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Cytokinetics, Incorporated Reports Third Quarter 2009 Financial Results
Cytokinetics, 10/29/09
Cytokinetics, Incorporated reported revenues from research and development collaborations of $5.5 million for the third quarter of 2009. The net loss for the third quarter was $8.2 million, or $0.14 per basic and diluted share. This compared to a net loss of $16.3 million, or $0.33 per basic and diluted share, for the same period in 2008. As of September, 2009, cash, cash equivalents and investments, excluding restricted cash and the put option on the company's auction rate securities, totaled $119.2 million.
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