'Amid Acquisition Speculation, Cytokinetics CEO Stresses Company Can Launch Heart Drug On Its Own' - STAT News
Portfolio Pulse from Benzinga Newsdesk
Cytokinetics CEO Robert Blum emphasized the company's ability to independently launch its heart drug, aficamten, despite acquisition speculation following positive Phase 3 results. Investors are concerned about the biotech's resources to compete with larger pharma companies.
May 17, 2024 | 2:50 pm
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Cytokinetics CEO Robert Blum stated that the company can independently launch its heart drug aficamten, despite acquisition rumors. This follows positive Phase 3 results, but investors are concerned about the company's resources to compete with larger pharma companies.
The CEO's confidence in launching aficamten independently could boost investor confidence in the short term. However, concerns about the company's resources to compete with larger pharma companies may temper this optimism.
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