RYTM - RYTM Stock Jumps on Impressive Setmelanotide Data
RYTM stock is making a solid move after Rhythm Pharmaceuticals Inc (NASDAQ:RYTM) announced positive results from two Phase 3 clinical trials evaluating setmelanotide.
Key DevelopmentWhen biotech companies receive positive news with regards to any of their medicines that are under development, then the stock price generally rises, and that is what happened this morning with micro-cap stock Rhythm Pharmaceuticals. Obesity is now a problem that has reached epidemic proportions, and the complications associated with it are well known. Rhythm is involved in manufacturing medicines for treating genetic disorders brought on by obesity.
Today, ...
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