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Rhythm Pharmaceuticals, Inc. Announces Pricing of Public OfferingBOSTON, Oct. 15, 2019 (GLOBE NEWSWIRE) -- Rhythm Pharmaceuticals, Inc. (Nasdaq:RYTM), a biopharmaceutical company focused on the development and commercialization of therapeutics for the treatment of rare genetic disorders of obesity, today announced the pricing of its public offering of 8,108,108 shares of its common stock at a public offering price of $18.50 per share. All of the shares are being offered by Rhythm. In addition, Rhythm has granted the underwriters a 30-day option to purchase up to an additional 1,216,216 shares of common stock at the public offering price, less the underwriting discounts. The offering is expected to close on October 18, 2019, subject to the satisfaction of customary closing conditions. Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, and Cowen and Company, LLC are acting as the joint book-running managers for the offering. Needham & Company, LLC is acting as a lead manager for the offering. A preliminary prospectus supplement relating to and describing the terms of the offering was filed with the Securities and Exchange Commission (SEC) on October 15, 2019. The final prospectus supplement relating to the offering will be filed with the SEC. Copies of the final prospectus supplement relating to this offering may be obtained, when available, from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, email: [email protected], telephone: 1-866-471-2526, fax: 1-212-902-9316; or Cowen and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Attention: Prospectus Department, email: [email protected], telephone: 1-833-297-2926. The shares of common stock described above are being offered by Rhythm Pharmaceuticals pursuant to its automatic shelf registration statement on Form S-3, including a base prospectus, that was previously filed by Rhythm with the SEC and automatically became effective upon filing on November 9, 2018. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Rhythm Pharmaceuticals Forward-Looking Statements Company Contact: Investor Contact: Media Contact: |