Fly News Breaks for May 6, 2019
May 6, 2019 | 07:11 EDT
H.C. Wainwright analyst Joseph Pantginis raised his price target for Cytokinetics to $26 from $21 and keeps a Buy rating on the shares. While the Phase 2 trial testing reldesemtiv in patients with amyotrophic lateral sclerosis missed its endpoint misses, reldesemtiv activity was "clear and broad,: setting up the next steps, Pantginis tells investors in a research note titled "Bad Headline, Impressive Data; Reldesemtiv Effects Consistent; Target Increased to $26." The analyst believes the data show important characteristics of reldesemtiv, including comparable effects across all doses, consistent effects across all timepoints, and durability of the effects.
News For CYTK From the Last 2 Days