Fund HoldingsStonepine Capital Management, LLC

Total Portfolio Value
$136.97M
Total Bought
$50.44M
Total Sold
$30.70M
Net Transaction
+$19.74M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
INHIBIKASE THERAPEUTICS INC735,0192,348,147+1,613,1281,1914,8143.51%+3,623
CORBUS PHARMACEUTICALS HLDGS0389,916+389,91603,1742.32%+3,174
KAZIA THERAPEUTICS LTD0460,359+460,35903,1722.32%+3,172
VERRICA PHARMACEUTICALS INC0353,669+353,66902,9392.15%+2,939
CYBIN INC0339,902+339,90202,7802.03%+2,780
ADMA BIOLOGICS INC739,000740,000+1,00010,83413,4989.85%+2,664
CRISPR THERAPEUTICS AG(CRSP)(Call)050,000+50,00002,622+2,622
ALEXANDRIA REAL ESTATE EQ IN(Call)050,000+50,00002,447+2,447
ULTRAGENYX PHARMACEUTICAL IN(RARE)(Call)0100,000+100,00002,300+2,300
NEKTAR THERAPEUTICS(NKTR)(Call)050,000+50,00002,114+2,114
ADICET BIO INC0220,011+220,01101,8521.35%+1,852
SPRUCE BIOSCIENCES INC019,742+19,74201,7201.26%+1,720
EVOLUS INC1,536,3911,631,588+95,1979,43310,8507.92%+1,417
CAMP4 THERAPEUTICS CORP0228,894+228,89401,4031.02%+1,403
ABEONA THERAPEUTICS INC450,970709,505+258,5352,3813,7392.73%+1,358
ELEDON PHARMACEUTICALS INC0893,100+893,10001,3490.98%+1,349
MILESTONE PHARMACEUTICALS IN0662,666+662,66601,3390.98%+1,339
INDIVIOR PLC100,000100,00002,4113,5882.62%+1,177
QUOIN PHARMACEUTICALS LTD078,189+78,18901,1280.82%+1,128
ABEONA THERAPEUTICS INC(Call)0200,000+200,00001,054+1,054
CRESCENT BIOPHARMA INC.087,682+87,68201,0400.76%+1,040
RADIOPHARM THERANOSTICS LTD051,000,000+51,000,00008510.62%+851
SEMLER SCIENTIFIC INC050,000+50,00007650.56%+765
HERON THERAPEUTICS INC850,1001,237,802+387,7021,0711,6091.17%+538
COMPUGEN LTD0305,400+305,40004670.34%+467
AYTU BIOPHARMA INC891,855813,704-78,1511,6772,1161.54%+439
FENNEC PHARMACEUTICALS INC050,000+50,00003850.28%+385
CABALETTA BIO INC0171,100+171,10003750.27%+375
PASITHEA THERAPEUTICS CORP0275,062+275,06203550.26%+355
BOUNDLESS BIO INC413,453710,071+296,6185098520.62%+344
JANUX THERAPEUTICS INC(JANX)020,000+20,00002760.20%+276
DELCATH SYS INC027,232+27,23202750.20%+275
CNS PHARMACEUTICALS INC048,827+48,82702560.19%+256
TENAYA THERAPEUTICS INC0352,001+352,00102500.18%+250
CODEXIS INC88,264256,106+167,8422154170.30%+202
OVID THERAPEUTICS INC0102,367+102,36701670.12%+167
TENAX THERAPEUTICS INC011,884+11,88401450.11%+145
GOSSAMER BIO INC204,770204,77005396350.46%+96
EVAXION AS020,000+20,0000950.07%+95
XILIO THERAPEUTICS INC0126,270+126,2700810.06%+81
CURIS INC059,349+59,3490590.04%+59
IN8BIO INC159,421164,893+5,4723463860.28%+40
PROCESSA PHARMACEUTICALS INC012,323+12,3230350.03%+35
MAXCYTE INC459,018469,018+10,0007257270.53%+2
