Deerfield Management Reveals Position in Newly Public Company Trivascular Technologies Inc (TRIV)

As a new filing with the Securities and Exchange Commission showed, Deerfield Management, a healthcare focused investment firm, managed by James E. Flynn, disclosed a new stake in Trivascular Technologies Inc (NASDAQ:TRIV), a company that began trading on April 16. The stake held by Deerfield amasses close to 632,700 shares, valued at almost $7.6 million.

Trivascular

Trivascular Technologies Inc (NASDAQ:TRIV) is specialized in production and sale of medical devices and technology for invasive treatment of abdominal aortic aneurysms. The company is currently conducting its IPO, during which it plans to sell a total of 6.5 million shares at a price of $12.00 apiece. The IPO price has been set below the price disclosed in one of the amendments to the S-1 form with the SEC, in which the company indicated a price of $15.00 per share.

Among the largest shareholders of the company, is New Enterprise Associates, which together with affiliates holds around 17.7%, followed by Delphi Ventures, which owns 14.2% together with its affiliates, among other investors which hold less significant positions.

Last week, Deerfield Management reported raising its exposure to Insmed Incorporated (NASDAQ:INSM), in which it now holds 3.04 million shares, equal to 7.75% of the outstanding stock. In fact, Mr. Flynn has been bullish on several companies since the beginning of the year, and reported increases in several of its holdings. At the same time the fund initiated positions in several healthcare companies, some of which also right after their IPO. One of them is Cara Therapeutics Inc. (NASDAQ:CARA), in which Deerfield disclosed ownership of 350,000 shares a couple of days after the company went public.

Disclosure: none

Recommended Reading:

James Flynn, Deerfield Management Boost Stake in Streamline Health Solutions Inc. (STRM)

James Flynn, Deerfield Management Step Up Interest In Alphatec Holdings Inc (ATEC)

Deerfield Management Boosts Its Stake in OvaScience Inc (OVAS)

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

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

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands in the World

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!