Orbimed Advisors reduces its stake in Alpine Immune Sciences, Inc. By Investing.com

© Reuters. Orbimed Advisors reduced its stake in Alpine Immune Sciences, Inc.

On December 28, Orbimed Advisors sold 455,000 shares of Alpine Immune Sciences, Inc. (NASDAQ 🙂 for $ 7 million at an average price of $ 15.44 per share. Shares of Alpine Immune Sciences, Inc. fell -18.65% since the transaction. Orbimed Advisors’ interest in Alpine Immune Sciences, Inc. decreased to approximately 3.2 million shares with the transaction. Orbimed Advisors first purchased shares of Alpine Immune Sciences, Inc. in the third quarter of 2017. Orbimed Advisors also owns Bristol-Myers Squibb Co (NYSE :), Merck (MRK), Larimar Therapeutics, Inc. (LRMR) and Mirati Therapeutics Inc (NASDAQ :). Alpine Immune Sciences, Inc. is ranked 21st by number of shares and market value among biotech and life science stocks. In contrast, Farallon Capital Management and Millennium Management established new interests in Alpine Immune Sciences, Inc. Orbimed Advisors has also recently reduced its participation in LogicBio Therapeutics, Inc. (LOGC) and Keros Therapeutics, Inc. (KROS). The total value of the shares sold is estimated at about $ 40 million. Orbimed Advisors also reduced its stake in Arcutis Biotherapeutics, Inc. (NASDAQ 🙂 and Oric Pharmaceuticals, Inc. (ORIC). The total value of the shares sold is estimated to be around $ 17 million.

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will accept no responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading financial markets, it is one of the riskiest investment forms possible.