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Cytokinetics

Cytokinetics reports $1.4 million in revenue from R & D collaborations in second quarter

Published in Cardiovascular Business Week, August 22nd, 2006

Cytokinetics, Incorporated (CYTK) reported revenues from research and development collaborations of $1.4 million for the second quarter of 2006.

Net loss for the second quarter of 2006 was $13.3 million, or $0.37 per share. As of June 30, 2006, cash, cash equivalents, restricted cash and marketable securities totaled $100.0 million.

"The second quarter of 2006 was eventful for Cytokinetics as we announced promising data from our cardiovascular and oncology programs and extended our research collaboration with GlaxoSmithKline. In June, we shared positive top-line results from our Phase I clinical trial with CK-1827452, which we believe may prove to be...

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