Rhythm Pharmaceuticals Says Cash On-Hand Of $299.3M Sufficient To Fund Planned Operations Into 2026
Portfolio Pulse from Benzinga Newsdesk
Rhythm Pharmaceuticals has announced that its current cash on-hand of $299.3 million is sufficient to fund its planned operations into 2026.
November 07, 2023 | 12:12 pm
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POSITIVE IMPACT
Rhythm Pharmaceuticals' financial stability is reinforced with its cash on-hand of $299.3 million, which is expected to fund its operations until 2026.
The announcement of sufficient cash on-hand to fund operations for several years indicates financial stability and reduces the risk of insolvency. This is likely to be viewed positively by investors, potentially leading to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100