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Rhythm Pharmaceuticals, Inc.

RYTMFDA catalysts, PDUFA dates & pipeline intelligence
$115.02
▲ +5.16 · +4.7%

Financials

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52W LOW $74.5052W HIGH $122.20
Volume
1.16 M
Value Traded
131.39 M
Short % Float
17.53%
Days to Cover
23.3
+0.95%Week
+30.75%1 Month
-0.36%3 Month
+32.45%6 Month
+305.73%5 Year
+278.46%All Time

Cash Data

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Key Stats

Market Cap
7.88 B
EPS (TTM)
-2.81
P/E Ratio
-
Ent. Value
7.66 B
Total Shares
68.50 M
Float Shares
66.59 M
Insiders
3.96%
Institutions
109.90%

Upcoming Catalysts

FDA decisions, readouts and PDUFA dates · scored by probability of approval

Catalyst Drug / Treatment Stage Prob. of Approval Description Drug Type Therapeutic Area Source
Phase 3 data presentation
IMCIVREE (setmelanotide)
acquired hypothalamic obesity
BreakthroughOrphan
Phase 3PeptidesEndocrine System
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Every FDA decision, readout and PDUFA date, with drug type, therapeutic area and a PoA score you can trade on.
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PoA blends historical approval base rates, trial design score and FDA review track record.

RYTM Catalyst Timeline

Dated clinical, regulatory and corporate events for Rhythm Pharmaceuticals, Inc.

Catalyst Timeline

Dated clinical, regulatory & corporate events for Rhythm Pharmaceuticals, Inc.

547Total events
14Upcoming
150Tier-1 (high impact)
2017 to 2028Coverage

Upcoming catalysts 2

T2Enrollment Complete
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SetmelanotideApproved
T2Enrollment Complete
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RM-718

Event history 50

▲Partnership / LicenseCorporate
Amendment to existing HealthCare Royalty revenue interest financing agreement expected effective at term loan closing
●Debt Royalty FinancingCorporate
Initial $250 million draw under term loan facility expected at closing
▲Reimbursement / PricingSetmelanotideApprovedPost-Market
NICE issues positive guidance expanding IMCIVREE reimbursement to adults with BBS
Bardet-Biedl syndrome (BBS) in adultssource ↗
●Quarterly UpdateCorporate
Reported third quarter 2026 financial results and business update
▲Partnership / LicenseBivamelagonCorporate
Rhythm amended LG Chem bivamelagon license, paying $350M to reduce royalty to 1%
▲Debt Royalty FinancingCorporate
Entered five-year term loan facility led by HealthCare Royalty with Blackstone Life Sciences
▲Product LaunchSetmelanotideApprovedPost-Market
Commercial launch of IMCIVREE in Japan for acquired HO
acquired hypothalamic obesitysource ↗
▲Canada ApprovalSetmelanotideApprovedEx-US Regulatory
Health Canada approved IMCIVREE for weight management in acquired HO
acquired hypothalamic obesitysource ↗
▲Poster PresentationSetmelanotideApprovedPresentation
Poster: Real-world BMI and hunger data for up to 18 months in paediatric acquired HO in France
acquired hypothalamic obesitysource ↗
●Oral PresentationSetmelanotideApprovedPresentation
Six setmelanotide abstracts presented at 64th ESPE Meeting
acquired hypothalamic obesitysource ↗
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Past FDA Catalysts and PDUFA Decisions

How RYTM actually traded into and out of each decision

Date Drug Catalyst Stage Reaction Event Move % Best Trade %
2026-09-08setmelanotide (IMCIVREE) Phase 3 data readout Phase 3
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Reaction: 30 trading days around the event · Event Move: close to close on decision day · Best Trade: peak run-up from entry 10 days before the decision

