Good day and thank you for standing by. Welcome to the Rhythm Pharmaceuticals Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions]. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, David Connolly, Investor Relations and Corporate Communications. Sir, please go ahead.

Thank you, Michelle. I'm Dave Connolly here at Rhythm Pharmaceuticals. For those of you participating on the conference call, our slides can be accessed and controlled by going to the Investors section on the Investors page of our website, ir.rhythmtx.com. This morning, we issued our press release that provides our second quarter 2024 financial results and business update, and that is available on our website. Listed on Slide 2 is our agenda. On the call are David Meeker, our Chairman and Chief Executive Officer and President; Jennifer Lee, Executive Vice President, Head of North America; Hunter Smith, our Chief Financial Officer; and Yann Mazabraud, Executive Vice President, Head of International, is on the line joining us from Europe. And on Slide 3, I'll remind you this call contains remarks concerning future expectations, plans and prospects, which constitute forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in our most recent annual or quarterly reports on file with the SEC. In addition, any forward-looking statements represent our views as of only today and should not be relied upon as representing our views as of any subsequent dates. We specifically disclaim any obligation to update such statements. With that, I'll turn the call over to David Meeker, who will begin on Slide 5.

Thank you, Dave. We are pleased to report out another strong quarter with continued steady progress on our commercial opportunity both in North America and internationally. Another regulatory milestone with pediatric approval for IMCIVREE in patients ages two to younger than six in the EU, and broad progress across our development programs. We remain focused on our three main value drivers shown on Slides 5 and 6. In this quarter, we have made advancements in each. First, as noted, the team continues to execute on our global commercial strategy. Second, we remain excited about the hypothalamic obesity and the likelihood of success in our ongoing global Phase 3 trial. And third, we continue to make progress with two new MC4R agonist in Phase 1 and Phase 2 trials. We have completed the Phase 2 DAYBREAK trial, and the Phase 3 M&A trial remains on track to complete enrollment in the two leading cohorts by year-end. Revenues for the quarter were $29.1 million, driven predominantly by BBS. Two years post approval in the U.S. and with increasing market access in international, what remains most striking to me is the extent to which BBS is a classic rare disease challenge. The obesity and the hunger are there for all to see, but the disease remains relatively invisible to those who are not expert. Two weeks ago, I attended the BBS Foundation International Conference in Minneapolis, the first in-person meeting at this level in more than four years. More than 200 patients and family members attended, along with a number of the expert physicians. One common refrain was, aren't you tired of having to explain to each new doctor that you see what Bardet-Biedl syndrome is? In the opening session, the head of the foundation charged the attendees with one goal, meet someone…

Thank you, David. This quarter marks the 8th full quarter of IMCIVREE sales for BBS since it was approved in June of 2022. Looking back over the last two years, it has been an amazing journey, in many instances better than we expected. Though, we had done our research and heard feedback regarding the need for a tailored therapy to address persistent hyperphagia and early onset obesity in BBS patients, we have learned so much more since our launch. What grounds us and gives us conviction everyday are the stories we have heard with a consistency relating to the benefits patients are receiving on IMCIVREE. In one story, there was a woman who weighed 210 pounds before initiating IMCIVREE. Now coming up on two years on IMCIVREE, she reports reduction in her hunger and her weight is now stable at approximately 135 pounds. While there is patient by patient variability in the amount of weight loss experienced, what stands out with consistency is the positive impact of both hunger and weight reduction. For this particular patient, after several years of not working, she recently started a job as a customer service representative working from home as the first visually impaired employee for this company. She also told us about her first solo plane trip to see a friend, and she's now looking forward to more trips in the future. Stories like this motivate everyone at Rhythm to ensure all eligible patients are able to have access to IMCIVREE, and we continue to make progress with a sense of urgency as a collective team. Now to the quarter, beginning on Slide 9. On a high level, our results for the second quarter are strong and consistent with our expectations. We're continuing to see steady growth in prescriptions and prescribers breadth and…

