Rhythm Pharmaceuticals gets FDA approval for Setmelanotide (IMCIVREE) for Chronic Weight Management in Patients with Obesity due to POMC, PCSK1 or LEPR Deficiency (Age 6 and older). The management team also gave pricing information, indicating $330/mg and blended pricing estimate of $290-300K/patient/year. The stock rose about 21% on this news and I discuss the implications and future catalysts. Anavex’s ANAVEX2-73 (Blarcamesine) is being investigated for Alzheimer’s Disease, Parkinson’s Disease and Rett Syndrome. I go through the latest data and catalysts that are approaching for the company. I also touch on $HEPA’s latest press releases.
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