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Rhythm Biosciences Limited (ASX:RHY)
ALERT: Price-sensitive ASX Announcement for RHY
Current share price for RHY : $0.088 0.007 (8.64%)+
Announcement
Release
30 Jul 2026 8:33AM
Price at Release
$0.081
Full Release
Summary
Rhythm Biosciences Limited (ASX: RHY) released its Quarterly Activities Report and Appendix 4C for the quarter ended 30 June 2026. The report highlights significant progress in commercializing its ColoSTAT® and geneType™ platforms. During Q4 FY26, the company strengthened its balance sheet, expanded the ColoSTAT® Access Program, and deepened clinician engagement through targeted marketing and educational initiatives. The company participated in the BIO International Convention 2026, fostering international commercial partnerships. The Appendix 4C reveals net cash outflows from operating activities of $1.671 million for the quarter. The company completed an underwritten exercise of options raising $5.2 million. Looking forward, Rhythm aims to expand its market access and clinician engagement to support diagnostic utilization, with plans to develop a US reimbursement strategy for geneType™.
Key Points
- Strengthened company balance sheet through underwriting of RHYO options.
- Continued commercial rollout of ColoSTAT® with repeat clinical ordering.
- Expanded national collection capability through 4Cyte Pathology.
- Executed strategic partnerships at BIO International Convention 2026.
- Net cash used in operating activities was $1.671 million for the quarter.
- Raised $5.2 million from option underwriting.
- Plans to develop US reimbursement strategy for geneType™.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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