Drug Pipeline Intelligence

Pipeline Score
Pipeline Value
Commercial Value
Valuation Signal
3
Drugs Scored
rNPV / MCap
Top Drug
Top 35%
Small Cap
(rank 242 of 689)
Percentile Rank
Commercial products (revenue basis: trailing 4 quarters of total revenue (10-K and 10-Q), to Sep 2026; product lines: last four quarters to Sep 2026 (10-K and 10-Q))
ProductRevenuePrior periodChange
IMCIVREE
Showing 16 of 22 assets
DrugIndicationPhasePTRSrNPVStatusEnrollVelocityDesignEst. CompletionML SignalLast Change
Setmelanotide PeptidesMarketedNCT05774756Hypothalamic ObesityApproved ACTIVE NOT_RECRUITING 200Apr 16, 2027
Setmelanotide PeptidesNCT06772597Prader-Willi SyndromePhase 2 ACTIVE NOT_RECRUITING 58Oct 30, 2030
RM-718 Small MoleculesNCT06239116Hypothalamic ObesityPhase 1/2 ACTIVE NOT_RECRUITING 111Nov 1, 2028
Setmelanotide PeptidesMarketedNCT05093634ObesityApproved COMPLETED 296Jun 30, 2026
Setmelanotide PeptidesMarketedNCT04966741Bardet-Biedl SyndromeApproved COMPLETED 83Nov 8, 2024
Setmelanotide PeptidesMarketedNCT03287960Leptin Receptor Deficiency ObesityApproved COMPLETED 15Sep 25, 2020
Setmelanotide PeptidesNot countedNCT03651765Obesity Associated With Defects in Leptin-melanocortin PathwayPhase 3 COMPLETED 233Jan 9, 2025
Setmelanotide PeptidesMarketedNCT02896192Pro-opiomelanocortin (POMC) Deficiency ObesityApproved COMPLETED 15May 25, 2020
Setmelanotide PeptidesMarketedNCT04963231Genetic ObesityApproved COMPLETED 377Sep 30, 2024
Setmelanotide PeptidesNot countedNCT02041195Overweight and ObesityPhase 1/2 COMPLETED 99Dec 1, 2014
Setmelanotide PeptidesNot countedNCT01749137OverweightPhase 2 COMPLETED 74Sep 28, 2013
Setmelanotide PeptidesNot countedNCT03262610HypertriglyceridemiaPhase 2 COMPLETED 1Jan 31, 2018
Setmelanotide PeptidesNot countedNCT04348175Renal InsufficiencyPhase 1 COMPLETED 32Apr 17, 2021
Bivamelagon Small MoleculesNCT06046443Hypothalamic ObesityPhase 2 COMPLETED 53Feb 9, 2026
RM-493 PeptidesMarketedNCT01867437ObesityApproved COMPLETED 15Mar 1, 2014
RM-493 PeptidesNot countedNCT02431442OverweightPhase 1 COMPLETED 57Jan 1, 2014
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Clinical Trial Results

Readouts, endpoints and source filings for every RYTM program

Drug Name Indication Phase Date Trial Results SummaryTitleSource
setmelanotide
BreakthroughPriorityOrphan
acquired hypothalamic obesityPhase 32026-09-10-11.5% reduction in mean BMI from baseline (p <0.0001) in patients who reached 6 months (n=17); -13.4% reduction in mean BMI from baseline (p <0.001) in patients who reached 9 months (n=14); -10.5% reduction in mean BMI from baseline (p <0.01) in patients who reached 12 months (n=13); -9.0% reduction in BMI from baseline (p<0.13) in patients who reached 18 months (n=5); More than 88% of patients achieved a ≥0.2-point reduction in BMI z-score after 6, 9, or 12, and 18 months of treatment; 100% of patients achieving ≥0.2-point reduction in BMI z-score at 12 months (n=13) and 18 months (n=5); Metabolic syndrome z-BMI score mean change was -0.8 vs -0.2 for the placebo group (p=0.006) (n=35 vs n=19); The mean change in Lipid Accumulation Product (LAP) (n=41 vs n=22) from baseline was -25.6 compared with +3.6 for the placebo group (p<0.0001); The mean change in Triglyceride-Glucose Waist Circumference Index (TyG-WC) (n=38 vs n=22) was -116.8 vs +34.0 for the placebo group (p<0.0001)Read MoreRhythm Pharmaceuticals Announces New Data Presentations at the European Society for Paediatric Endocrinology MeetingRead More
Scroll for more · summaries link to the source press release
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Inside Trades

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InsiderSideSharesPriceValueDate
Meeker David PDirector, Officer (President and CEO)Option 50,000 289,258 held$6.05 09/14/2026
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Hedge Fund 13F Activity

Fund % of Portfolio Current MV Shares Owned Activity
RA CAPITAL MANAGEMENT, L.P. 6.4 % (4.9 %) 740.22 M 6.67 M
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Shares held by hedge funds each quarter, and who bought or sold.

