Velan Capital Investment Management LP Quant / Systematic

CIK: 0001848809 · Show all filings

Period: Q1 2024 (← Previous) (Next →)

Filing Date: May 14, 2024

Total Value ($000): $220,210 (100.0% shares, 0.0% debt)

Holdings (21)

— ALIMERA SCIENCES INC 24.1%

Value ($000) $53,073 Shares 13,608,533 Est. Cost $3.12 Unrealized —

JSPR JASPER THERAPEUTICS INC 19.1%

Value ($000) $42,097 Shares 1,471,904 Est. Cost $17.76 Unrealized 0.0%

PRAX PRAXIS PRECISION MEDICINES I 9.7%

Value ($000) $21,398 Shares 350,666 Est. Cost $18.39 Unrealized +143.9%

IWM ISHARES TR 9.5%

Value ($000) $21,030 Shares 100,000 Est. Cost — Unrealized —

HRTX HERON THERAPEUTICS INC 8.8%

Value ($000) $19,353 Shares 6,986,744 Est. Cost $2.38 Unrealized +5.8%

XBI SPDR SER TR 6.5%

Value ($000) $14,234 Shares 150,000 Est. Cost — Unrealized —

ADMA ADMA BIOLOGICS INC 4.6%

Value ($000) $10,089 Shares 1,528,601 Est. Cost $1.80 Unrealized +204.2%

— TOURMALINE BIO INC 3.3%

Value ($000) $7,307 Shares 319,080 Est. Cost $26.18 Unrealized —

OTLK OUTLOOK THERAPEUTICS INC 2.7%

Value ($000) $5,970 Shares 500,000 Est. Cost $8.09 Unrealized 0.0%

— OPTINOSE INC 2.0%

Value ($000) $4,382 Shares 3,001,191 Est. Cost $2.21 Unrealized —

TELA TELA BIO INC 1.9%

Value ($000) $4,230 Shares 746,087 Est. Cost $7.03 Unrealized -6.2%

INSP INSPIRE MED SYS INC 1.8%

Value ($000) $3,866 Shares 18,000 Est. Cost $238.67 Unrealized -17.9%

AQST AQUESTIVE THERAPEUTICS INC 1.2%

Value ($000) $2,556 Shares 600,000 Est. Cost $3.33 Unrealized 0.0%

— ELEVATION ONCOLOGY INC 1.2%

Value ($000) $2,551 Shares 497,299 Est. Cost $1.52 Unrealized —

NSPR INSPIREMD INC 1.0%

Value ($000) $2,143 Shares 904,029 Est. Cost $1.59 Unrealized +69.5%

GERN GERON CORP 0.7%

Value ($000) $1,650 Shares 500,000 Est. Cost $2.84 Unrealized -21.5%

MIST MILESTONE PHARMACEUTICALS IN 0.5%

Value ($000) $1,164 Shares 650,000 Est. Cost $1.62 Unrealized 0.0%

RZLT REZOLUTE INC 0.5%

Value ($000) $1,020 Shares 400,000 Est. Cost $1.42 Unrealized 0.0%

— ENVVENO MEDICAL CORPORATION 0.4%

Value ($000) $937 Shares 172,235 Est. Cost $5.14 Unrealized —

— KIORA PHARMACEUTICALS INC 0.4%

Value ($000) $777 Shares 1,100,000 Est. Cost $0.71 Unrealized —

— ASLAN PHARMACEUTICALS LTD 0.2%

Value ($000) $385 Shares 625,000 Est. Cost $0.62 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ALIMERA SCIENCES INC	13,608,533	$53,073	24.1%	$3.12	—	COM NEW	016259202
JSPR	JASPER THERAPEUTICS INC	1,471,904	$42,097	19.1%	$17.76	0.0%	COM NEW	471871202
PRAX	PRAXIS PRECISION MEDICINES I	350,666	$21,398	9.7%	$18.39	+143.9%	COM NEW	74006W207
IWM	ISHARES TR	100,000	$21,030	9.5%	—	—	Put	464287655
HRTX	HERON THERAPEUTICS INC	6,986,744	$19,353	8.8%	$2.38	+5.8%	COM	427746102
XBI	SPDR SER TR	150,000	$14,234	6.5%	—	—	Put	78464A870
ADMA	ADMA BIOLOGICS INC	1,528,601	$10,089	4.6%	$1.80	+204.2%	COM	000899104
—	TOURMALINE BIO INC	319,080	$7,307	3.3%	$26.18	—	COM	89157D105
OTLK	OUTLOOK THERAPEUTICS INC	500,000	$5,970	2.7%	$8.09	0.0%	COM	69012T305
—	OPTINOSE INC	3,001,191	$4,382	2.0%	$2.21	—	COM	68404V100
TELA	TELA BIO INC	746,087	$4,230	1.9%	$7.03	-6.2%	COM	872381108
INSP	INSPIRE MED SYS INC	18,000	$3,866	1.8%	$238.67	-17.9%	COM	457730109
AQST	AQUESTIVE THERAPEUTICS INC	600,000	$2,556	1.2%	$3.33	0.0%	COM	03843E104
—	ELEVATION ONCOLOGY INC	497,299	$2,551	1.2%	$1.52	—	COM	28623U101
NSPR	INSPIREMD INC	904,029	$2,143	1.0%	$1.59	+69.5%	COM	45779A846
GERN	GERON CORP	500,000	$1,650	0.7%	$2.84	-21.5%	COM	374163103
MIST	MILESTONE PHARMACEUTICALS IN	650,000	$1,164	0.5%	$1.62	0.0%	COM	59935V107
RZLT	REZOLUTE INC	400,000	$1,020	0.5%	$1.42	0.0%	COM NEW	76200L309
—	ENVVENO MEDICAL CORPORATION	172,235	$937	0.4%	$5.14	—	COM	29415J106
—	KIORA PHARMACEUTICALS INC	1,100,000	$777	0.4%	$0.71	—	COM NEW	49721T309
—	ASLAN PHARMACEUTICALS LTD	625,000	$385	0.2%	$0.62	—	SPON ADS NEW	04522R200