Deerfield Management Adds Cara Therapeutics Inc. (CARA) To Its Equity Portfolio

James E. Flynn’s Deerfield Management, in a filing with the Securities and Exchange Commission, reported a position in Cara Therapeutics Inc. (NASDAQ:CARA). The fund holds 350,000 shares of the Cara Therapeutics Inc. (NASDAQ:CARA), the stake amassing 1.55% of the common stock.

Cara Therapeutics

On Feb. 5, Cara Therapeutics Inc. (NASDAQ:CARA) announced the closing of its initial public offering of 5,750,000 shares of common stock at $11.00 per share. The offering included the exercise in full by the underwriters of their option to purchase up to 750,000 additional shares of common stock at the same price to cover over-allotments.

Including the sale of the additional shares from the option, the net proceeds to the company from the initial public offering were about $55.9 million, after deducting underwriting discounts and commissions and estimated offering expenses, according to a news release.

Cara Therapeutics Inc. (NASDAQ:CARA) is an emerging biotechnology company focused on developing novel therapeutics to treat human diseases associated with pain and inflammation. The company possesses both near-term clinical development opportunities combined with proprietary approaches to developing first-in-class novel therapeutics.

Recently, Deerfield reported adding KaloBios Pharmaceuticals Inc. (NASDAQ:KBIO) to its equity portfolio. The fund currently holds around 3.18 million shares of the company, the passive stake amassing 9.64% of the common stock.

On Feb. Deerfield revealed holding shares of Auspex Pharmaceuticals Inc (NASDAQ:ASPX). The fund reported ownership of around 1.29 million class E preferred shares. The securities can be converted into shares of common stock on the basis of 0.222 shares of common stock per one unit of preferred stock.

As of September 30, 2013, Deerfield owned around 5.0 million shares of NxStage Medical Inc. (NASDAQ:NXTM), with a reported value of about $66.15 million.

Disclosure: none

Recommended Reading:

Tiger Global Reduces Stake in TAL Education Group (ADR) (XRS) Again

Jeff Lignelli’s Incline Global Is Betting On These Stocks: Endo Health Solutions Inc (ENDP), Tesoro Corporation (TSO) & Others

Invesco Private Capital Boosts its Stake in Brookdale Senior Living, Inc. (BKD)

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!