Ownership Trends

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Insider and institutional ownership, quarter by quarter.

RYTM Short Interest

Shares sold short, counted twice a month.

17.53%
Short % of Float
of tradable shares sold short
11.7M
Shares Sold Short
+6.1% vs prior count
23.3 Very high
Days to Cover
trading days of normal volume to buy every short share back
500.5K
Avg Daily Volume
the average used for days to cover
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Two years of days to cover and shares sold short, with every count and its change.
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Options Data

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Option Chain Statistics

ExpiryCall VolPut VolVol P/CCall OIPut OIOI P/CIV CallIV Call OI-WtdIV Call Vol-WtdIV PutIV Put OI-WtdIV Put Vol-Wtd
2026-11-20
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Real-Time Option Chain

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Competitive positioning

How RYTM ranks across every disease it competes in

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See how RYTM ranks against every competitor across each disease it develops in: phase, best drug, trials and likelihood of approval.
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RYTM News

RYTM
Nov 4, 2026
RYTMFDA Updates
▲ +28%on this news

Rhythm Pharmaceuticals Announces NICE Guidance for IMCIVREE® (Setmelanotide) Updated to Include Adults Living with Bardet-Biedl Syndrome

Rhythm Pharmaceuticals announced that NICE has updated its guidance for IMCIVREE (setmelanotide) to include adults with genetically confirmed Bardet-Biedl syndrome. This change allows these adults to access funded treatment through the NHS, expanding upon previous recommendations for younger patients. The decision was based on additional evidence highlighting the burden of hyperphagia and obesity associated with the syndrome.

Read more →
RYTM
Nov 3, 2026
RYTMGeneral
▼ -7.5%on this news· ran to +20% by day 3shared move

Rhythm Pharmaceuticals Reports Third Quarter 2026 Financial Results and Business Update

Rhythm Pharmaceuticals reported a strong third quarter for 2026, with net product revenue from IMCIVREE reaching $92.1 million, a 29% increase from the previous quarter. The company is expanding its market presence with the launch of IMCIVREE in Japan and plans to advance bivamelagon into pivotal trials for Prader-Willi syndrome. Management expressed confidence in the growth potential of their product portfolio.

Read more →
RYTM
Nov 3, 2026
RYTMGeneral
▼ -7.5%on this news· ran to +20% by day 3shared move

Rhythm Pharmaceuticals and LG Chem Enter into Amendment to Bivamelagon Exclusive License Agreement

Rhythm Pharmaceuticals announced an amendment to its licensing agreement with LG Chem for bivamelagon, reducing royalties to 1% on global net sales. The company will pay LG Chem an additional $350 million over four years. Rhythm also secured a $750 million term loan facility to support this agreement and its commercialization efforts.

Read more →
RYTM
Oct 21, 2026
RYTMConferences/Events

Rhythm Pharmaceuticals to Report Third Quarter 2026 Financial Results on Tuesday, November 3, 2026

Rhythm Pharmaceuticals will host a conference call on November 3, 2026, to discuss its Q3 financial results. The company will also participate in investor conferences on November 9 and 11, 2026. Rhythm's lead product, setmelanotide, is approved for treating rare neuroendocrine diseases and obesity-related conditions.

Read more →
RYTM
Oct 13, 2026
RYTMFDA Updates

Rhythm Pharmaceuticals Announces Commercial Launch of IMCIVREE® (setmelanotide) in Japan for Patients with Acquired Hypothalamic Obesity

Rhythm Pharmaceuticals has launched IMCIVREE (setmelanotide) in Japan for acquired hypothalamic obesity, following its approval by the Ministry of Health, Labour and Welfare. This marks the first approved treatment for this condition in Japan. The launch is supported by data from a pivotal Phase 3 trial demonstrating significant efficacy in reducing body mass index.

Read more →
RYTM
Sep 22, 2026
RYTMFDA Updates

Rhythm Pharmaceuticals Announces Health Canada Approval of IMCIVREE® (setmelanotide) for Weight Management in Adult and Pediatric Patients 4 years of Age and Older with Acquired Hypothalamic Obesity

Rhythm Pharmaceuticals has received Health Canada approval for IMCIVREE (setmelanotide) to manage weight in patients aged 4 and older with acquired hypothalamic obesity. This approval follows the drug's initial approval for obesity due to Bardet-Biedl syndrome. The decision is based on positive results from the Phase 3 TRANSCEND trial, which demonstrated significant weight loss in participants.

