Business
Why the Rhythm Biosciences (ASX:RHY) share price jumped over 600% this year // The Motley Fool Australia
The Rhythm Biosciences Ltd (ASX: RHY) share price has rocketed over 640% for the past twelve-month period. From the beginning of November alone, the share price has soared over 355%.
For the past few weeks, we’ve been watching Rhythm Biosciences’ share price pop amid recent company achievements that might help explain the climbing share price.
So how did Rhythm Biosciences slap over six hundred percent on its share price this year?
A one product focused company
Unlike other research and development (R&D) companies, Rhythm Biosciences is focused on one project only, ColoSTAT. According to the company’s latest investor presentation, the purpose of ColoSTAT is the early detection of colorectal cancer using a simple, accurate…
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