Affimed N.V. (AFMD): OrbiMed Advisors Cuts Its Position

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A freshly-amended 13D filing with the US SEC showed that Sam Isaly’s OrbiMed Advisors has sold some of its shares of Affimed N.V. (NASDAQ:AFMD), hence its stake in the company currently consists of 3.38 million common shares (which include 326,650 shares that can be obtained upon the Carve-Out Agreement), representing 10.15% of the float. Previously, the fund’s stake stood at 3.78 million shares, according to its 13F filing for the end of June.

Affimed N.V. is a clinical-stage biopharmaceutical company that works on producing cancer immunotherapies. Since the beginning of the year, the company’s stock has lost 60.39%. For the second quarter of 2016, Affimed N.V. disclosed a loss per share of €0.24 ($0.27) missing the estimates of a loss per share of €0.20, and revenue of €2.1 million, topping the estimates of €1.9 million.

Samuel Isaly Orbimed Advisors

Among investors from our database, nine reported long positions in Affimed N.V. (NASDAQ:AFMD) at the end of June, up by one from the previous quarter. Some of the bullish investors include Bain Capital’s Brookside Capital with a position valued at $5.20 million, James A. Silverman’s Opaleye Management which held a position worth around $1.48 million, Louis Bacon’s Moore Capital Management, and Julian and Felix Baker’s Baker Bros. Advisors.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
OrbiMed Advisors 0 3,375,000 0 3,375,000 3,375,000 10.15%
OrbiMed Capital GP III 0 3,343,965 0 3,343,965 3,343,965 10.05%
Samuel D. Isaly 0 3,375,000 0 3,375,000 3,375,000 10.15%

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Page 1 of 12 – SEC Filing

Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. 6)*


(Name of Issuer)


(Title of Class of Securities)


(CUSIP Number)
OrbiMed Advisors LLC
OrbiMed Capital GP III LLC
Samuel D. Isaly
601 Lexington Avenue, 54th Floor
New York, NY 10022

Telephone:  (212) 739-6400

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

September 22, 2016

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of § 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box £.
Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7(b) for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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