Tech Company Financing Transactions
RHYTHM Health Funding Round
Deerfield Capital, MPM Capital and New Enterprise Associates invested in a $41 million funding round for RHYTHM Health. The financing was announced on 2/18/2017.
Transaction Overview
Company Name
Announced On
2/18/2017
Transaction Type
Venture Equity
Amount
$41,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company will use the proceeds to: -- advance setmelanotide (RM-493), a novel melanocortin-4 receptor (MC4R) agonist that targets the MC4 pathway, into Phase 3 clinical trials for pro-opiomelanocortin (POMC) and leptin receptor (LEPR) deficiency obesity, and -- expand Phase 2 clinical trials for the treatment of obesity caused by several additional rare genetic deficiencies in the MC4 pathway, a key biological pathway in humans that regulates energy expenditure, homeostasis, and appetite.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
500 Boylston St. 11th Floor
Boston, MA 02116
USA
Boston, MA 02116
USA
Phone
Website
Email Address
Overview
Rhythm is a biopharmaceutical company focused on developing and commercializing peptide therapeutics for the treatment of rare genetic deficiencies that result in life-threatening metabolic disorders.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Keith Gottesdiener
Chief Financial Officer
Hunter Smith
Chief Medical Officer
Fred Fiedorek
Chief Scientific Officer
Lex Ploeg
VP - Bus. Development
Nithya Desikan
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Next: 2/18/2017: Thyrve Microbiome venture capital transaction
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