Thank you, Jennifer. I begin on Slide 13 with the great news from last week that the European Commission expanded the marketing authorization for IMCIVREE to now include children with BBS, POMC and LEPR deficiency who are as young as two years old. This decision to allow for pediatric use of IMCIVREE in patients this young, a decision which came one month before it was expected, underscores the severe impact of the disruption of the MC4R pathway and the significant unmet medical need for young children. In Germany, the exemption process, which will allow us to get federal reimbursement, has already started. We have also already submitted the reimbursement dossier to the French and Italian authorities and we will do the same with several other key European countries in coming weeks and months. This is an important milestone for IMCIVREE. We know it is important to diagnose patients with these diseases early in life before the commodities of severe obesity take hold and now we look forward to working with the physicians and caregivers to provide access to IMCIVREE beginning at a young age and making a positive difference for the patients. Next slide, and since we are talking about this topic in May, at the European Congress on Obesity, we presented research showing the negative impact early onset obesity can have on comorbidities and life expectancy and we also showed the positive impact of early intervention on weight prediction have in reducing the risk of comorbidities and increasing life expectancy. As you can see in the table, this early onset of obesity model developed based on a detailed assessment of more than 200 published studies, shows that the patient with a BMISD score of 2.5 at the age of 2 or BMISD score of 4 at the age of…

Thank you, Yann. Turning to Slide 19, net revenue from global sales of IMCIVREE in Q2 came in at $29.1 million, which represents almost 12% growth over the prior quarter. As we show here on this slide, net revenue has continued to grow steadily during the two years since the launch of IMCIVREE for BBS in the United States. IMCIVREE revenue generated in the United States accounted for 74% of net sales this quarter, consistent with the first quarter of the year. U.S. revenue of $21.6 million increased $2.2 million, or nearly 11% versus Q1. Driving U.S. revenue growth was an increase in the number of reimbursed patients on therapy and a resulting increase in vials dispensed. Changes in inventory levels at the specialty pharmacy did not have a meaningful impact on U.S. revenue. In Q2, the proportion of IMCIVREE net revenue generated outside the United States was 26%, or $7.5 million, majority of which came from the BBS launch in Germany and from our two early access programs in France, including the AP1 program for hypothalamic obesity. Ex-U.S. revenue increased by 14% quarter-over-quarter. While quarterly revenue growth may be variable, the trend is steady as we've described. This reinforces our confidence in the long-term growth prospects for IMCIVREE and BBS. On Slide 20 is a snapshot of the Q2 P&L. Q2's $29.1 million in net revenue compares to $19. 2 million during the second quarter of last year. Gross-to-net for U.S. sales in the second quarter increased slightly quarter-over-quarter to 86% from 85% in the first quarter of the year. Cost of sales during the second quarter was almost $3 million or approximately 10.1% of net product revenue versus 10.8% of net product revenue in the first quarter and compared to 11.6% during the same quarter last year. The…

Thank you, Hunter. So, as I was reflecting, listening to our update here, it was almost two years ago to-date when we presented the first six weeks of data on the BBS launch in August of 2022. At that point I mean, there were a ton of questions. You had questions, we had many questions. And two years later, it's quite remarkable. I think you've heard quarter-on-quarter, as we've reported, really, how in a way thrilled and at some level a bit unsurprised by the extent of approval, the extent of progress that we've made and the number of approvals we've had around the world. So from a BBS standpoint, we're in a really good place. We're incredibly excited about the progress to-date, and we're increasingly excited about what is ahead. So with that, I will open it up for questions.

Thank you. [Operator Instructions]. And our first question is going to come from the line of Jeff Hung with Morgan Stanley. Your line is open. Please go ahead.

Thanks for taking my questions. The first is the number of the new prescriptions for BBS has been consistent over the last three quarters with 100 new scripts and 70 payer approvals for reimbursement per quarter. What remaining levers do you have to further increase numbers of new scripts per quarter, or proportion of payer approvals? Or is the launch fairly mature for BBS, where numbers are likely to remain consistent or decrease over time? And then I have a follow-up?

Jeff, maybe I'll make one comment and then turn it over to Jennifer for any color. I think, yes, to be honest, the 100 "approximate 100" for the past few quarters is a bit almost remarkably consistent for a rare disease. We've highlighted from the beginning these ultra-rare opportunities, of course, tend to be lumpy. I would not necessarily anticipate a pure trend line even now that we're two years out, but we acknowledge the fact that it's been somewhat consistent. But with that, I'll turn over to Jennifer for any additional color on the numbers we have.

