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Stock impact report

2 Incredible Growth Stocks to Buy Right Now [Yahoo! Finance]

Cytokinetics, Incorporated (CYTK) 
Last cytokinetics, incorporated earnings: 3/3 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.cytokinetics.com/investor-overview
Company Research Source: Yahoo! Finance
In fact, recent studies show that the average cost of developing a new drug stands at a staggering $2.3 billion. To manage these substantial costs, biotech companies often turn to loans as a crucial part of their financing strategy. However, the interest on these loans can eat into future free cash flows, making their stocks especially vulnerable to higher rates. Although it's unclear when the Federal Reserve will pivot on interest rates, most experts anticipate that the central bank will start to reduce rates at some point in 2024. This event could act as a significant catalyst for biotech equities at large. Which biotech stocks are the most compelling buys leading up to this potential catalyst? Cytokinetics (NASDAQ: CYTK) and Viking Therapeutics (NASDAQ: VKTX) screen as top buys right now. Here's why. An undervalued muscle disease specialist Cytokinetics, a company specializing in serious muscle diseases, has recently seen its shares undergo significant turbulence. This vo Show less Read more
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