Viking Global Takes aTyr Pharma Stake ~ market folly

Monday, September 11, 2017

Viking Global Takes aTyr Pharma Stake

Andreas Halvorsen's hedge fund firm Viking Global has filed a 13G with the SEC regarding shares of aTyr Pharma (LIFE). Per the filing, Viking now owns % of the company with over 2.93 million shares.

This is a newly disclosed equity position and the filing was made due to activity on August 31st.  aTyr Pharma recently issued a press release stating that they'd raised $45 million in equity financing, with Viking purchasing a block of non-voting Class X Preferred Stock at $13.25 per share, each which converts into 5 shares of common stock with various conditions.

We've highlighted previous portfolio activity from Viking Global here.

Per Google Finance, aTyr Pharma is "a clinical-stage biotherapeutics company. The Company is engaged in the discovery and clinical development of medicines for patients suffering from severe, rare diseases using its Physiocrine biology, a discovered set of physiological modulators. The Company focuses on the development of Physiocrine-based therapeutics for the treatment of rare diseases, including facioscapulohumeral muscular dystrophy (FSHD) and limb-girdle muscular dystrophy (LGMD) 2B. The Company is developing Resolaris, an intravenous protein therapeutic for the treatment of rare myopathies with an immune component (RMICs). The Company is investigating Resolaris in patients with LGMD2B. The Company is conducting approximately three open label trials in patients with early onset FSHD, in adult patients with FSHD or LGMD2B and a long-term extension study in adult patients with FSHD. The Company has not generated any revenues."

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