Citi initiated coverage of Rhythm Pharmaceuticals (RYTM) with a Buy rating and $136 price target The firm says Rhythm is a commercial-stage biotech developing therapies that target the MC4R pathway for rare neuroendocrine diseases. Citi sees a high probability of approval for Imcivree in acquired hypothalamic obesity into the FDA action date of March 20, 2026.
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Read More on RYTM:
- Rhythm announces presentation of four datasets at ObesityWeek
- Rhythm Pharmaceuticals price target raised to $114 from $105 at Canaccord
- Positive Outlook for Rhythm Pharmaceuticals Despite FDA Review Delay and Financial Shortfall
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- Rhythm announces FDA extension of review period for IMCIVREE