CYTK coming back nicely when yesterday AMGN announced it would release the two new data for their partnership drug pipelines. CYTK was suppose to release the data initially but AMGN is taking the lead on PR(maybe positive results, why else would AMGN expose itself more publicly). Wonder if AMGN will announce data on Sept 3 and consider a buyout of CYTK? Anything is possible.
BTW AMGN is on a hot streak, just purchasing ONXX for 10.5 billion and taking a loan to make this purchase due to foreign tax guideline. Plenty of more cash in the bank for more acquisitions.
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