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0.00267379679144378 -0.00571639314032827 -0.00931218882537346 -0.0158583809699428 -0.0167803798635442 0.00682279181264978 -0.0116171860593768 0.00396459524248564
Stock impact report

Obesity drug data helps Rhythm defy market slide [Yahoo! Finance]

Rhythm Pharmaceuticals, Inc. (RYTM) 
Last rhythm pharmaceuticals, inc. earnings: 3/8 08:12 am Check Earnings Report
US:NASDAQ Investor Relations: ir.rhythmtx.com
Company Research Source: Yahoo! Finance
Rhythm Pharmaceuticals on Monday said its drug for rare obesity conditions met the main goal of a Phase 3 clinical trial, helping people with weight gain triggered by brain injury lose about one-sixth of their body weight over one year of treatment. The company plans to ask U.S. and European regulators to expand approval of the drug, called setmelanotide. The once-daily shot is marketed as Imcivree after being authorized in the U.S. in 2020 to treat people with genetically driven forms of obesity Imcivree earned $130 million in 2024 sales across its currently approved uses. Stifel analyst Paul Matteis wrote in a note to clients that the new indication is “a blockbuster opportunity with the potential for a fast ramp” in sales, adding that the weight loss data look “very strong.” Investors remain enthusiastic about the market for obesity drugs. The GLP-1 drugs Wegovy and Zepbound recorded sales of $8.4 billion and $4.9 billion respectively in 2024. Their climbing sales, along wit Show less Read more
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