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» Rhythm to acquire LG Chem’s rare genetic obesity drug for $305M
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Rhythm to acquire LG Chem’s rare genetic obesity drug for $305M
Jan. 5, 2024
By
Marian (YoonJee) Chu
Rhythm Pharmaceuticals Inc. is picking up LG Chem Ltd.’s oral small-molecule drug, LB-54640, for potentially $305 million, effectively growing its MC4R pipeline that houses U.S. FDA-approved Imcivree (setmelanotide) for genetic obesity disorders.
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