Aug. 5 at 10:13 AM
$PTN see results from RYTM showing evidence that once-weekly formulation targeting MC4R agonist for HO works!
I view that as massively derisking for PTN.
Stock down 60% since last earnings bc of delay in filing IND that is preposterous. Thesis remains they file IND in Q4 and start trial 30days after (warrant infusion kicks in after IND cleared) and we get Ph1 results with HO oatients to see an efficacy signal. RYTm has an enterprise value of
$6.7Billion vs PTN trading nearly at cash value with EV of
$5M… hello… there is upside ahead if they execute!!!
https://ir.rhythmtx.com/news-releases/news-release-details/rhythm-pharmaceuticals-reports-second-quarter-2026-financial
https://ir.rhythmtx.com/news-releases/news-release-details/rhythm-pharmaceuticals-announces-preliminary-data-phase-2-trial