Rhythm Pharmaceu Stock Price, News & Analysis

Rhythm Pharmaceuticals (Nasdaq: RYTM) announced that CEO David Meeker will present at the Stifel 2021 Virtual Healthcare Conference on November 15, 2021, at 11:20 a.m. ET. A live webcast will be accessible on the company’s website, with a replay available for 30 days post-event.

Rhythm specializes in therapies for rare genetic obesity diseases. Their product, IMCIVREE (setmelanotide), approved in the U.S. and Europe for specific genetic obesity conditions, continues to show promise with ongoing development in additional obesity-related disorders.

Rhythm Pharmaceuticals (RYTM) has submitted regulatory filings for IMCIVREE® (setmelanotide) for treating Bardet-Biedl and Alström syndromes, with launch preparations set for mid-2022. In Q3 2021, IMCIVREE net sales reached $1 million, marking a revenue milestone since its FDA approval in November 2020. The company presented 22 data studies at major medical conferences, including positive outcomes on health-related quality of life for patients with rare genetic obesity diseases. Cash position as of September 30, 2021, was approximately $328.4 million, indicating strong financial support for ongoing operations.

Rhythm Pharmaceuticals (Nasdaq: RYTM) presented comprehensive data on setmelanotide at ObesityWeek 2021, focusing on its effects on Bardet-Biedl Syndrome (BBS). Key findings include that 85% of patients reported improved health-related quality of life (HRQOL) after one year on therapy, along with significant reductions in BMI—9.1% for adults and 9.5% for pediatric patients. New data from Phase 2 trials showed setmelanotide also reduced hunger in patients with SH2B1 and SRC1 deficiencies. The company aims to expand clinical evaluations to 36 relevant genes affecting obesity.

Rhythm Pharmaceuticals (Nasdaq: RYTM) will host a conference call on November 2, 2021, at 8:00 a.m. ET to provide its Q3 2021 financial results and corporate updates. The biopharmaceutical company focuses on rare genetic obesity disorders and has developed IMCIVREE (setmelanotide), the first FDA-approved treatment for obesity due to specific genetic deficiencies. The drug received recent approvals from European authorities. The call will be available via phone and webcast, with an archived version accessible for 30 days after.

Rhythm Pharmaceuticals (Nasdaq: RYTM) announced the submission of a Type II variation application to the European Medicines Agency for its obesity treatment, IMCIVREE (setmelanotide), targeting Bardet-Biedl syndrome (BBS) and Alström syndrome. This submission leans on positive data from a Phase 3 trial showing significant weight loss and hunger control. The company estimates around 1,500 patients in the EU with BBS could benefit, enhancing its position in the rare genetic obesity market.

Rhythm Pharmaceuticals, Inc. (Nasdaq: RYTM) reported promising findings from the Obesity Medicine Association’s Overcoming Obesity 2021 Conference. Setmelanotide, an obesity treatment for POMC and LEPR deficiencies, showed significant improvements in health-related quality of life and hunger management for patients. Updated data from the Uncovering Rare Obesity program revealed that 64.5% of participants with early-onset obesity may carry genetic variants linked to rare obesity diseases. Rhythm plans to launch Phase 3 EMANATE and Phase 2 DAYBREAK trials, furthering its commitment to treating genetic obesity.

Rhythm Pharmaceuticals, Inc. (RYTM) presented promising data from its Phase 2 and 3 trials of setmelanotide aimed at treating rare genetic obesity disorders at the 59th Annual ESPE Meeting. A subgroup analysis of the Phase 3 trial in Bardet-Biedl syndrome showed significant weight loss (3.8 kg) and hunger reduction. The Phase 2 Basket Study indicated 30% and 43% weight loss responses for SRC1 and SH2B1 deficiencies, respectively. These findings support the ongoing EMANATE Phase 3 trial, expanding setmelanotide's potential to treat obesity linked to genetic variants, with a targeted patient population of approximately 100,000-200,000 in the U.S.

Rhythm Pharmaceuticals announced that its drug IMCIVREE (setmelanotide) received marketing authorization in Great Britain for treating obesity linked to specific genetic deficiencies, including POMC, PCSK1, and LEPR. This marks the first authorized treatment option for these rare conditions in Great Britain. IMCIVREE, already approved in the EU and the US, showed significant efficacy in clinical trials, with notable weight loss results. It is set for review by NICE in December 2021, and NHS coverage guidance is expected in Q2 2022.

Rhythm Pharmaceuticals, Inc. (Nasdaq: RYTM) announced the completion of its supplemental New Drug Application (sNDA) for IMCIVREE® (setmelanotide) to treat obesity and control hunger in patients aged 6 and older with Bardet-Biedl syndrome (BBS) or Alström syndrome. This application is based on a pivotal Phase 3 trial demonstrating significant weight and hunger reductions. Rhythm has requested priority review, potentially leading to a six-month review period. The company also plans to submit a marketing authorization application to the European Medicines Agency by Q4 2021.