By Josh Beckerman

 

Shares of Rhythm Pharmaceuticals Inc., which focuses on drugs for rare genetic diseases of obesity, were recently up 12%, to $3.85.

Thursday is the Prescription Drug User Fee Act goal date for the company's supplemental New Drug Application for Imcivree, for patients with Bardet-Biedl Syndrome or Alström syndrome. The U.S. Food and Drug Administration approved the drug in November 2020 for chronic weight management for patients with three rare genetic conditions.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

June 16, 2022 14:46 ET (18:46 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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