So I think like relating to the prescriptions in terms of that steady number, even two years out of launch, we're actually very happy with. We also recognize that there's still a lot of opportunity that remains out there. And I think one example was just in terms of the patient meeting that David had outlined, there were many patients there that had also just recently been diagnosed, many patients that were already diagnosed, and hearing about IMCIVREE for the first time. So we know that the patients are out there in terms of those that have been diagnosed already and may not have yet understood there's a tailored therapy for them, as well as the opportunity to get patients to a quicker diagnosis moving forward. I think that we get better over time in terms of understanding where to have our field teams target in terms of their education and we also get more information in terms of our non-personal promotion efforts, just to be able to most effectively and efficiently use our resources moving forward and are constantly looking for new ways to actually supplement these efforts. I think one example is that more recently; there are other labs that actually have BBS testing done and genetic results. And there are opportunities for us to understand who are the physicians with positive BBS patients. So when new opportunities like that pop up, those are opportunities that we explore and evaluate in terms of if it's worth being able to execute on. From a payer perspective, I would say, that we're very happy in terms of our current status and the number across each of the different payer types of folks who have IMCIVREE specific policies in place. I think the one lever that still remains and still ongoing dialogue is this space around Medicare, which has been a challenge for many other drugs as well.

Great. And then second question is, can you just remind us of what you hope to see in Stage 2 of DAYBREAK later this year? And what kind of placebo adjusted benefit would be considered clinically meaningful? Would there be sufficient numbers of patients to get a sense by gene? And if not, like, how do you decide which genotypes to advance? Thanks so much.

Yes, Jeff. Yes, that is a challenge with DAYBREAK. Again, as we've said, that was a very ambitious effort starting out with a very large number of genes. And we knew that is coming out of this, we would likely have relatively small number of patients per gene. So with that qualification, we presented the data in December. What happened in the Stage 1? And so by definition, patients who went into Phase 2 of DAYBREAK had had a 5% or more loss of or decrease in their BMI. So they were responders by that definition. I think that, that data was encouraging. What you should expect to see coming out of this is that of those genes that look interesting, there will provide more color on two things. One did the DAYBREAK trial design work, meaning that definition of responder, if you went on a placebo, did you regain weight? If you continued on IMCIVREE, did you continue to lose more? And so that additional color on the genes you had there. And again, I think what we would expect and hope coming out of this is that out of that big effort, there's minimally one to three additional genes that we might find interesting to pursue.

Thank you. And one moment, as we move on to our next question. And our next question is going to come from the line of Phil Nadeau with TD Cowen. Your line is open. Please go ahead.

Good morning. Thanks for taking our question and congrats on a solid quarter. A few commercial questions. First, in North America, can you give us your most recent estimates for the persistence and compliance on therapy? Have the rates of compliance in particular or persistence changed over the last few quarters?

Yes, maybe I'll. Yes, so from a pure discontinuation rate, I mean, we've -- we're still in that 20% to 30% range. We're pushing toward the upper end there, which is where we've been. But that looks like it's holding in solid there. We have a little less insight into overall compliance. That's more challenging to get at. But with that, I will turn it over to Jennifer.

Yes. I think from a compliance standpoint, similar to the experience that I've had in some other diseases, for areas where patients start to feel something, if they don't take the drug, they tend to have -- when they feel something, when they don't take the drug or reoccurrence of symptoms, they tend to have a higher compliance rate overall. So we are really happy in terms of that being similar with our area as it relates to the compliance rate that we are seeing today with IMCIVREE.

That's helpful. And then one international question on the use of IMCIVREE for HO in France. Can you talk about the kinetics of the uptake in the HO community in France? How quickly is it being adopted? Do you have any sense of the number of HO patients on therapy? And should we expect a similar rate of adoption in Italy now that early access is opening?

Yes. Thank you for the question. So maybe one quick reminder about France, which is important. We did achieve this pre-EMA approval access based on Phase 2 data, which is extremely rare. And to be more precise, there are just two rare disease therapies with such status inference in the last 10 years. So I will not give a precise number of patients. But yes, we are happy with the uptake. We are happy with the willingness to treat coming from the rare endocrine disease community and the urgency also to treat. So that's for France. And for Italy, it will -- the first patient will be likely started at the end of the year. We also expect, because we have already conversations with many of the stakeholders and experts. We also expect a significant traction. Of course, the number of the population is a bit different. As you've heard, it's between 6 and 24 years old, but it's comparable to France, we expect patients to start at the year-end and early next week.

