Is RBC’s TRANSCEND-Driven Coverage and FDA Delay Altering The Investment Case For Rhythm (RYTM)?

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RBC Capital Markets initiated coverage on Rhythm Pharmaceuticals following positive Phase 3 TRANSCEND results for setmelanotide and an extended FDA review timeline. While this reinforces the importance of regulatory progress, insider selling and ongoing operating losses present risks. The company’s forecast projects significant revenue growth and earnings by 2028, but multiple analyst views reflect divergent expectations for its fair value.

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