The Rhythm Biosciences Ltd (ASX: RHY) share price roared over 12% higher yesterday to close at $1.18. Over the past six-month period, the Rhythm Biosciences share price has thundered over a staggering 1,300%.
Rhythm Biosciences share price hits record high
Just over a week ago, the Rhythm Biosciences share price hit a record high. This gain was following two positive December announcements. The first announcement related to the company appointing a manufacturer for its ColoSTAT product.
ColoSTAT is a minimally invasive blood test that supports the early detection of bowel cancer. Colorectal cancer is presently the second biggest cause of cancer death in the world and continues to grow.
The second announcement also pertained to…