Rhythm Pharmaceuticals, Inc. (Nasdaq: RYTM), a commercial-stage
biopharmaceutical company focused on transforming the lives of
patients living with rare neuroendocrine diseases, today announced
that David Meeker, M.D., Chair, President and Chief Executive
Officer, will participate in a fireside chat at the upcoming
Oppenheimer 35th Annual Healthcare Life Sciences Conference on
Wednesday, February 12, 2025 at 8:40 a.m. ET.
The fireside chat will be webcasted and available under “Events
& Presentations” in the Investor Relations section of the
Company’s website at www.rhythmtx.com. A replay of the webcast will
be available on the Rhythm website for 30 days following the
presentation.
About Rhythm PharmaceuticalsRhythm is a
commercial-stage biopharmaceutical company committed to
transforming the lives of patients and their families living with
rare neuroendocrine diseases. Rhythm’s lead asset, IMCIVREE®
(setmelanotide), an MC4R agonist designed to treat hyperphagia and
severe obesity, is approved by the U.S. Food and Drug
Administration (FDA) to reduce excess body weight and maintain
weight reduction long term in adult and pediatric patients 2 years
of age and older with syndromic or monogenic obesity due to
Bardet-Biedl syndrome (BBS) or genetically confirmed
pro-opiomelanocortin (POMC), including proprotein convertase
subtilisin/kexin type 1 (PCSK1), deficiency or leptin receptor
(LEPR) deficiency. Both the European Commission (EC) and the UK’s
Medicines & Healthcare Products Regulatory Agency (MHRA) have
authorized setmelanotide for the treatment of obesity and the
control of hunger associated with genetically confirmed BBS or
genetically confirmed loss-of-function biallelic POMC, including
PCSK1, deficiency or biallelic LEPR deficiency in adults and
children 2 years of age and above. Additionally, Rhythm is
advancing a broad clinical development program for setmelanotide in
other rare diseases, as well as investigational MC4R agonists
LB54640 and RM-718, and a preclinical suite of small molecules for
the treatment of congenital hyperinsulinism. Rhythm’s headquarters
is in Boston, MA.
Setmelanotide IndicationIn the United States,
setmelanotide is indicated to reduce excess body weight and
maintain weight reduction long term in adult and pediatric patients
aged 2 years and older with syndromic or monogenic obesity due to
Bardet-Biedl syndrome (BBS) or Pro-opiomelanocortin (POMC),
proprotein convertase subtilisin/kexin type 1 (PCSK1), or leptin
receptor (LEPR) deficiency as determined by an FDA-approved test
demonstrating variants in POMC, PCSK1, or LEPR genes that are
interpreted as pathogenic, likely pathogenic, or of uncertain
significance (VUS).
In the European Union and the United Kingdom, setmelanotide is
indicated for the treatment of obesity and the control of hunger
associated with genetically confirmed BBS or loss-of-function
biallelic POMC, including PCSK1, deficiency or biallelic LEPR
deficiency in adults and children 2 years of age and above. In the
European Union and the United Kingdom, setmelanotide should be
prescribed and supervised by a physician with expertise in obesity
with underlying genetic etiology.
Limitations of Use
Setmelanotide is not indicated for the treatment of patients
with the following conditions as setmelanotide would not be
expected to be effective:
- Obesity due to suspected POMC, PCSK1, or LEPR deficiency with
POMC, PCSK1, or LEPR variants classified as benign or likely
benign
- Other types of obesity not related to BBS or POMC, PCSK1, or
LEPR deficiency, including obesity associated with other genetic
syndromes and general (polygenic) obesity
Contraindication
Prior serious hypersensitivity to setmelanotide or any of the
excipients in IMCIVREE. Serious hypersensitivity reactions (e.g.,
anaphylaxis) have been reported.
