Fund Holdings

Velan Capital Investment Management LP

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
SUTRO BIOPHARMA INC312,000512,160+200,1603,609,84012,757,9067.99%+9,148,066
TENAX THERAPEUTICS INC83,333583,333+500,0001,015,8299,327,4955.84%+8,311,666
IMMIX BIOPHARMA INC35,000740,000+705,000183,0506,741,4004.22%+6,558,350
ANTERIS TECHNOLOGIES GLOBAL0700,000+700,00003,885,0002.43%+3,885,000
EDESA BIOTECH INC687,500827,500+140,000976,2504,327,8252.71%+3,351,575
XENCOR INC(XNCR)0250,000+250,00003,015,0001.89%+3,015,000
PRAXIS PRECISION MEDICINES I(PRAX)100,781100,781029,704,19232,470,63020.34%+2,766,438
CYTOMX THERAPEUTICS INC.80,000540,000+460,000340,8002,538,0001.59%+2,197,200
LYELL IMMUNOPHARMA INC0102,000+102,00002,046,1201.28%+2,046,120
EVOMMUNE INC506,754446,255-60,4998,675,62810,259,4026.43%+1,583,774
ROCKET PHARMACEUTICALS INC0294,643+294,64301,054,8220.66%+1,054,822
MAPLIGHT THERAPEUTICS INC(MPLT)522,305492,893-29,4129,174,28810,020,5156.28%+846,227
NASUS PHARMA LTD0359,390+359,3900797,8460.50%+797,846
QUOIN PHARMACEUTICALS LTD084,849+84,8490560,0030.35%+560,003
REZOLUTE INC750,000750,00001,770,0002,287,5001.43%+517,500
ESPERION THERAPEUTICS INC NE(ESPR)1,210,0001,720,000+510,0004,477,0004,712,8002.95%+235,800
ARTIVA BIOTHERAPEUTICS INC025,000+25,0000161,0000.10%+161,000
NEUMORA THERAPEUTICS INC.080,000+80,0000156,0000.10%+156,000
CORBUS PHARMACEUTICALS HLDGS13,00026,000+13,000105,820244,1400.15%+138,320
PRECISION BIOSCIENCES INC20,00040,000+20,00083,200220,0000.14%+136,800
XILIO THERAPEUTICS INC014,285+14,2850120,1370.08%+120,137
CONTEXT THERAPEUTICS INC100,000100,0000147,000262,0000.16%+115,000
KALARIS THERAPEUTICS INC018,000+18,0000103,8600.07%+103,860
OVID THERAPEUTICS INC160,000160,0000260,800355,2000.22%+94,400
MACROGENICS INC030,000+30,000086,7000.05%+86,700
KARYOPHARM THERAPEUTICS INC015,000+15,000083,5500.05%+83,550
PROTAGONIST THERAPEUTICS INC3,7003,7000323,158389,9800.24%+66,822
PMV PHARMACEUTICALS INC35,00073,000+38,00043,75090,5200.06%+46,770
DESIGN THERAPEUTICS INC20,00020,0000187,600212,8000.13%+25,200
LARIMAR THERAPEUTICS INC33,00033,0000125,730148,5000.09%+22,770
REPLIMUNE GROUP INC15,00020,000+5,000145,800153,0000.10%+7,200
IMMUNOME INC(IMNM)10,00010,0000214,800218,7000.14%+3,900
PROQR THRAPEUTICS N V45,00045,000090,90072,9000.05%-18,000
ARROWHEAD PHARMACEUTICALS IN(ARWR)6,5006,5000431,535407,5500.26%-23,985
PYXIS ONCOLOGY INC40,0000-40,00046,0000-46,000
NURIX THERAPEUTICS INC(NRIX)16,00016,0000303,520248,0000.16%-55,520
XILIO THERAPEUTICS INC170,0000-170,000108,8340-108,834
EUPRAXIA PHARMACEUTICALS INC352,000352,00002,657,6002,548,4801.60%-109,120
GOSSAMER BIO INC70,00070,0000217,00022,9950.01%-194,005
PROTARA THERAPEUTICS INC2,834,6522,834,652015,108,69514,768,5379.25%-340,158
VENTYX BIOSCIENCES INC40,0000-40,000361,2000-361,200
INSPIREMD INC2,143,6982,099,652-44,0463,815,7823,422,4332.14%-393,349
PROFOUND MED CORP285,710285,71002,248,5381,851,4011.16%-397,137
ABIVAX SA(ABVX)67,00077,000+10,0009,035,2858,573,9505.37%-461,335
TREVI THERAPEUTICS INC(TRVI)(Call)38,5000-38,500482,0200-482,020
VIRIDIAN THERAPEUTICS INC(VRDN)86,50091,123+4,6232,691,8801,782,3661.12%-909,514
KAZIA THERAPEUTICS LTD300,000135,315-164,6852,067,0001,006,7440.63%-1,060,256
VERRICA PHARMACEUTICALS INC471,559471,55903,918,6552,494,5471.56%-1,424,108
AVALO THERAPEUTICS INC263,642185,122-78,5204,787,7392,763,8711.73%-2,023,868
SYNDAX PHARMACEUTICALS INC(SNDX)130,00010,000-120,0002,731,300233,6000.15%-2,497,700
JASPER THERAPEUTICS INC2,668,3952,668,39504,883,1632,338,0471.46%-2,545,116
TREVI THERAPEUTICS INC(TRVI)205,0000-205,0002,566,6000-2,566,600
TERNS PHARMACEUTICALS INC70,0000-70,0002,828,0000-2,828,000
RAPT THERAPEUTICS INC108,0000-108,0003,657,9600-3,657,960
HERON THERAPEUTICS INC8,753,2908,753,290011,379,2777,003,5074.39%-4,375,770
LANTHEUS HLDGS INC(LNTH)74,6870-74,6874,970,4200-4,970,420
MINERALYS THERAPEUTICS INC(MLYS)151,00011,000-140,0005,479,790297,9900.19%-5,181,800
CIDARA THERAPEUTICS INC108,4040-108,40423,945,3600-23,945,360
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