
Investors in Cytokinetics May Have Lead Role in SecuritiesâFraud Lawsuit
âĒBy ADMIN
Related Stocks:CYTK
A national shareholderârights law firm, The Schall Law Firm, has issued a notice to investors that a class action lawsuit has been filed on behalf of shareholders of Cytokinetics, Incorporated (NASDAQ:âŊCYTK) for alleged violations of SectionsâŊ10(b) and 20(a) of the Securities Exchange Act of 1934 and RuleâŊ10bâ5. The period in question spans from DecemberâŊ27,âŊ2023 to MayâŊ6,âŊ2025, and investors who purchased the companyâs securities during that time are encouraged to contact the firm by NovemberâŊ17,âŊ2025 to discuss taking a leadership role in the proceeding. According to the complaint, Cytokinetics reportedly misled the market by maintaining that it expected FDA approval of its NDA for aficamten in the second half of 2025, while failing to disclose that it had not yet submitted a required Risk Evaluation and Mitigation Strategy (REMS) which could delay FDA review. The company revealed on MayâŊ6 that it had multiple preâNDA meetings with the FDA regarding safety and risk mitigation but still filed without submitting the REMS, triggering alleged investor losses once the truth emerged.
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