals to deliver product approvals, achieve broad
access to our medicines, promote equitable access and advance our
pioneering research to benefit patients, shareholders and
employees.”
About Cytokinetics
Cytokinetics is a late-stage, muscle biology
specialty biopharmaceutical company focused on discovering,
developing and commercializing muscle biology-directed drug
candidates as potential treatments for debilitating diseases in
which muscle performance is compromised. As a leader in muscle
biology and the mechanics of muscle performance, Cytokinetics is
intent on meaningfully improving the lives of patients through
global access to innovative medicines. Cytokinetics is
readying for potential regulatory approvals and commercialization
of aficamten, a next-in-class cardiac myosin inhibitor following
positive results from SEQUOIA-HCM, the pivotal Phase 3 clinical
trial in patients with obstructive hypertrophic cardiomyopathy
(HCM). Aficamten is also being evaluated in additional clinical
trials enrolling patients with obstructive and non-obstructive HCM.
Cytokinetics is also developing omecamtiv mecarbil, a cardiac
myosin activator, in patients with heart failure with severely
reduced ejection fraction (HFrEF), CK-586, a cardiac myosin
inhibitor with a mechanism of action distinct from aficamten, for
the potential treatment of heart failure with preserved ejection
fraction (HFpEF) and CK-089, a fast skeletal muscle troponin
activator with potential therapeutic application to a specific type
of muscular dystrophy and other conditions of impaired skeletal
muscle function.
For additional information about Cytokinetics,
visit www.cytokinetics.com and follow us on X, LinkedIn, Facebook
and YouTube.
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 express or implied relating to the
properties or potential benefits of aficamten or any of our other
drug candidates, our ability to obtain regulatory approval for
aficamten for the treatment of obstructive hypertrophic
cardiomyopathy or any other indication from FDA or any other
regulatory body in the United States or abroad on a timely basis,
or at all, the labeling or post-marketing conditions that FDA or
another regulatory body may require in connection with the approval
of aficamten, our ability to timely enroll and complete the
ACACIA-HCM, AMBER-HFpEF, CEDAR-HCM, COMET-HF or CK-089 clinical
trials, our ability to timely report the results of the MAPLE-HCM
trial, and our ability achieve any element of our Vision 2030. 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 outlines 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 CYTOKINETICS and C-shaped
logo are registered trademarks of Cytokinetics in the U.S. and
certain other countries.
Contact:CytokineticsDiane
WeiserSenior Vice President, Corporate Affairs(415) 290-7757
Cytokinetics (NASDAQ:CYTK)
Historical Stock Chart
From Dec 2024 to Jan 2025
Cytokinetics (NASDAQ:CYTK)
Historical Stock Chart
From Jan 2024 to Jan 2025