Stonepine Capital Management, LLC
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q4 2025 ▲▼ | Q1 2026 ▲▼ | Change ▲▼ | Q4 2025 ▲▼ | Q1 2026 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| SPDR SERIES TRUST(Put) ST STR SP BIOT | 0 | 400,000 | +400,000 | 0 | 51,092,000 | — | +51,092,000 |
| SPDR SERIES TRUST(Call) ST STR SP BIOT | 0 | 400,000 | +400,000 | 0 | 51,092,000 | — | +51,092,000 |
| TENAX THERAPEUTICS INC | 11,884 | 975,200 | +963,316 | 144,866 | 15,593,448 | 13.72% | +15,448,582 |
| ADMA BIOLOGICS INC(Call) | 0 | 1,150,000 | +1,150,000 | 0 | 10,361,500 | — | +10,361,500 |
| TERNS PHARMACEUTICALS INC(Call) | 0 | 100,000 | +100,000 | 0 | 5,272,000 | — | +5,272,000 |
| CAMP4 THERAPEUTICS CORP | 228,894 | 1,389,622 | +1,160,728 | 1,403,120 | 6,128,233 | 5.39% | +4,725,113 |
| ESTABLISHMENT LABS HLDGS INC(ESTA)(Call) | 0 | 50,000 | +50,000 | 0 | 2,839,000 | — | +2,839,000 |
| NEKTAR THERAPEUTICS(NKTR) | 85,000 | 85,000 | 0 | 3,593,800 | 6,115,750 | 5.38% | +2,521,950 |
| ALEXANDRIA REAL ESTATE EQ IN(Call) | 0 | 50,000 | +50,000 | 0 | 2,321,000 | — | +2,321,000 |
| ACADIA PHARMACEUTICALS INC(Call) | 0 | 100,000 | +100,000 | 0 | 2,226,000 | — | +2,226,000 |
| SOL-GEL TECHNOLOGIES LTD SHS NEW | 0 | 27,778 | +27,778 | 0 | 2,200,573 | 1.94% | +2,200,573 |
| CURIS INC | 59,349 | 3,726,406 | +3,667,057 | 58,583 | 2,039,462 | 1.79% | +1,980,879 |
| EVOLUS INC(Call) | 0 | 420,000 | +420,000 | 0 | 1,726,200 | — | +1,726,200 |
| AN2 THERAPEUTICS INC | 627,668 | 713,845 | +86,177 | 715,542 | 2,441,350 | 2.15% | +1,725,808 |
| XERIS BIOPHARMA HOLDINGS INC(Call) | 0 | 280,000 | +280,000 | 0 | 1,624,000 | — | +1,624,000 |
| OKYO PHARMA LTD | 0 | 850,000 | +850,000 | 0 | 1,368,500 | 1.20% | +1,368,500 |
| SI BONE INC(Call) | 0 | 100,000 | +100,000 | 0 | 1,263,000 | — | +1,263,000 |
| MANNKIND CORP(MNKD)(Call) | 0 | 500,000 | +500,000 | 0 | 1,225,000 | — | +1,225,000 |
| NEUMORA THERAPEUTICS INC.(Call) | 0 | 500,000 | +500,000 | 0 | 975,000 | — | +975,000 |
| CYTOMX THERAPEUTICS INC.(Call) | 0 | 200,000 | +200,000 | 0 | 940,000 | — | +940,000 |
| CYTOMX THERAPEUTICS INC. | 0 | 200,000 | +200,000 | 0 | 940,000 | 0.83% | +940,000 |
| DELCATH SYS INC(Call) | 0 | 100,000 | +100,000 | 0 | 928,000 | — | +928,000 |
| ARDELYX INC(Call) | 0 | 150,000 | +150,000 | 0 | 898,500 | — | +898,500 |
| CONNECT BIOPHARMA HLDGS LTD | 0 | 310,000 | +310,000 | 0 | 812,200 | 0.71% | +812,200 |
| HERON THERAPEUTICS INC(Call) | 0 | 1,000,000 | +1,000,000 | 0 | 800,100 | — | +800,100 |
| IN8BIO INC | 164,893 | 663,412 | +498,519 | 385,850 | 981,850 | 0.86% | +596,000 |
| SATELLOS BIOSCIENCE INC | 0 | 100,000 | +100,000 | 0 | 563,000 | 0.50% | +563,000 |
| PHATHOM PHARMACEUTICALS INC(PHAT) | 0 | 50,010 | +50,010 | 0 | 555,611 | 0.49% | +555,611 |
| ONKURE THERAPEUTICS INC | 0 | 132,578 | +132,578 | 0 | 548,873 | 0.48% | +548,873 |
| XILIO THERAPEUTICS INC | 0 | 64,162 | +64,162 | 0 | 539,602 | 0.47% | +539,602 |
| CRESCENT BIOPHARMA INC. | 87,682 | 85,000 | -2,682 | 1,039,909 | 1,561,450 | 1.37% | +521,541 |
| CANDEL THERAPEUTICS INC | 0 | 102,500 | +102,500 | 0 | 502,250 | 0.44% | +502,250 |
