Cytokinetics, Inc. Reports Third Quarter 2008 Financial Results

SOUTH SAN FRANCISCO, CA--(Marketwire - October 30, 2008) - Cytokinetics, Incorporated (NASDAQ: CYTK), reported revenues from research and development collaborations of $3.1 million for the third quarter of 2008. The net loss for the three months ended September 30, 2008, which included $2.5 million in restructuring charges, was $16.3 million, or $0.33 per share compared to a net loss of $11.3 million, or $0.24 per share for the same period in 2007. As of September 30, 2008, cash, cash equivalents, restricted cash and long-term investments totaled $91.6 million.
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