Yes, thanks.

That's helpful. Thanks again for taking our questions.

Thank you. And one moment, as we move on to our next question. And our next question is going to come from the line of Whitney Ijem with Canaccord Genuity. Your line is open. Please go ahead.

Hey, guys, add my congrats on the quarter. Just to follow-up on Phil's question on the HO patients in France, are there -- is there any data being collected on those patients to kind of put together some real world data that you could be able to use to help from a reimbursement perspective or any other perspective in the relative near-term?

Yann?

So thank you. There is -- yes, thank you. There is indeed a national data collection led by the French Ministry of Health. We don't have access directly to these clinical data yet, but we know that the HCP and the Federal Joint Committee plan to publish on them soon. What I can say beyond the data is that what we hear from the physicians directly is that they are very pleased with the efficacy of the drug.

Great. Thanks. And then just on 718, can you expand, I guess, on the progress of that study and timelines? And I guess, thinking through, are there any updated thoughts on your side about if the timeline of the oral and 718 end up being more similar kind of the value of moving them both forward versus maybe just the oral?

Yes. I mean, the answer to the second part of that is, we assuming success in both trials. We will continue to move both of them forward. I mean, again, the goal all along here is than to have two options, a weekly injectable and a daily oral. So yes, if they're successful, we'll move both of them forward. In terms of additional color around 718, as we said, it's progressing well through the SAD, MAD. I mean, the decision to add a couple of additional cohorts is obviously predicated on having done well up through the cohorts treated to-date. And that decision to go to two higher dosing cohorts is, if we can avoid having to do a PPC study, it saves both some time and expense those are not cheap studies. So that's the reason for that. I think in terms of part starting, Part C, we'll complete these two additional higher dosing cohorts. The other thing is that we need to finish the six-month talk study to be able to treat patients for longer than the four weeks. And so that will be a key aspect. And so that will finish up in mid to late fall here and will be a key trigger for moving on into the Part C.

Got it. Super helpful. Thanks again.

Thank you.

Thank you. And one moment, as we move on to our next question. And our next question is going to come from the line of Dae Gon Ha with Stifel. Your line is open. Please go ahead.

Hey guys, good morning. Thanks for taking our questions. Two from our side as well. One, if I could maybe get Yann's take on Italy, just to kind of clarify for that access, what additional data were submitted to get that reimbursement and early access and aid show beyond the Phase 2 data. I guess what we've seen from obesity week last year. And then second question is, ex-U.S. commercial question for Yann as well. As you look at Germany, I think in the prepared remarks, you talked about sort of similar trajectory as the U.S. I mean, is there anything unique about Germany that whether it's compliance or persistence or even the way the healthcare system is structured such that the uptake could be more robust than the U.S.? Just kind of curious on that. Thanks so much.

Yes. Thank you. So first question, Italy HO, in fact, it is coming from the physicians and from the experts. It's -- so in France, we submit a dossier. The dossier is evaluated by the authorities. In Italy, it's different; it's based on the request from the physician. Then we are asked to submit a dossier and it is evaluated. And then we heard from the decision in the official journal of Italy. So it's a bit a different process, but in terms of data submitted, at the end of the day, it's the same set of data. Now back to France, back to Germany. Sorry, your question was about how the market look like. So I would say that to summarize, it's between France, which is very centralized, and the U.S., which is fairly decentralized. So there are important university hospitals and currently, for your information, we have 15 of these university hospitals were already treated -- treating BBS patients. There is a major center in the West of Germany with many, many BBS patients. So one of the key factor success for us is to continue further this decentralization and to speak to more hospitals and more physicians in terms of compliance or in terms of patient adherence, we have a very strong patient support program in place with nurses and a tailor program. So sometimes the nurse will be at home for each injection, sometimes once a week, sometimes once a month. They are in touch with the patient, they call them, they text them, et cetera. And it's one of the country in the world with the best adherence, thanks to this patient support program. So those are, I would say, the major facts about Germany that I can talk to you about.

Okay. Great. Thanks so much.

Thank you. And one moment, as we move on to our next question. And our next question is going to come from the line of Corinne Johnson with Goldman Sachs. Your line is open. Please go ahead.

