Published on 16 Nov 2023 on GuruFocus.com via Yahoo Finance
Cormorant Asset Management, LP Acquires New Stake in Frequency Therapeutics Inc
Introduction to the Transaction
Cormorant Asset Management, LP (Trades, Portfolio), a notable investment firm, has recently expanded its portfolio by purchasing shares in Frequency Therapeutics Inc (NASDAQ:FREQ). The transaction, which took place on November 6, 2023, saw Cormorant Asset Management acquiring 679,170 shares at a price of $0.2996 per share. This move has resulted in a new holding for the firm, with the trade impacting its portfolio by 0.01%. The firm now holds an 8.49% stake in Frequency Therapeutics, indicating a significant level of confidence in the biotechnology company's prospects.
Profile of Cormorant Asset Management, LP (Trades, Portfolio)