Velan Capital Investment Management LP Quant / Systematic

CIK: 0001848809 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 14, 2024

Total Value ($000): $171,327 (100.0% shares, 0.0% debt)

Holdings (20)

— ALIMERA SCIENCES INC 34.3%

Value ($000) $58,789 Shares 13,608,533 Est. Cost $3.12 Unrealized —

IWM ISHARES TR 17.6%

Value ($000) $30,107 Shares 150,000 Est. Cost — Unrealized —

HRTX HERON THERAPEUTICS INC 6.9%

Value ($000) $11,877 Shares 6,986,744 Est. Cost $2.38 Unrealized -53.6%

ADMA ADMA BIOLOGICS INC 5.6%

Value ($000) $9,655 Shares 2,136,100 Est. Cost $1.80 Unrealized +105.9%

— JASPER THERAPEUTICS INC 5.0%

Value ($000) $8,551 Shares 11,219,036 Est. Cost $3.29 Unrealized —

— TOURMALINE BIO INC 4.9%

Value ($000) $8,354 Shares 319,080 Est. Cost $26.18 Unrealized —

PRAX PRAXIS PRECISION MEDICINES I 4.5%

Value ($000) $7,701 Shares 345,666 Est. Cost $18.01 Unrealized 0.0%

— IMMUNOGEN INC 3.3%

Value ($000) $5,619 Shares 189,500 Est. Cost $18.87 Unrealized —

ROIV ROIVANT SCIENCES LTD 3.3%

Value ($000) $5,615 Shares 500,000 Est. Cost $9.75 Unrealized 0.0%

— OPTINOSE INC 2.9%

Value ($000) $4,898 Shares 3,796,861 Est. Cost $2.21 Unrealized —

LNTH LANTHEUS HLDGS INC 2.7%

Value ($000) $4,650 Shares 75,000 Est. Cost $26.60 Unrealized +154.7%

INSP INSPIRE MED SYS INC 2.1%

Value ($000) $3,662 Shares 18,000 Est. Cost $238.67 Unrealized -32.1%

APLS APELLIS PHARMACEUTICALS INC 1.7%

Value ($000) $2,993 Shares 50,000 Est. Cost $43.93 Unrealized +15.5%

NSPR INSPIREMD INC 1.5%

Value ($000) $2,540 Shares 904,029 Est. Cost $1.59 Unrealized +80.9%

ACRS ACLARIS THERAPEUTICS INC 1.1%

Value ($000) $1,850 Shares 1,761,595 Est. Cost $3.05 Unrealized 0.0%

GERN GERON CORP 1.0%

Value ($000) $1,643 Shares 778,500 Est. Cost $2.84 Unrealized -31.6%

IMVT IMMUNOVANT INC 0.7%

Value ($000) $1,159 Shares 27,500 Est. Cost $36.80 Unrealized 0.0%

— ENVVENO MEDICAL CORPORATION 0.5%

Value ($000) $885 Shares 172,235 Est. Cost $5.14 Unrealized —

TELA TELA BIO INC 0.3%

Value ($000) $513 Shares 77,500 Est. Cost $10.83 Unrealized -46.6%

— ELEVATION ONCOLOGY INC 0.2%

Value ($000) $267 Shares 497,299 Est. Cost $1.52 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ALIMERA SCIENCES INC	13,608,533	$58,789	34.3%	$3.12	—	COM NEW	016259202
IWM	ISHARES TR	150,000	$30,107	17.6%	—	—	Put	464287655
HRTX	HERON THERAPEUTICS INC	6,986,744	$11,877	6.9%	$2.38	-53.6%	COM	427746102
ADMA	ADMA BIOLOGICS INC	2,136,100	$9,655	5.6%	$1.80	+105.9%	COM	000899104
—	JASPER THERAPEUTICS INC	11,219,036	$8,551	5.0%	$3.29	—	COM	471871103
—	TOURMALINE BIO INC	319,080	$8,354	4.9%	$26.18	—	COM	89157D105
PRAX	PRAXIS PRECISION MEDICINES I	345,666	$7,701	4.5%	$18.01	0.0%	COM NEW	74006W207
—	IMMUNOGEN INC	189,500	$5,619	3.3%	$18.87	—	COM	45253H101
ROIV	ROIVANT SCIENCES LTD	500,000	$5,615	3.3%	$9.75	0.0%	SHS	G76279101
—	OPTINOSE INC	3,796,861	$4,898	2.9%	$2.21	—	COM	68404V100
LNTH	LANTHEUS HLDGS INC	75,000	$4,650	2.7%	$26.60	+154.7%	COM	516544103
INSP	INSPIRE MED SYS INC	18,000	$3,662	2.1%	$238.67	-32.1%	COM	457730109
APLS	APELLIS PHARMACEUTICALS INC	50,000	$2,993	1.7%	$43.93	+15.5%	COM	03753U106
NSPR	INSPIREMD INC	904,029	$2,540	1.5%	$1.59	+80.9%	COM	45779A846
ACRS	ACLARIS THERAPEUTICS INC	1,761,595	$1,850	1.1%	$3.05	0.0%	COM	00461U105
GERN	GERON CORP	778,500	$1,643	1.0%	$2.84	-31.6%	COM	374163103
IMVT	IMMUNOVANT INC	27,500	$1,159	0.7%	$36.80	0.0%	COM	45258J102
—	ENVVENO MEDICAL CORPORATION	172,235	$885	0.5%	$5.14	—	COM	29415J106
TELA	TELA BIO INC	77,500	$513	0.3%	$10.83	-46.6%	COM	872381108
—	ELEVATION ONCOLOGY INC	497,299	$267	0.2%	$1.52	—	COM	28623U101