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Stock impact report

Rhythm obesity drug wins broader use from FDA [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
The Food and Drug Administration has widened use of a drug for rare forms of obesity in a decision that could significantly strengthen the sales outlook for its developer, Rhythm Pharmaceuticals. The FDA on Friday cleared use of Imcivree , a one-daily injection, for adults and children at least 4 years of age with a type of obesity driven by injury to the hypothalamic region of the brain. In clinical testing, Rhythm's drug helped people with this “acquired hypothalamic obesity” lose about 18 percentage points more of their body weight than placebo recipients. It's now the first medication available for the condition. “This is a transformative milestone for Rhythm and reinforces our commitment to bringing meaningful therapies to patients living with rare MC4R pathway diseases,” said Rhythm CEO David Meeker in a statement, referring to the biological pathway Imcivree acts on. The clearance marks a step forward for a company whose value has more than quintupled since going public Show less Read more
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