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RYTM FDA decision: Mar 20, 2026

Page updated ·next FDA decision on the calendar ·Data as of Oct 11, 2026 9:31 PM ET
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IMCIVREE (setmelanotide) was approved by the FDA on March 19, 2026 for hypothalamic obesity.

Rhythm Pharmaceuticals Inc., IMCIVREE (setmelanotide) · Hypothalamic obesity.

Run-up into the decision (T-120 → T+5)

PDUFA 3/20/26$117.62$85.8610/3/25
Daily close, T-120 (10/3/25) through T+5. Run-up high $117.62 on 12/17/25, low $85.86 on 3/18/26 (T-120 to T-1). FDA decision 3/20/26. Historical price action, not a forecast.

Key facts

FDA decision date2026-03-20
OutcomeApproved
Drug / candidateIMCIVREE (setmelanotide)
CompanyRhythm Pharmaceuticals Inc.
120-day run-up (T-120→T-1)-8.9%

FDA record of the action: the FDA approved on March 19, 2026, per NDA 213793 SUPPL-9 (FDA letter). The sponsor announced it on March 20, 2026. Action dates on pdufa.bio come from the FDA's own record, not the press release. Every FDA action we hold, by FDA date: FDA approval letters.

Specialist biotech funds holding RYTM, 13F for the quarter ended June 30, 2026

FundSharesValue at quarter endFiling
RA Capital Management6,666,837$740.2 millionfiled August 14, 2026
Baker Bros. Advisors5,604,483$622.3 millionfiled August 14, 2026
Perceptive Advisors2,586,295$287.2 millionfiled August 14, 2026
OrbiMed Advisors322,900$35.9 millionfiled August 14, 2026

13F reports list long positions in common stock at quarter end, are due 45 days later, and show no short positions or later trades. Notes, warrants and other instruments are not counted as shares.

Questions

Was IMCIVREE (setmelanotide) approved by the FDA?

Yes. The FDA approved the application for IMCIVREE (setmelanotide) on March 19, 2026, per the FDA's own record. The company announced it on March 20, 2026. The primary source is linked on this page.

Which company is behind IMCIVREE (setmelanotide)?

IMCIVREE (setmelanotide) is a Rhythm Pharmaceuticals Inc. (RYTM) program. The FDA decision came on March 19, 2026; the FDA's own record of the decision is linked on this page.

How did RYTM stock trade into the FDA decision?

Measured over the 120 trading days before the decision (T-120 to T-1), RYTM moved -8.9%. That is the recorded price path into this specific event. Historical measurement, not a prediction, and not investment advice.