Yes. Good morning. You talked a little bit about adherence and compliance in the BBS launch. I'm curious if you could talk to us about how we should think about read across from what you see in BBS to the HO population and note any key similarities or differences between those two groups. And then, on a similar note, I think you mentioned a number of prescribers with 30% of those having written two or more scripts in BBS. I'm curious if you could talk again about the overlap between the prescriber population that you've had come on Board in BBS to the potential prescribers for an HO launch coming hopefully in the next couple of years. Thank you.

So maybe I'll take the first one and Jennifer take the second one. So I think the read through to HO again, they're very different diseases as we know, they both have significant comorbidities which make them challenging diseases in general. And on top of that, they're dealing with this MC4 pathway defect. So hard to say, Corinne, I think the hyperpigmentation aspect will be similar in both groups. Now, the extent to which they find it's all a benefit weight against that and we'll see. But that's one aspect that might be somewhat similar, if you remember this on the order of 5% of patients are discontinuing because of concern over the hyperpigmentation. I think we're getting better and better at managing the other side effects of the drug. As Jennifer said, talking, helping set expectations at the patient level in terms of what to expect early on, in terms of the nausea and the like. I think physicians are getting more experience in terms of titrating the drug, maybe going a little slower if patients are again struggling with that. And the general approach in terms of our patient support system, patient education managers, and the like, Jennifer highlighted, we've continued to get better at that, and so we'll bring all of that experience to the HO world. So I'm optimistic we do better, but there's obviously a lot more to learn. Jennifer, feel free to add any color to that answer, as well as talking about the prescriber base.

Yes. So, to iterate with David said that the product is the product and everything that we've learned, just in terms of the nuances of being able to educate and onboard patients and maintain them on therapy and the challenges that we have faced and the lessons that we have learned all apply to any future indication I think. I think we have a very solid baseline in place with the teams in place. And as I outlined in my opening, we have also learned in terms of the positive aspect of focus, which is within the patient support team, they were responsible for two key areas of focus, which included gaining and maintaining reimbursement for patients. And the second area being the education support to also allow for onboarding and persistence. So even that learning and split, you'll have two teams now in place to really help with the BBS ongoing efforts as well as any future launches. I think is a good learning and implementation in terms of how we adapt. I would say similarly in terms of, for the prescriber base, of course, we have not really been talking about HO, in terms of our field organizations today, just simply because of the state we're in, in terms of not having approval yet. But there -- these patients are being seen by endocrinologists and folks who are the obesity specialists. So those are directly our targets, just in terms of our field efforts, in terms of educating just even for BBS. So I do imagine that there is going to be a higher level of overlap in terms of targets as we move forward in BBS and future potential indications.

Thank you. And one moment, as we move on to our next question. And our next question is going to come from the line of Tazeen Ahmad with BofA Securities. Your line is open. Please go ahead.

Hi guys, good morning, and thank you for taking my questions. I maybe wanted to go back and ask about the Basket Study. You talked earlier about the potential of finding a few more amenable mutations. But do you have a sense on how big the opportunities of the mutations could be in general if we wanted to frame it size wise, let's say between BBS and HO, we'd love to know if you have any idea of how big those to be. And then secondly, as you advance in the launch of the product in Europe, can you talk about how we should think about pricing as more and more countries start selling products and you move away from the high compensation countries like Germany, what should we be assuming for modeling purposes? Thanks.

Yes. So Yann, I'll let you take the pricing question in Europe. First, the Basket DAYBREAK study, as we said, in terms of the size of the population, again, there's a wide range of genes, and some of the genes we discontinued, if you remember, because we were just having trouble enrolling. And that was consistent with our screening numbers, of course, extremely rare diseases. We're still hopeful down the line that there'll be a way to access some of those incredibly rare genes and a more efficient development program. So we don't necessarily have to study them all independently, but that's not in the near-term of the genes we might be interested in. By definition, they need to be large enough to study. And so that range will be, I would say, is a way to think about it. It will be between BBS and HO. There'll be some that will be sort of at the BBS end of the extension, if you will, and then there are some that are more frequent for sure. Sorry, Yann, yes, sorry.

Yes. David, it was breaking on my side. Can you -- sorry, repeat the question?

Yes. The question was just around pricing in Europe as we go to other countries should they just seen and others think differently about pricing as we get into some of these smaller markets, if you will?

Sorry. It was breaking again. So your question is difference between prices in the key European countries and the smallest countries?

