Rhythm Pharmaceuticals Reports Fourth Quarter and Full Year 2017 Financial Results

Rhythm Pharmaceuticals (NASDAQ:RYTM), a biopharmaceutical company aimed at developing and commercializing therapies for the treatment of rare genetic disorders of obesity, today reported financial results and provided a business update for the fourth quarter and full year ended December 31, 2017.

As quoted in the press release:

“2017 was a year of remarkable achievement at Rhythm, marked by our maturation into a late-stage, publicly-traded company and advancements across our clinical program for setmelanotide in six monogenic MC4 pathway deficiencies,” said Keith Gottesdiener, M.D., Chief Executive Officer of Rhythm. “In addition to completing our upsized initial public offering in October, we initiated our first Phase 3 trial of setmelanotide in patients with POMC deficiency obesity and, more recently, initiated a second Phase 3 trial in patients with LEPR deficiency obesity. We are poised to build on this momentum in 2018, as we progress with our ongoing pivotal trials, initiate a third pivotal Phase 3 trial in Bardet-Biedl Syndrome (BBS), and read out initial data from our Phase 2 proof-of-concept study in Alström Syndrome, POMC epigenetic disorders and POMC heterozygous deficiency obesity. We believe setmelanotide has tremendous potential to address the unmet needs facing patients with rare genetic disorders of obesity and look forward to gaining further insights into its potential clinical benefit.”

Click here to read the full press release.