WARNINGS AND PRECAUTIONS
Disturbance in Sexual Arousal: Spontaneous
penile erections in males and sexual adverse reactions in females
have occurred. Inform patients that these events may occur and
instruct patients who have an erection lasting longer than 4 hours
to seek emergency medical attention.
Depression and Suicidal Ideation: Depression,
suicidal ideation and depressed mood have occurred. Monitor
patients for new onset or worsening depression or suicidal thoughts
or behaviors. Consider discontinuing IMCIVREE if patients
experience suicidal thoughts or behaviors, or clinically
significant or persistent depression symptoms occur.
Hypersensitivity Reactions: Serious
hypersensitivity reactions (e.g., anaphylaxis) have been reported.
If suspected, advise patients to promptly seek medical attention
and discontinue IMCIVREE.
Skin Hyperpigmentation, Darkening of Pre-existing Nevi,
and Development of New Melanocytic Nevi: Generalized or
focal increases in skin pigmentation, darkening of pre-existing
nevi, development of new melanocytic nevi and increase in size of
existing melanocytic nevi have occurred. Perform a full body skin
examination prior to initiation and periodically during treatment
to monitor pre-existing and new pigmented lesions.
Risk of Serious Adverse Reactions Due to Benzyl Alcohol
Preservative in Neonates and Low Birth Weight Infants:
IMCIVREE is not approved for use in neonates or infants. Serious
and fatal adverse reactions including “gasping syndrome” can occur
in neonates and low birth weight infants treated with benzyl
alcohol preserved drugs.
ADVERSE REACTIONS
Most common adverse reactions (incidence ≥20%) included skin
hyperpigmentation, injection site reactions, nausea, headache,
diarrhea, abdominal pain, vomiting, depression, and spontaneous
penile erection.
USE IN SPECIFIC POPULATIONS
Treatment with IMCIVREE is not recommended when breastfeeding.
Discontinue IMCIVREE when pregnancy is recognized unless the
benefits of therapy outweigh the potential risks to the fetus.
To report SUSPECTED ADVERSE REACTIONS, contact Rhythm
Pharmaceuticals at +1 (833) 789-6337 or FDA at 1-800-FDA-1088 or
www.fda.gov/medwatch. See section 4.8 of the Summary of Product
Characteristics for information on reporting suspected adverse
reactions in Europe.
Please see the full Prescribing Information for
additional Important Safety Information.
Forward-looking Statements This press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. All statements
contained in this press release that do not relate to matters of
historical fact should be considered forward-looking statements,
including without limitation statements our participation in
upcoming events and presentations, including the timing thereof.
Statements using words such as “expect”, “anticipate”, “believe”,
“may”, “will” and similar terms are also forward-looking
statements. Such statements are subject to numerous risks and
uncertainties, including, but not limited to, risks relating to our
net revenues and anticipated financial results for the fiscal year
ended December 31, 2024, our ability to enroll patients in clinical
trials, the design and outcome of clinical trials, the impact of
competition, the ability to achieve or obtain necessary regulatory
approvals, risks associated with data analysis and reporting, our
ability to successfully commercialize setmelanotide, our liquidity
and expenses, our ability to retain our key employees and
consultants, and to attract, retain and motivate qualified
personnel, and general economic, political and regulatory
conditions, and the other important factors discussed under the
caption “Risk Factors” in Rhythm’s Quarterly Report on Form
10-Q for the three months ended September 30, 2024 and other
filings with the Securities and Exchange Commission. Except as
required by law, we undertake no obligations to make any revisions
to the forward-looking statements contained in this release or to
update them to reflect events or circumstances occurring after the
date of this release, whether as a result of new information,
future developments or otherwise.
Corporate
Contact:David ConnollyHead of Investor Relations and
Corporate CommunicationsRhythm Pharmaceuticals,
Inc.857-264-4280dconnolly@rhythmtx.com
Media Contact:Sheryl
SeapyReal Chemistry(949) 903-4750sseapy@realchemistry.com
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