| PRECISION OPTICS CORP INC MA | 0 | 100,000 | +100,000 | 0 | 439,000 | 0.39% | +439,000 |
| CORBUS PHARMACEUTICALS HLDGS | 389,916 | 383,462 | -6,454 | 3,173,916 | 3,600,708 | 3.17% | +426,792 |
| ESTABLISHMENT LABS HLDGS INC(ESTA) | 0 | 6,000 | +6,000 | 0 | 340,680 | 0.30% | +340,680 |
| UPSTREAM BIO INC | 0 | 35,000 | +35,000 | 0 | 315,000 | 0.28% | +315,000 |
| OPUS GENETICS INC | 0 | 68,688 | +68,688 | 0 | 312,530 | 0.27% | +312,530 |
| ARVINAS INC | 0 | 27,500 | +27,500 | 0 | 291,500 | 0.26% | +291,500 |
| BIOAGE LABS INC(BIOA) | 45,000 | 50,000 | +5,000 | 595,350 | 874,500 | 0.77% | +279,150 |
| CODEXIS INC | 256,106 | 417,994 | +161,888 | 417,453 | 681,330 | 0.60% | +263,877 |
| PASITHEA THERAPEUTICS CORP | 275,062 | 831,301 | +556,239 | 354,830 | 616,659 | 0.54% | +261,829 |
| XERIS BIOPHARMA HOLDINGS INC | 0 | 40,030 | +40,030 | 0 | 232,174 | 0.20% | +232,174 |
| NEUMORA THERAPEUTICS INC. | 0 | 100,000 | +100,000 | 0 | 195,000 | 0.17% | +195,000 |
| SAB BIOTHERAPEUTICS INC | 0 | 50,000 | +50,000 | 0 | 191,500 | 0.17% | +191,500 |
| SI BONE INC | 0 | 14,964 | +14,964 | 0 | 188,995 | 0.17% | +188,995 |
| KALARIS THERAPEUTICS INC | 0 | 20,400 | +20,400 | 0 | 117,708 | 0.10% | +117,708 |
| PROCESSA PHARMACEUTICALS INC | 12,323 | 55,000 | +42,677 | 35,490 | 138,875 | 0.12% | +103,385 |
| AYTU BIOPHARMA INC | 813,704 | 792,289 | -21,415 | 2,115,630 | 2,162,949 | 1.90% | +47,319 |
| BIOATLA INC | 0 | 65,387 | +65,387 | 0 | 10,527 | 0.01% | +10,527 |
| ZENTALIS PHARMACEUTICALS INC | 463,700 | 269,100 | -194,600 | 625,995 | 629,694 | 0.55% | +3,699 |
| PLIANT THERAPEUTICS INC | 230,050 | 224,650 | -5,400 | 280,661 | 283,059 | 0.25% | +2,398 |
| JANUX THERAPEUTICS INC(JANX) | 20,000 | 20,000 | 0 | 276,000 | 278,000 | 0.24% | +2,000 |
| MAXCYTE INC | 469,018 | 1,004,673 | +535,655 | 726,978 | 705,783 | 0.62% | -21,195 |
| EVAXION AS | 20,000 | 19,713 | -287 | 95,400 | 73,332 | 0.06% | -22,068 |
| OVID THERAPEUTICS INC | 102,367 | 40,000 | -62,367 | 166,858 | 88,800 | 0.08% | -78,058 |
| XILIO THERAPEUTICS INC | 126,270 | 0 | -126,270 | 80,838 | 0 | — | -80,838 |
| PULMONX CORP | 486,400 | 768,288 | +281,888 | 1,074,944 | 991,092 | 0.87% | -83,852 |
| CNS PHARMACEUTICALS INC | 48,827 | 61,000 | +12,173 | 256,342 | 145,790 | 0.13% | -110,552 |
| RADIOPHARM THERANOSTICS LTD | 51,000,000 | 51,000,000 | 0 | 850,851 | 738,977 | 0.65% | -111,874 |
| BOUNDLESS BIO INC | 710,071 | 597,682 | -112,389 | 852,085 | 657,450 | 0.58% | -194,635 |
| CABALETTA BIO INC | 171,100 | 50,000 | -121,100 | 374,709 | 134,500 | 0.12% | -240,209 |
| COMPUGEN LTD | 305,400 | 104,300 | -201,100 | 467,262 | 222,159 | 0.20% | -245,103 |
| TENAYA THERAPEUTICS INC | 352,001 | 0 | -352,001 | 250,449 | 0 | — | -250,449 |
| KIORA PHARMACEUTICALS INC | 131,144 | 0 | -131,144 | 258,354 | 0 | — | -258,354 |
| DELCATH SYS INC | 27,232 | 0 | -27,232 | 275,043 | 0 | — | -275,043 |
| ADICET BIO INC | 220,011 | 221,955 | +1,944 | 1,852,493 | 1,511,514 | 1.33% | -340,979 |
| FENNEC PHARMACEUTICALS INC | 50,000 | 0 | -50,000 | 385,000 | 0 | — | -385,000 |
