Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Orbimed Follows Baker Bros and Buys Some Mirati Therapeutics Shares

Orbimed Advisors, a fund focused on the healthcare sector, led by Samuel Isaly, disclosed minutes ago purchasing 125,000 shares of Mirati Therapeutics, Inc. (NASDAQ:MRTX). The fund purchased the shares in one transaction, at a price of $17.50 apiece, increasing its position to a total of 1.3 million shares.

Mirati Therapeutics, Inc

Through the acquisition, Orbimed follows Baker Bros., which recently disclosed buying 400,000 shares of Mirati.

Disclosure: none

Recommended Reading:

Mario Gabelli Takes +5% Stakes in Global Sources Ltd and Belo Corp

Howard Marks Discloses 6.8% of Contango Oil & Gas, Affiliates Close Out of Crimson Exploration

4 Hedge Funds Heavily Invested in Apple’s Fate

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!