Dennis Purcell’s Aisling Capital and Samuel Isaly’s OrbiMed Advisors have initiated new positions in Cynapsus Therapeutics Inc (NASDAQ:CYNA). In new filings with the U.S. Securities and Exchange Commission, Aisling Capital disclosed owning 921,381 shares of Cynapsus Therapeutics Inc (NASDAQ:CYNA), representing 8.1% of its outstanding common stock. Meanwhile, OrbiMed Advisors, in a separate filing, reported a 9.99% stake in Cynapsus Therapeutics Inc (NASDAQ:CYNA), containing 1.22 million shares of the company. Both stakes are passive by nature.
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Aisling Capital is an early-stage investment fund with a focus on healthcare. Founded by Dennis Purcell, the fund has about $1.6 billion in assets under management (AUM). Prior to Aisling, Purcell served as managing director of the Life Sciences Investment Banking Group at Chase H&Q for over five years. Purcell also served as managing director in the healthcare group at PaineWebber. In its latest 13F for the March 31 reporting period, Aisling Capital disclosed a public equity portfolio valued at $764.2 million. The fund’s top holdings, in terms of value, were Esperion Therapeutics Inc (NASDAQ:ESPR), Cempra Inc (NASDAQ:CEMP), and Zeltiq Aesthetics Inc (NASDAQ:ZLTQ).
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New York-based OrbiMed Advisors is a healthcare fund that invests in pharmaceutical and medical device companies in all stages of development. The fund, which has been investing in such healthcare-related private equities since 1993, focuses on healthcare-related opportunities in North America, Europe, India, China, and Israel. The market value of Orbimed’s public equity portfolio totaled $11.71 billion at the end of the first quarter of 2015. Its top holdings consist of Bristol-Myers Squibb Co (NYSE:BMY), Biogen Inc (NASDAQ:BIIB), and Amgen Inc. (NASDAQ:AMGN).