trending Market Intelligence /marketintelligence/en/news-insights/trending/BjIEwgJVkQnu9-gWgWocWQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In This List

Rhythm Pharmaceuticals prices $150M common stock offering

S&P Global Market Intelligence

Cannabis Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Rhythm Pharmaceuticals prices $150M common stock offering

Rhythm Pharmaceuticals Inc. priced its public offering of 8,108,108 common shares at $18.50 apiece.

The company also granted underwriters a 30-day option to buy up to an additional 1,216,216 common shares at the same price.

The price corresponds to gross proceeds of about $150 million.

The offering is expected to close on Oct. 18, subject to customary conditions.

Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC and Cowen and Co. LLC are acting as joint book-running managers for the offering, while Needham & Co. LLC is lead manager.

Boston-based Rhythm Pharmaceuticals develops therapies for rare genetic disorders that result in life-threatening metabolic disorders. In August, its experimental drug setmelanotide was shown to reduce body weight and insatiable hunger, meeting the main goals of two late-stage trials.