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home / news releases / RYTM - Rhythm Pharma has ~$3.4M in deposits with SVB Financial

RYTM - Rhythm Pharma has ~$3.4M in deposits with SVB Financial

Rhythm Pharmaceuticals Inc.

2023-03-10 15:07:43 ET

  • Rhythm Pharmaceuticals ( NASDAQ: RYTM ) said Friday that it has ~$3.4M in deposit accounts at Silicon Valley Bank ( SIVB ), which the FDIC has just taken over .
  • The pharma said the cash on deposit at the bank represents ~1.1% of its overall cash and equivalents.
  • Rhythm ( RYTM ) is down ~6% in late Friday afternoon trading.
  • Read why Seeking Alpha's Quant Rating views Rhythm ( RYTM ) as a strong buy.

For further details see:

Rhythm Pharma has ~$3.4M in deposits with SVB Financial
Stock Information
Company Name: Rhythm Pharmaceuticals Inc.
Stock Symbol: RYTM
Market: NASDAQ
Website: rhythmtx.com
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