Rhythm Pharmaceuticals Management

Management criteria checks 2/4

Rhythm Pharmaceuticals' CEO is David Meeker, appointed in Jul 2020, has a tenure of 4.33 years. total yearly compensation is $7.23M, comprised of 9.7% salary and 90.3% bonuses, including company stock and options. directly owns 0.28% of the company’s shares, worth €9.97M. The average tenure of the management team and the board of directors is 4 years and 5.4 years respectively.

Key information

David Meeker

Chief executive officer

US$7.2m

Total compensation

CEO salary percentage	9.7%
CEO tenure	4.3yrs
CEO ownership	0.3%
Management average tenure	4yrs
Board average tenure	5.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Meeker's remuneration changed compared to Rhythm Pharmaceuticals's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$262m
Jun 30 2024	n/a	n/a	-US$261m
Mar 31 2024	n/a	n/a	-US$274m
Dec 31 2023	US$7m	US$705k	-US$185m
Sep 30 2023	n/a	n/a	-US$186m
Jun 30 2023	n/a	n/a	-US$182m
Mar 31 2023	n/a	n/a	-US$181m
Dec 31 2022	US$3m	US$652k	-US$181m
Sep 30 2022	n/a	n/a	-US$181m
Jun 30 2022	n/a	n/a	-US$176m
Mar 31 2022	n/a	n/a	-US$166m
Dec 31 2021	US$6m	US$630k	-US$70m
Sep 30 2021	n/a	n/a	-US$62m
Jun 30 2021	n/a	n/a	-US$60m
Mar 31 2021	n/a	n/a	-US$56m
Dec 31 2020	US$15m	US$262k	-US$134m
Sep 30 2020	n/a	n/a	-US$132m
Jun 30 2020	n/a	n/a	-US$134m
Mar 31 2020	n/a	n/a	-US$146m
Dec 31 2019	US$287k	n/a	-US$141m
Sep 30 2019	n/a	n/a	-US$133m
Jun 30 2019	n/a	n/a	-US$115m
Mar 31 2019	n/a	n/a	-US$87m
Dec 31 2018	US$282k	n/a	-US$74m
Sep 30 2018	n/a	n/a	-US$59m
Jun 30 2018	n/a	n/a	-US$53m
Mar 31 2018	n/a	n/a	-US$47m
Dec 31 2017	US$268k	n/a	-US$38m

Compensation vs Market: David's total compensation ($USD7.23M) is above average for companies of similar size in the German market ($USD1.90M).

Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.

CEO

David Meeker (70 yo)

4.3yrs

Tenure

US$7,230,457

Compensation

Dr. David P. Meeker, M.D., had been Independent Non-Executive Director of Pharvaris N.V. (formerly known as Pharvaris B.V.) since January 1, 2021 and serves as its Independent Non-Executive Chair. Dr. Meek...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Meeker	Chairman	4.3yrs	US$7.23m	0.28% € 10.0m
Hunter Smith	CFO & Treasurer	7.3yrs	US$2.31m	0.16% € 5.6m
Joseph Shulman	Chief Technical Officer	4.3yrs	US$1.74m	0% € 0
Yann Mazabraud	Executive VP & Head of International	4.1yrs	US$1.74m	0.057% € 2.0m
Jennifer Lee	Executive VP & Head of North America	4yrs	US$2.11m	0.0016% € 55.5k
Christopher German	Corporate Controller	1.7yrs	no data	0.0013% € 45.3k
Alastair Garfield	Chief Scientific Officer	less than a year	no data	no data
David Connolly	Head of Investor Relations & Corporate Communications	no data	no data	no data
Jim Flaherty	Senior VP & General Counsel	4yrs	no data	no data
Sarah Ryan	Vice President of Sales & Marketing	no data	no data	no data
Pamela Cramer	Chief Human Resources Officer	3.3yrs	no data	0.022% € 771.1k
Elisabeth Cronert-Bendell	Senior VP & Head of Strategy	2.8yrs	no data	no data

4.0yrs

Average Tenure

51yo

Average Age

Experienced Management: 1RV's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Meeker	Chairman	9yrs	US$7.23m	0.28% € 10.0m
Christopher German	Corporate Controller	1.7yrs	no data	0.0013% € 45.3k
Jennifer Good	Independent Director	5.4yrs	US$283.77k	0.0049% € 171.3k
David W. McGirr	Independent Director	9yrs	US$308.77k	0.0049% € 171.3k
Edward Mathers	Lead Independent Director	11.7yrs	US$328.77k	0.014% € 500.9k
Lynn Tetrault	Independent Director	3.9yrs	US$298.77k	0.0049% € 171.3k
William Chin	Member of Scientific Advisory Board	no data	no data	no data
Elizabeth Stoner	Member of Scientific Advisory Board	no data	no data	no data
Michael Camilleri	Member of Scientific Advisory Board	no data	no data	no data
Lee Kaplan	Chairman of Scientific Advisory Board	no data	no data	no data
John Amatruda	Member of Scientific Advisory Board	no data	no data	no data
Stuart Arbuckle	Independent Director	5.3yrs	US$301.27k	0.0049% € 171.3k

5.4yrs

Average Tenure

67yo

Average Age

Experienced Board: 1RV's board of directors are considered experienced (5.4 years average tenure).