AN2 THERAPEUTICS INC563,913627,668+63,7557167160.52%-1
PULMONX CORP670,000486,400-183,6001,0851,0750.78%-10
JASPER THERAPEUTICS INC20,2000-20,200480-48
ZENTALIS PHARMACEUTICALS INC453,800463,700+9,9006856260.46%-59
WHITEHAWK THERAPEUTICS INC35,2530-35,253670-67
CHEMOMAB THERAPEUTICS LTD30,0000-30,000790-79
LARIMAR THERAPEUTICS INC25,0000-25,000810-81
KIORA PHARMACEUTICALS INC140,598131,144-9,4543912580.19%-133
PLIANT THERAPEUTICS INC289,237230,050-59,1874282810.20%-147
PROCESSA PHARMACEUTICALS INC1,030,2000-1,030,2001980-198
ABIVAX SA(ABVX)2,5000-2,5002120-212
SAVARA INC(SVRA)60,0000-60,0002140-214
HELIUS MED TECHNOLOGIES INC20,0000-20,0002980-298
MANNKIND CORP(MNKD)157,56986,359-71,2108464900.36%-356
ACLARIS THERAPEUTICS INC(ACRS)192,9000-192,9003670-367
REZOLUTE INC40,0000-40,0003760-376
CYTOMX THERAPEUTICS INC125,0000-125,0003990-399
ESTABLISHMENT LABS HLDGS INC(ESTA)10,5850-10,5854340-434
TELA BIO INC2,155,5192,352,032+196,5133,2122,7752.03%-436
HEALTH CATALYST INC155,5510-155,5514430-443
PMV PHARMACEUTICALS INC1,370,1391,150,759-219,3801,9181,4381.05%-480
KEZAR LIFE SCIENCES INC
COM NEW
383,182156,179-227,0031,4949820.72%-512
BIOAGE LABS INC188,57145,000-143,5711,1095950.43%-513
AQUESTIVE THERAPEUTICS INC100,6000-100,6005620-562
SYNDAX PHARMACEUTICALS INC(SNDX)37,2000-37,2005720-572
ULTRAGENYX PHARMACEUTICAL IN(RARE)20,0000-20,0006020-602
GRACE THERAPEUTICS INC211,0100-211,0106280-628
SURROZEN INC250,146113,631-136,5153,2232,5681.87%-655
ANGIODYNAMICS INC60,0000-60,0006700-670
EDESA BIOTECH INC(EDSA)687,500687,50001,6989760.71%-722
VIR BIOTECHNOLOGY INC(VIR)160,0000-160,0009140-914
VANDA PHARMACEUTICALS INC195,0000-195,0009730-973
ACADIA PHARMACEUTICALS INC174,544100,000-74,5443,7252,6711.95%-1,054
DYNAVAX TECHNOLOGIES CORP108,0940-108,0941,0730-1,073
ARDELYX INC200,0000-200,0001,1020-1,102
GERON CORP(GERN)1,600,000805,800-794,2002,1921,0640.78%-1,128
ALUMIS INC300,0000-300,0001,1970-1,197
X4 PHARMACEUTICALS INC1,056,338593,573-462,7653,6132,3741.73%-1,238
NEKTAR THERAPEUTICS(NKTR)85,00085,00004,8373,5942.62%-1,243
XOMA ROYALTY CORPORATION115,459115,000-4594,4503,0582.23%-1,392
SOLENO THERAPEUTICS INC24,0000-24,0001,6220-1,622
ENANTA PHARMACEUTICALS INC305,000100,000-205,0003,6511,5771.15%-2,074
OMNIAB INC2,142,857701,000-1,441,8573,4291,2970.95%-2,132
VERASTEM INC2,670,0322,732,079+62,04723,57621,09215.40%-2,485
ZEVRA THERAPEUTICS INC810,000569,088-240,9127,7035,0993.72%-2,604
DAY ONE BIOPHARMACEUTICALS I
COM
647,382200,000-447,3824,5641,8641.36%-2,700
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