Bros. Advisors Lp Baker Purchases 885,000 Shares of Rhythm Pharmaceuticals Inc (RYTM) Stock
Rhythm Pharmaceuticals Inc (NASDAQ:RYTM) insider Bros. Advisors Lp Baker bought 885,000 shares of Rhythm Pharmaceuticals stock in a transaction on Thursday, October 5th. The stock was acquired at an average cost of $17.00 per share, with a total value of $15,045,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Rhythm Pharmaceuticals Inc (NASDAQ RYTM) opened at 25.25 on Friday. Rhythm Pharmaceuticals Inc has a 12-month low of $23.82 and a 12-month high of $30.55.
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About Rhythm Pharmaceuticals
Rhythm Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of peptide therapeutics for the treatment of rare genetic deficiencies that result in life-threatening metabolic disorders. The Company’s lead peptide product candidate is setmelanotide, a potent, first-in-class melanocortin-4 receptor, or MC4R, agonist for the treatment of rare genetic disorders of obesity.
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