Read more →
RYTM
Sep 10, 2026
RYTMConferences/Events

Rhythm Pharmaceuticals Announces New Data Presentations at the European Society for Paediatric Endocrinology Meeting

Rhythm Pharmaceuticals presented new data at the European Society for Paediatric Endocrinology Meeting, highlighting the efficacy of setmelanotide in treating acquired hypothalamic obesity in pediatric patients. Real-world data showed significant reductions in BMI and hunger scores over 18 months. Additionally, Phase 3 analyses indicated improvements in various cardiometabolic risk indices, supporting the treatment's potential benefits.

Read more →
RYTM
Aug 24, 2026
RYTMFDA Updates

Rhythm Pharmaceuticals Announces MHLW Approval of IMCIVREE® (setmelanotide) for Patients with Acquired Hypothalamic Obesity (HO) in Japan

Rhythm Pharmaceuticals has received marketing authorization from Japan's MHLW for IMCIVREE (setmelanotide) to treat acquired hypothalamic obesity (HO). This approval marks the first therapy for this condition in Japan, with a commercial launch expected by the end of 2026, pending pricing. The decision is supported by positive results from the Phase 3 TRANSCEND trial.

Read more →
RYTM
Aug 17, 2026
RYTMGeneral

Rhythm Pharmaceuticals Announces Appointment of Manher (AJ) Joshi as Chief Medical Officer

Rhythm Pharmaceuticals has appointed Dr. Manher 'AJ' Joshi as Chief Medical Officer, effective August 17, 2026. Dr. Joshi brings over two decades of experience in biopharmaceutical development, which will aid Rhythm's growth and focus on rare neuroendocrine diseases. The company aims to enhance its leadership in this field and advance its clinical pipeline.

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RYTM
Aug 11, 2026
RYTMFDA Updates

Rhythm Pharmaceuticals Announces IMCIVREE® (setmelanotide) Receives Expanded Marketing Authorization in the United Kingdom for Treatment of Obesity and Control of Hunger in Patients with Acquired Hypothalamic Obesity due to Hypothalamic Injury or Impairment

Rhythm Pharmaceuticals announced that the UK regulator expanded IMCIVREE authorization for acquired hypothalamic obesity. The approval covers adults and children aged four and older with this condition. Clinical data showed a 19.8 percent placebo-adjusted reduction in body mass index. The drug also reduced hunger symptoms in patients during the trial period.

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RYTM
Aug 4, 2026
RYTMConferences/Events

Rhythm Pharmaceuticals Announces Participation in Upcoming Investor Conferences

Rhythm Pharmaceuticals announced that its CEO David Meeker and CFO Hunter Smith will participate in fireside chats at three upcoming investor conferences. These events include the Canaccord Genuity 46th Annual Growth Conference, the Wells Fargo 21st Annual Healthcare Conference, and the Morgan Stanley 24th Annual Global Healthcare Conference. The discussions will be webcasted, allowing wider access to the company's updates.

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RYTM
Aug 4, 2026
RYTMGeneral

Rhythm Pharmaceuticals Reports Second Quarter 2026 Financial Results and Business Update

Rhythm Pharmaceuticals reported strong financial results for Q2 2026, with net product revenue from IMCIVREE reaching $71.3 million. The U.S. launch of IMCIVREE for acquired hypothalamic obesity has seen over 400 patient start forms since FDA approval. Positive clinical trial results and upcoming launches in Japan and Europe are expected to drive further growth.

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RYTM
Aug 4, 2026
RYTMPhases

Rhythm Pharmaceuticals Announces Preliminary Data from Phase 2 Trial that Showed RM-718 Demonstrated Positive Efficacy Signal in Acquired Hypothalamic Obesity

Rhythm Pharmaceuticals announced preliminary data from its Phase 2 trial of RM-718, an MC4R agonist for acquired hypothalamic obesity. The trial showed a significant mean BMI reduction of 11.6% after 16 weeks. The results are comparable to existing treatments, with limited adverse effects reported. Management will discuss these findings in a conference call.

