Cytokinetics CEO Says "We Have Not Been Conducting A For Sale Process For Cytokinetics. But When People Knock On Our Door, We Have A Fiduciary Obligation To Open The Door And Address And Engage"
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Cytokinetics CEO clarified at the Oppenheimer 34th Annual Healthcare Life Sciences Conference that the company is not actively seeking a sale. However, they are open to discussions if approached, due to their fiduciary obligations.
February 13, 2024 | 4:19 pm
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Cytokinetics' CEO stated the company is not actively for sale but will entertain offers, indicating a potential for acquisition talks.
The CEO's statement suggests that while Cytokinetics is not actively seeking a sale, the company is open to potential acquisition discussions. This openness could attract interest from larger pharmaceutical or biotech firms, potentially leading to a short-term positive impact on CYTK's stock price as investors speculate on possible acquisition scenarios.
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