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0 0.00438737292669873 0.00133761369716426 -0.00952380952380953 -0.0189941144997325 -0.0423756019261638 -0.0371321562332798 -0.0348314606741573
Stock impact report

Rhythm Pharmaceuticals (RYTM) PT Increased From $136 to $143 at Wells Fargo on IMCIVREE Launch Optimism [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
TheFly reported on March 12 that Wells Fargo increased its price target for RYTM to $143 from $136 while keeping an Overweight rating on the stock. The update reflects slightly higher revenue projections and greater confidence in the launch of IMCIVREE for hypothalamic obesity. Discussions with physicians treating early patient populations post-approval reinforced the firm's view of the therapy's peak market potential. Separately, on March 1, Rhythm Pharmaceuticals, Inc. (NASDAQ:RYTM) released new 52-week results from its global Phase 3 TRANSCEND trial evaluating setmelanotide in patients with acquired hypothalamic obesity (HO). The updated dataset included 12 patients from a Japanese cohort and 10 additional participants beyond the original 120-patient pivotal cohort. Results showed a 16.4% mean reduction in BMI for treated patients compared with a 2.4% increase in the placebo group at 52 weeks, with a placebo-adjusted difference of 18.8%. Among patients aged 12 and older, weekly Show less Read more
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