SOUTH SAN FRANCISCO, CA, Jul 24, 2008 (MARKET WIRE via COMTEX News Network) -- Cytokinetics, Incorporated (NASDAQ: CYTK) announced today that it
will report second quarter results on Thursday, July 31, 2008 at 4:00
p.m. Eastern Time. Following the announcement, Cytokinetics' senior
management will host a conference call at 4:30 p.m. Eastern Time to
discuss operational and financial results and the company's outlook
for the future.
The conference call will be simultaneously webcast and can be
accessed in the Investor Relations section of Cytokinetics' website
at www.cytokinetics.com. The live audio of the conference call is also
accessible via telephone to investors, members of the news media and
the general public by dialing either (866) 999-CYTK (2985) (United
States and Canada) or (706) 679-3078 (International) and typing in
the passcode 57547896.
An archived replay of the webcast will be available via Cytokinetics'
website until August 14, 2008. The replay will also be available via
telephone by dialing (800) 642-1687 (United States and Canada) or
(706) 645-9291 (International) and typing in the passcode 57547896
from July 31, 2008 at 5:30 p.m. Eastern Time until August 14, 2008.
About Cytokinetics
Cytokinetics is a biopharmaceutical company focused on the discovery,
development and commercialization of novel small molecule drugs that
may address areas of significant unmet clinical needs. Cytokinetics'
cardiovascular disease program is focused to cardiac myosin, a motor
protein essential to cardiac muscle contraction. Cytokinetics' lead
compound from this program, CK-1827452, a novel small molecule
cardiac myosin activator, entered Phase II clinical trials for the
treatment of heart failure in 2007. Under a strategic alliance
established in 2006, Cytokinetics and Amgen Inc. are performing joint
research focused on identifying and characterizing activators of
cardiac myosin as back-up and follow-on potential drug candidates to
CK-1827452. Amgen has obtained an option for an exclusive license to
develop and commercialize CK-1827452, subject to Cytokinetics'
development and commercial participation rights. Cytokinetics' cancer
program is focused on mitotic kinesins, a family of motor proteins
essential to cell division. Under a strategic alliance established in
2001, Cytokinetics and GlaxoSmithKline (GSK) are conducting research
and development activities focused on the potential treatment of
cancer. Cytokinetics is developing two novel drug candidates that
have arisen from this program, ispinesib and SB-743921, each a novel
inhibitor of kinesin spindle protein (KSP), a mitotic kinesin.
Cytokinetics is sponsoring a Phase I/II clinical trial of ispinesib
as monotherapy as a first-line treatment in chemotherapy-naive
patients with locally advanced or metastatic breast cancer. In
addition, Cytokinetics is conducting a Phase I/II trial of SB-743921
in patients with non-Hodgkin and Hodgkin lymphomas. GSK has obtained
an option for the joint development and commercialization of
ispinesib and SB-743921. Cytokinetics and GSK are conducting
collaborative research activities directed to the mitotic kinesin
centromere-associated protein E (CENP-E). GSK-923295, a CENP-E
inhibitor, is being developed under the strategic alliance by GSK;
GSK began a Phase I clinical trial with GSK-923295 in 2007. In April
2008, Cytokinetics announced the selection of a potential drug
candidate directed towards skeletal muscle contractility which may be
developed as a potential treatment for skeletal muscle weakness
associated with neuromuscular diseases or other conditions. All of
these drug candidates and potential drug candidates have arisen from
Cytokinetics' research activities and are directed towards the
cytoskeleton. The cytoskeleton is a complex biological infrastructure
that plays a fundamental role within every human cell. Additional
information about Cytokinetics can be obtained at
www.cytokinetics.com.
This press release contains forward-looking statements for purposes
of the Private Securities Litigation Reform Act of 1995 (the "Act").
Cytokinetics disclaims any intent or obligation to update these
forward-looking statements, and claims the protection of the Safe
Harbor for forward-looking statements contained in the Act. Examples
of such statements include, but are not limited to, statements
relating to the potential benefits of Cytokinetics' drug candidates
and potential drug candidates. Such statements are based on
management's current expectations, but actual results may differ
materially due to various risks and uncertainties, including, but not
limited to, potential difficulties or delays in the development,
testing, regulatory approval or production of Cytokinetics' drug
candidates that could slow or prevent clinical development, product
approval, including risks that current and past results of clinical
trials or preclinical studies may not be indicative of future
clinical trials results, patient enrollment for clinical trials may
be difficult or delayed, Cytokinetics' drug candidates may have
adverse side effects or inadequate therapeutic efficacy, the U.S. Food
and Drug Administration or foreign regulatory agencies may delay or
limit Cytokinetics' or its partners' ability to conduct clinical
trials, and Cytokinetics may be unable to obtain or maintain patent
or trade secret protection for its intellectual property; GSK may
decide to postpone or discontinue development activities for
GSK-923295, Cytokinetics may incur unanticipated research and
development and other costs or be unable to obtain additional
financing necessary to conduct development of its products, standards
of care may change, others may introduce products or alternative
therapies for the treatment of indications Cytokinetics' drug
candidates and potential drug candidates may target, and risks and
uncertainties relating to the timing and receipt of payments from our
partners, including milestones and royalties on future potential
product sales under Cytokinetics' collaboration agreements with such
partners. For further information regarding these and other risks
related to Cytokinetics' business, investors should consult
Cytokinetics' filings with the Securities and Exchange Commission.
Contacts:
Cytokinetics, Incorporated
Christopher S. Keenan (Investors)
Director, Investor Relations
(650) 624-3000
Cytokinetics, Incorporated
Scott R. Jordan (Media)
Director, Corporate Development
(650) 624-3000
SOURCE: Cytokinetics, Inc.