Read more →
RYTM
Jul 21, 2026
RYTMConferences/Events

Rhythm Pharmaceuticals to Report Second Quarter 2026 Financial Results on Tuesday, August 4, 2026

Rhythm Pharmaceuticals will host a live conference call on August 4, 2026, to report its second quarter financial results and provide a corporate update. The company focuses on rare neuroendocrine diseases and has received FDA and European Commission approvals for its lead product, setmelanotide. The call will be accessible via their website, with an archived version available for 30 days.

Read more →
RYTM
Jul 8, 2026
RYTMPhases

Rhythm Pharmaceuticals Announces The New England Journal of Medicine Publication of Phase 3 TRANSCEND Trial Results in Acquired Hypothalamic Obesity

Rhythm Pharmaceuticals announced the publication of Phase 3 TRANSCEND trial results in The New England Journal of Medicine. The trial demonstrated significant weight loss and hunger reduction in patients with acquired hypothalamic obesity treated with setmelanotide. The FDA has approved setmelanotide as the first therapy for this condition, highlighting its potential impact on patient care.

Read more →
RYTM
Jun 15, 2026
RYTMConferences/Events

Rhythm Pharmaceuticals Announces Multiple New Data Presentations from MC4R Agonists in Acquired Hypothalamic Obesity (HO), Bardet-Biedl Syndrome (BBS) and Prader-Willi Syndrome (PWS) at ENDO 2026

Rhythm Pharmaceuticals presented new data at ENDO 2026, showcasing the effectiveness of MC4R agonists, particularly setmelanotide and bivamelagon, in treating acquired hypothalamic obesity (HO), Bardet-Biedl syndrome (BBS), and Prader-Willi syndrome (PWS). The data revealed significant weight loss and improvements in hunger measures, with a focus on long-term efficacy and real-world outcomes. However, some adverse events were reported, including nausea and hypersensitivity reactions.

Read more →
RYTM
Jun 13, 2026
RYTMPhases

Rhythm Pharmaceuticals Presents Positive Interim Six-month Data from Phase 2 Trial of Setmelanotide in Patients with Prader-Willi Syndrome (PWS) at ENDO 2026

Rhythm Pharmaceuticals presented positive interim data from a Phase 2 trial of setmelanotide for Prader-Willi syndrome (PWS) at ENDO 2026. The results showed significant reductions in BMI and fat mass, alongside improvements in hyperphagia and anxiety. These findings support the rationale for advancing to Phase 3 trials. The ongoing study includes 17 patients, with promising outcomes noted at the six-month mark.

Read more →
RYTM
Jun 12, 2026
RYTMPhases

Rhythm Pharmaceuticals to Announce Interim Six-Month Phase 2 Results Evaluating Setmelanotide in Patients with Prader-Willi Syndrome

Rhythm Pharmaceuticals will announce interim results from its Phase 2 trial of setmelanotide in patients with Prader-Willi syndrome on June 13, 2026. The conference call will feature insights from company executives and a pediatric endocrinologist. Setmelanotide is already approved for certain obesity-related conditions, highlighting its potential impact on rare diseases.

Read more →
RYTM
May 29, 2026
RYTMConferences/Events
▼ -5%on this news

Rhythm Pharmaceuticals Announces Seven Abstracts Accepted for Presentation at ENDO 2026

Rhythm Pharmaceuticals announced that seven abstracts, including four late-breaking ones, have been accepted for presentation at ENDO 2026, scheduled for June 13-16, 2026. Key presentations will focus on the efficacy of setmelanotide in treating Prader-Willi syndrome and acquired hypothalamic obesity. The company will also host its inaugural MOMENTUM meeting to discuss advancements in MC4R pathway diseases.

Read more →
RYTM
May 28, 2026
RYTMGeneral

Rhythm Pharmaceuticals Announces Publication of New Bardet-Biedl Syndrome Diagnostic Algorithm in the American Journal of Medical Genetics

Rhythm Pharmaceuticals announced the publication of a new diagnostic algorithm for Bardet-Biedl syndrome (BBS) in the American Journal of Medical Genetics. This evidence-based algorithm aims to simplify and expedite the diagnosis of BBS, integrating advances in genetic testing and clinical understanding. It is designed to assist healthcare practitioners in making timely diagnoses across various clinical presentations.

Read more →

About Rhythm Pharmaceuticals, Inc.

Boston, MA 414 employees rhythmtx.com
Headquarters222 BERKELEY STREET, BOSTON, MA, 02116
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