In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Kadmon Holdings Inc. (NYSE:KDMN) reported that Perceptive Advisors has picked up 5,185,847 of common stock as of 2017-03-17.
The acquisition brings the aggregate amount owned by Perceptive Advisors to a total of 5,185,847 representing a 10.00% stake in the company.
For those not familiar with the company, Kadmon Holdings, Inc. is an integrated biopharmaceutical company engaged in the discovery, development and commercialization of small molecules and biologics to address disease areas of various unmet medical needs. The Company is developing product candidates in a number of indications within autoimmune and fibrotic disease, oncology and genetic diseases. Its product pipeline consists of KD025, Tesevatinib and KD034. The Company’s other products include Ribasphere RibaPak, Ribasphere, Qsymia, Tetrabenazine and Valganciclovir. KD025 is an orally available, selective small molecule inhibitor of Rho-associated coiled-coil kinase 2 (ROCK2), a molecular target in multiple autoimmune, fibrotic and neurodegenerative diseases. Tesevatinib is an oral tyrosine kinase inhibitor (TKI) designed to block key molecular drivers of tumor growth, metastases and drug resistance. KD034 is the Company’s portfolio of enhanced formulations of trientine hydrochloride for the treatment of Wilson’s disease.
A glance at Kadmon Holdings Inc. (NYSE:KDMN)’s key stats reveals a current market capitalization of 159.08 Million based on 45.08 Million shares outstanding and a price at last close of $3.57 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-13, Loeb picked up 1,488,095 at a purchase price of $3.36. This brings their total holding to 9,407,745 as of the date of the filing.
On the sell side, the most recent transaction saw Marquardt unload 5,852 shares at a sale price of $49.06. This brings their total holding to 76,184.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Kadmon Holdings Inc. (NYSE:KDMN) as things move forward to see if its progress aligns with these transactions.
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