Way forward unclear for Cytokinetics and Amgen
Shares in muscle biology specialist Cytokinetics (Nasdaq: CYTK) have fallen 5%, after the firm presented detailed results from the Phase III GALACTIC-HF study of omecamtiv mecarbil.
The company is testing the selective cardiac myosin activator in heart failure, together with Amgen (Nasdaq: AMGN), with funding and strategic support from French drugmaker Servier.
Results from the trial demonstrate a significant 8% relative risk reduction on the primary composite endpoint of heart failure or cardiovascular death, compared with placebo.
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