Rhythm Pharmaceuticals Management

Management criteria checks 2/4

Key information

Recent management updates

Rhythm Pharmaceuticals, Inc. Announces Appointment of Alastair Garfield, as Chief Scientific Officer

Rhythm Pharmaceuticals, Inc., Annual General Meeting, Jun 18, 2024

Rhythm Pharmaceuticals Appoints Dana Washburn, M.D., as Senior Vice President of Clinical Development

Rhythm Pharmaceuticals, Inc. Announces Executive Promotions

High number of new directors

Chairman recently bought €172k worth of stock

Recent updates

Rhythm Pharmaceuticals Announces Five Presentations at ESPE 2024, Including New Real-world Data in Pediatric Patients with Acquired or Congenital Hypothalamic Obesity Treated with Setmelanotide

Rhythm Pharmaceuticals Announces Publication of Results from Phase 3 Study of Setmelanotide in Patients Between 2 and 5 Years Old in the Lancet Diabetes & Endocrinology

Third quarter 2024 earnings released: US$0.73 loss per share (vs US$0.76 loss in 3Q 2023)

Rhythm Pharmaceuticals Announces Five New Data Presentations At Obesityweek 2024

Rhythm Pharmaceuticals, Inc. to Report Q3, 2024 Results on Nov 05, 2024

Rhythm Pharmaceuticals Announces FDA Acceptance for Priority Review of Supplemental New Drug Application for Imcivree® (Setmelanotide) in Patients as Young as 2 Years Old

Second quarter 2024 earnings released: US$0.55 loss per share (vs US$0.82 loss in 2Q 2023)

Forecast to breakeven in 2026

Rhythm Pharmaceuticals, Inc. Announces European Commission Expands IMCIVREE® (setmelanotide) Marketing Authorization to include Children as Young as 2 Years Old

Rhythm Pharmaceuticals, Inc. to Report Q2, 2024 Results on Aug 06, 2024

Rhythm Pharmaceuticals, Inc. Announces Appointment of Alastair Garfield, as Chief Scientific Officer

Rhythm Pharmaceuticals, Inc.(NasdaqGM:RYTM) dropped from Russell 3000E Index

Rhythm Pharmaceuticals, Inc. Receives Positive CHMP Opinion for IMCIVREE (setmelanotide) for the Treatment of Obesity and Control of Hunger in Patients Between 2 and 6 Years Old with Bardet Biedl Syndrome

New minor risk - Profitability

No longer forecast to breakeven

Rhythm Pharmaceuticals, Inc. Presents Data from Phase 3 Pediatrics Trial at Pediatric Endocrine Society Annual Meeting

First quarter 2024 earnings released: US$2.35 loss per share (vs US$0.92 loss in 1Q 2023)

Rhythm Pharmaceuticals, Inc. Announces Publication of Results from Phase 2 Study of Setmelanotide for the Treatment of Hypothalamic Obesity in the Lancet Diabetes & Endocrinology

Rhythm Pharmaceuticals, Inc., Annual General Meeting, Jun 18, 2024

Rhythm Pharmaceuticals, Inc. to Report Q1, 2024 Results on May 07, 2024

New major risk - Financial position

Rhythm Pharmaceuticals, Inc. announced that it expects to receive $150 million in funding from Perceptive Advisors LLC, Discovery Real Estate Management

Rhythm Pharmaceuticals, Inc. announced that it expects to receive $150 million in funding from Perceptive Advisors LLC, Discovery Real Estate Management

Rhythm Pharmaceuticals Announces First Patient Dosed in Phase 1 Trial Evaluating RM-718, a Weekly MC4R-specific Agonist

Perceptive Advisors Engages in Discussion with Rhythm Pharmaceuticals

Full year 2023 earnings released: US$3.20 loss per share (vs US$3.48 loss in FY 2022)

Rhythm Pharmaceuticals, Inc. Announces Clinical Development Plan of Setmelanotide for Hypothalamic Obesity in Japan

New minor risk - Profitability

Rhythm Pharmaceuticals Announces Positive Reimbursement Decision in Italy for Imcivree® (Setmelanotide) for the Treatment of Obesity and Control of Hunger in Bardet-Biedl Syndrome

Rhythm Pharmaceuticals, Inc. to Report Q4, 2023 Results on Feb 22, 2024

New major risk - Share price stability

Forecast to breakeven in 2026

Third quarter 2023 earnings released: US$0.76 loss per share (vs US$0.80 loss in 3Q 2022)

Rhythm Pharmaceuticals Receives Positive CADTH Reimbursement Recommendation for IMCIVREE® (setmelanotide)

Rhythm Pharmaceuticals, Inc. Announces New ICD-10 Diagnosis Code Established for Bardet-Biedl Syndrome

Second quarter 2023 earnings released: US$0.82 loss per share (vs US$0.89 loss in 2Q 2022)

