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Whitney Lem

Vice President and Equity Research Analyst at Citi

Whitney Lem is a Vice President and Equity Research Analyst at Citi, specializing in the coverage of North American industrial companies with a focus on the transportation and logistics sectors. Lem is recognized for providing research on publicly traded firms such as FedEx, UPS, and CSX, delivering actionable investment insights through detailed financial modeling and industry analysis. After starting their finance career in the early 2010s and earning key credentials including FINRA Series 7 and 63 licenses, Lem joined Citi in 2019, where their coverage and recommendations have contributed to strong investor outcomes, reflected by a high success rate and above-average returns ranked on platforms like TipRanks. Lem’s professionalism is further underscored by mentions in industry media and conference panels, underscoring their reputation for research rigor and market expertise.

Whitney Lem's questions to RHYTHM PHARMACEUTICALS (RYTM) leadership

Question · Q3 2025

Angela, on behalf of Whitney Lem, asked for updates on payer conversations for the HO launch, whether most patients would initially be on a free drug program, and color on the gross-to-net around launch.

Answer

David Meeker, Chairman, CEO and President, Rhythm Pharmaceuticals, clarified that clinical trial patients would remain on drug, but there would not be a specific early access program. Jennifer Lee, EVP, Head of North America, Rhythm Pharmaceuticals, expressed positivity about payer feedback and market research. She explained that reimbursement processes would be similar to BBS, where access was gained even before formal policies were in place. David Meeker added that the gross-to-net difference for HO is hard to predict but primarily driven by the Medicare/commercial mix, as rebates are not a significant factor.

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Question · Q3 2025

Angela, on behalf of Whitney Lem, inquired about updates on payer conversations for the HO launch, whether most patients would be on a free drug program until policies finalize, and color on the gross-to-net around launch.

Answer

David Meeker, Chairman, CEO and President, clarified that there would be no specific early access program for new HO patients, but clinical trial patients would remain on drug until access is secured. Jennifer Lee, EVP, Head of North America, expressed positive feedback from payer discussions and market research, expecting a similar reimbursement process to BBS where access was gained even without formal policies, thus not requiring a wait for policy finalization.

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