Yes, so, exactly. So the question is, as they develop their models, should we think differently as we move from the Germany's and France's to some of the smaller markets in terms of what the pricing we might expect to get?

Okay. Okay. So yes, no, so it's an interesting question, because, in fact, sometimes we have higher price where we don't expect them, and we end with lower prices when we were expecting maybe medium type of prices. So I would say first that there is not a rule, especially in the last years, where there have been a lot of changes in terms of negotiation dynamics, et cetera. So I would say that, as usual, we know that there are some countries with higher prices and this has not changed. This has not changed, and Germany is one of them. There are some countries with prices that are a bit lower, Spain is one example. But I mean, yes, we've had good surprises with other countries. So I cannot really precisely answer this question. It's really country by country. What I can say in general about pricing in Europe, or with our pricing in Europe is that we are pleased with where we are. And I think it's really because PPL and BBS have been recognized as rare disease, distinct from general obesity, and priced as such. So I cannot answer country by country, but for sure, we are in the same range as other more typical rare disease therapies.

And Tazeen, I realize this isn't necessarily so helpful, but our original guidance, if you will, that the discount on a country by country basis was somewhere between zero and 50%, not zero, not 50%, I mean it still basically holds, so.

Thank you. And one moment, as we move on to our next question. And our next question is going to come from the line of Joseph Stringer with Needham & Company. Your line is open. Please go ahead.

Hi, good morning. Thanks for taking our question. Just wondering if you could remind us of the two to six-year-old addressable BBS patient population, assuming label expansion, U.S. approval by year-end, how soon should we expect an impact to sales, and how much of an impact do you think this will have?

So I characterize it as modest. Jennifer is going to provide some more color.

In terms of the label expansion, I think one of the best benefits, honestly is just the ability to outline, the approval in this patient population, which further distinguishes, our population and the need versus that of the patient population with general obesity. We have not once again talked about this piece, but just in terms of numbers, what we do know is that approximately less than 10% of the patients represented in the CRIBBS registry are younger than seven years of age. And there are patients that are young that are being treated by some of our prescribers. So there may be some, but I would not say that it's a significant number at this point of time.

Great. Thank you for taking our questions.

Thank you, Joe.

Thank you. And one moment, as we move on to our next question. And our next question comes from the line of Michael Higgins with Ladenburg Thalmann. Your line is open. Please go ahead.

All right, guys. Congrats on the strong results. Looking forward to seeing pivotal HO data first half of 2025. In regards to IMCIVREE, earlier this year, you had an issue with one of your Medicaid state programs and reimbursement. Any update for us on the progress in getting that business to return? Thanks.

Yes. Jennifer?

Yes. So one thing that I will reiterate in terms of that particular state is that they were one of the first to come on Board with a specific policy for IMCIVREE. They still remain in terms of having an IMCIVREE policy in place. We do have patients that are being covered under this particular Medicaid state, and we are still working through, trying to regain approvals for patients. They do have a much more stringent requirement in terms of the amount of information. So it is a slow ongoing process. But I think the other piece that I will also iterate is that while those are all positive and still work in progress, this has had absolutely no read through in terms of any other state or policy that we have seen, and even the new policies that we have also been able to put directly in place have been much more consistent with our label.

Thank you for that. And just wanted to follow-up on it. Based on your working through the more stringent requirements, do you think you'll ever get back to that prior level and the growth that you had prior to that decision earlier this year?

So the guidance in the past had been that for us, we really didn't put in our forecast that we were going to regain all of those patients back. And that was also our guidance for others just in terms of considerations. We still do get prescriptions from that state. And like I said, it may be a slow process, but our teams are very actively working through to try to gain approvals for these patients.

Michael, I think that's the key -- this state is working. It's just in the beginning with one of the more -- perhaps more liberal policies. Clearly, there were more patients going through, but it is working, and we're continuing to get patients through. So we're feeling good about that.

Thank you. And I'm showing no further questions at this time. And I would like to turn the conference back over to David Meeker for any further remarks.

Okay. Well, thanks, everybody, for tuning in this morning. As you can hear, 2024 has been a year of execution, and we feel really good about how we're executing to-date. So look forward to updating you at the next quarter.

This concludes today's conference call. Thank you for participating, and you may now disconnect. Everyone, have a great day.