Rhythm Pharmaceuticals, Inc. to Report Q2, 2023 Results on Aug 01, 2023

Rhythm Pharmaceuticals, Inc. Presents Data Demonstrating BMI Reduction in Patients with Hypothalamic Obesity Treated with Setmelanotide over Six Months at ENDO 2023

Rhythm Pharmaceuticals, Inc. Announces Approval of IMCIVREE®? Setmelanotide Solution for Weight Management in Adult and Pediatric Patients

First quarter 2023 earnings released: US$0.92 loss per share (vs US$1.05 loss in 1Q 2022)

Full year 2022 earnings released: US$3.48 loss per share (vs US$1.40 loss in FY 2021)

Rhythm Pharmaceuticals Announces Publication of Analysis of Quality of Life Improvements from Phase 3 Clinical Trial in Bardet-Biedl Syndrome

Rhythm Pharmaceuticals Announces ?Imcivree (Setmelanotide) Granted Marketing Authorization in Great Britain for Treatment of Obesity and Control of Hunger in Bardet-Biedl Syndrome

Third quarter 2022 earnings released: US$0.80 loss per share (vs US$0.70 loss in 3Q 2021)

Rhythm Pharmaceuticals, Inc. Announces Publication of Results from Phase 3 Clinical Trial of IMCIVREE in Bardet-Biedl Syndrome in The Lancet Diabetes and Endocrinology

Rhythm Pharmaceuticals Presents Data from Phase 2 and Long-Term Extension Trials Evaluating Setmelanotide for the Treatment of Hypothalamic Obesity At Obesityweek® and Plans to Initiate Phase 3 Trial in Early 2023

Rhythm Pharmaceuticals, Inc. Announces Setmelanotide Granted Breakthrough Therapy Designation for Hypothalamic Obesity by the U.S. FDA

Rhythm Pharmaceuticals Appoints Dana Washburn, M.D., as Senior Vice President of Clinical Development

Rhythm Pharmaceuticals Presents New Disease Burden Findings and Analyses of Setmelanotide Data in Children and Adolescents with Rare MC4R Pathway Diseases at ESPE 2022

Rhythm Pharmaceuticals, Inc. Announces European Commission Expands the Marketing Authorization for Imcivree(R) (Setmelanotide)

Second quarter 2022 earnings released: US$0.89 loss per share (vs US$0.70 loss in 2Q 2021)

Rhythm Pharmaceuticals, Inc. Receives Positive CHMP Opinion for IMCIVREE® (setmelanotide) for the Treatment of Obesity and Control of Hunger in Patients with Bardet-Biedl Syndrome

Rhythm Pharmaceuticals Announces Early Access Authorization for Setmelanotide for Use in Patients with Bardet-Biedl Syndrome in France

NICE Recommends Rhythm’s IMCIVREE® (setmelanotide) for Treating Obesity and Controlling Hunger Caused by POMC or LEPR Deficiency

Rhythm Pharmaceuticals Announces Positive Interim Results from Phase 2 Clinical Trial Evaluating Setmelanotide in Hypothalamic Obesity

Rhythm Pharmaceuticals, Inc. Announces That European Commission Authorized Variation for Imcivree (Setmelanotide) to Allow for Dosing in Patients with POMC or LEPR Deficiency with Renal Impairment

Rhythm Pharmaceuticals, Inc. Announces FDA Approval of IMCIVREE for Use in Patients with Bardet-Biedl Syndrome

Rhythm Pharmaceuticals Presents Initial Data from Long-Term Extension Trial Evaluating Setmelanotide in Rare Genetic Diseases of Obesity at ENDO 2022

Rhythm Pharmaceuticals, Inc. Presents New Data from Phase 3 Trial Evaluating Setmelanotide in Patients with Bardet-Biedl Syndrome At the Pediatric Endocrine Society 2022 Virtual Annual Meeting

Rhythm Pharmaceuticals Optimizes Design of EMANATE and DAYBREAK Clinical Trials to Advance Setmelanotide for Rare Genetic Diseases of Obesity

Forecast to breakeven in 2024

Rhythm Pharmaceuticals Announces FDA Extension of Review Period for IMCIVREE® (setmelanotide) for Patients with Bardet-Biedl Syndrome and Alström Syndrome

Rhythm Pharmaceuticals, Inc. Announces Executive Promotions

Rhythm Pharmaceuticals, Inc. Announces Positive Interim Data from Long-term Extension Study of Setmelanotide in Bardet-Biedl Syndrome (BBS)

Rhythm Pharmaceuticals, Inc. Announces Dosing Initiated in Phase 3 Trial of Weekly Setmelanotide in Patients with Genetic Obesity Disorder

High number of new directors

Rhythm Pharmaceuticals Announces Marketing Authorisation of IMCIVREE® (setmelanotide) in Great Britain

Rhythm Pharmaceuticals Completes Submission of Supplemental New Drug Application to U.S. Food and Drug Administration for IMCIVREE® (Setmelanotide) for the Treatment of Obesity and Control of Hunger in Bardet-Biedl and Alström Syndromes

Chief Medical Officer Murray Stewart has left the company