Rhythm Pharmaceuticals Announces Approval Reimbursement Decision In Italy For IMCIVREE For The Treatment Of Obesity And Control Of Hunger In Bardet-Biedl Syndrome
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Rhythm Pharmaceuticals, Inc. (NASDAQ:RYTM) announced the Italian Medicine Agency (AIFA) approved reimbursement for IMCIVREE (setmelanotide) for treating obesity and controlling hunger in Bardet-Biedl syndrome (BBS) patients in Italy. This marks the first and only treatment option authorized in the European Union for this rare neuroendocrine disease, with Rhythm aiming to expand access across Europe. BBS is characterized by severe obesity and hyperphagia, among other symptoms, with an estimated 200 patients identified in Italy.
February 07, 2024 | 1:25 pm
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Rhythm Pharmaceuticals receives approval for reimbursement of IMCIVREE in Italy for BBS-related obesity and hunger control, marking a significant step in expanding treatment access in the EU.
The approval for reimbursement by AIFA is a critical regulatory milestone for Rhythm Pharmaceuticals, directly impacting its revenue potential in Italy and potentially boosting its stock price in the short term. This approval not only opens up the Italian market for IMCIVREE but also sets a positive precedent for future approvals in other European countries, enhancing the company's growth prospects in the region.
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