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Posted On: 11/14/2024 6:55:34 PM
Post# of 69
Commodore Capital now owns 9.9% of MindMed $MNMD
Total owned shares are 8,176,721
https://ir.stockpr.com/mindmed/sec-filings-em...sc13ga.htm
Commodore Capital is a healthcare investment firm. We use a science-driven approach to invest in innovative companies that are developing medical products to meaningfully improve patients’ lives. The fund is designed to make long term investments in small-cap public and late-stage private biopharmaceutical companies.
They have achieved notable success with several investments in the biopharmaceutical sector. One significant win was their investment in BELLUS Health Inc., a biopharmaceutical company specializing in treatments for chronic cough and other hypersensitization disorders. Commodore Capital held approximately 5,128,557 shares of BELLUS Health, valued at $54.2 million, representing 8.7% of their portfolio as of November 2022.
In April 2023, BELLUS Health was acquired by GSK plc for $2 billion, a substantial premium over its market value at the time. This acquisition likely resulted in a significant return on investment for Commodore Capital, given their substantial stake in BELLUS Health prior to the acquisition.
Another notable investment is Cogent Biosciences, a biotechnology company developing precision therapies for genetically defined diseases. Commodore Capital's stake in Cogent Biosciences was valued at $64.5 million, making up 10.4% of their portfolio as of November 2022.
https://wallmine.com/fund/54f/commodore-capital-lp
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While specific financial outcomes are not detailed, the substantial allocation suggests a strong performance and confidence in the company's prospects. These investments underscore Commodore Capital's strategic focus on identifying and supporting promising healthcare companies, leading to significant returns in the sector.
Total owned shares are 8,176,721
https://ir.stockpr.com/mindmed/sec-filings-em...sc13ga.htm
Commodore Capital is a healthcare investment firm. We use a science-driven approach to invest in innovative companies that are developing medical products to meaningfully improve patients’ lives. The fund is designed to make long term investments in small-cap public and late-stage private biopharmaceutical companies.
They have achieved notable success with several investments in the biopharmaceutical sector. One significant win was their investment in BELLUS Health Inc., a biopharmaceutical company specializing in treatments for chronic cough and other hypersensitization disorders. Commodore Capital held approximately 5,128,557 shares of BELLUS Health, valued at $54.2 million, representing 8.7% of their portfolio as of November 2022.
In April 2023, BELLUS Health was acquired by GSK plc for $2 billion, a substantial premium over its market value at the time. This acquisition likely resulted in a significant return on investment for Commodore Capital, given their substantial stake in BELLUS Health prior to the acquisition.
Another notable investment is Cogent Biosciences, a biotechnology company developing precision therapies for genetically defined diseases. Commodore Capital's stake in Cogent Biosciences was valued at $64.5 million, making up 10.4% of their portfolio as of November 2022.
https://wallmine.com/fund/54f/commodore-capital-lp
--
While specific financial outcomes are not detailed, the substantial allocation suggests a strong performance and confidence in the company's prospects. These investments underscore Commodore Capital's strategic focus on identifying and supporting promising healthcare companies, leading to significant returns in the sector.
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