other material
confidence high
sentiment neutral
materiality 0.60
Rhythm terminates RareStone license for IMCIVREE in China; reacquires rights for $6.3M
RHYTHM PHARMACEUTICALS, INC.
- Termination of 2021 Exclusive License and Share Purchase agreements with RareStone Group Ltd.
- Rhythm pays $6.3M repayment of upfront payment; returns all RareStone shares for no consideration.
- Reacquires full rights to IMCIVREE (setmelanotide) in mainland China, Hong Kong, and Macau.
- Global trial for hypothalamic obesity on track for Q2 2025 topline data readout.