| ABEONA THERAPEUTICS INC | 709,505 | 746,587 | +37,082 | 3,739,091 | 3,344,710 | 2.94% | -394,381 |
| MANNKIND CORP(MNKD) | 86,359 | 16,300 | -70,059 | 489,656 | 39,935 | 0.04% | -449,721 |
| HERON THERAPEUTICS INC | 1,237,802 | 1,402,191 | +164,389 | 1,609,143 | 1,121,893 | 0.99% | -487,250 |
| PMV PHARMACEUTICALS INC | 1,150,759 | 708,102 | -442,657 | 1,438,449 | 878,046 | 0.77% | -560,403 |
| KAZIA THERAPEUTICS LTD | 460,359 | 345,179 | -115,180 | 3,171,874 | 2,568,132 | 2.26% | -603,742 |
| ABEONA THERAPEUTICS INC(Call) | 200,000 | 100,000 | -100,000 | 1,054,000 | 448,000 | — | -606,000 |
| ZEVRA THERAPEUTICS INC | 569,088 | 480,000 | -89,088 | 5,099,028 | 4,473,600 | 3.93% | -625,428 |
| GOSSAMER BIO INC | 204,770 | 0 | -204,770 | 634,787 | 0 | — | -634,787 |
| SEMLER SCIENTIFIC INC | 50,000 | 0 | -50,000 | 764,500 | 0 | — | -764,500 |
| QUOIN PHARMACEUTICALS LTD | 78,189 | 53,460 | -24,729 | 1,128,267 | 352,836 | 0.31% | -775,431 |
| EDESA BIOTECH INC | 687,500 | 30,000 | -657,500 | 976,250 | 156,900 | 0.14% | -819,350 |
| XOMA ROYALTY CORPORATION | 115,000 | 69,500 | -45,500 | 3,057,850 | 2,180,215 | 1.92% | -877,635 |
| KEZAR LIFE SCIENCES INC COM NEW | 156,179 | 0 | -156,179 | 982,366 | 0 | — | -982,366 |
| X4 PHARMACEUTICALS INC | 593,573 | 335,309 | -258,264 | 2,374,292 | 1,384,826 | 1.22% | -989,466 |
| OMNIAB INC | 701,000 | 164,045 | -536,955 | 1,296,850 | 257,551 | 0.23% | -1,039,299 |
| GERON CORP(GERN) | 805,800 | 0 | -805,800 | 1,063,656 | 0 | — | -1,063,656 |
| TELA BIO INC | 2,352,032 | 2,617,252 | +265,220 | 2,775,398 | 1,622,696 | 1.43% | -1,152,702 |
| ELEDON PHARMACEUTICALS INC | 893,100 | 35,000 | -858,100 | 1,348,581 | 107,800 | 0.09% | -1,240,781 |
| MILESTONE PHARMACEUTICALS IN | 662,666 | 0 | -662,666 | 1,338,585 | 0 | — | -1,338,585 |
| ENANTA PHARMACEUTICALS INC | 100,000 | 0 | -100,000 | 1,577,000 | 0 | — | -1,577,000 |
| SURROZEN INC | 113,631 | 33,005 | -80,626 | 2,568,061 | 961,436 | 0.85% | -1,606,625 |
| SPRUCE BIOSCIENCES INC | 19,742 | 0 | -19,742 | 1,719,726 | 0 | — | -1,719,726 |
| DAY ONE BIOPHARMACEUTICALS I COM | 200,000 | 0 | -200,000 | 1,864,000 | 0 | — | -1,864,000 |
| NEKTAR THERAPEUTICS(NKTR)(Call) | 50,000 | 0 | -50,000 | 2,114,000 | 0 | — | -2,114,000 |
| CYBIN INC | 339,902 | 134,060 | -205,842 | 2,780,398 | 643,488 | 0.57% | -2,136,910 |
| ULTRAGENYX PHARMACEUTICAL IN(RARE)(Call) | 100,000 | 0 | -100,000 | 2,300,000 | 0 | — | -2,300,000 |
| VERRICA PHARMACEUTICALS INC | 353,669 | 99,735 | -253,934 | 2,938,989 | 527,598 | 0.46% | -2,411,391 |
| ALEXANDRIA REAL ESTATE EQ IN(Call) | 50,000 | 0 | -50,000 | 2,447,000 | 0 | — | -2,447,000 |
| CRISPR THERAPEUTICS AG(CRSP)(Call) | 50,000 | 0 | -50,000 | 2,622,000 | 0 | — | -2,622,000 |
| ACADIA PHARMACEUTICALS INC | 100,000 | 0 | -100,000 | 2,671,000 | 0 | — | -2,671,000 |
| INHIBIKASE THERAPEUTICS INC | 2,348,147 | 957,202 | -1,390,945 | 4,813,701 | 1,608,099 | 1.41% | -3,205,602 |
| INDIVIOR PLC | 100,000 | 0 | -100,000 | 3,588,000 | 0 | — | -3,588,000 |
| VERASTEM INC | 2,732,079 | 3,302,300 | +570,221 | 21,091,650 | 17,502,190 | 15.39% | -3,589,460 |