Ascendis Pharma (ASND): OrbiMed Advisors Adds More Shares

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Samuel Isaly just cannot get enough of Ascendis Pharma A/S (NASDAQ:ASND). According to an amended filing with the Securities and Exchange Commission, Isaly’s OrbiMed Advisors has recently acquired 371,514 shares of Ascendis, taking its tally to 3.67 million shares or 14.6% of the company’s outstanding stock. The fund has been actively buying Ascendis shares this quarter, having held only 222,223 shares at the end of March.

Based in Denmark, Ascendis Pharma A/S (NASDAQ:ASND) is a clinical stage biotech company that develops a number of prodrug therapies to address such deficiencies as growth hormone deficiency, pulmonary arterial hypertension and others. So far this year, the stock has been mostly in the red, falling by 26% to yesterday’s closing price of $13.27 per share. The company’s poor first quarter performance only made matters worse and put more pressure on the stock. Ascendis registered a loss of €0.82 ($0.92) per share and revenues of €1.3 million ($1.46 million), down by 40% year-over-year.

Samuel Isaly Orbimed Advisors

Ascendis Pharma A/S (NASDAQ:ASND) is not a very popular stock among the funds tracked by Insider Monkey, with only 10 of them having reported a stake in the company at the end of the first quarter, down from 11 registered at the end of December. Of the most prominent investors, Peter Kolchinsky and RA Capital Management had a sizable position in Ascendis Pharma, which amounted to 2.16 million shares. Julian Baker and Felix Baker‘s Baker Bros. Advisors held a more modest stake: 505,521 shares, unchanged over the course of the first quarter.

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 3,671,976 0 3,671,976 3,671,976 14.6%
OrbiMed Capital GP V 0 3,671,976 0 3,671,976 3,671,976 14.6%
Samuel D. Isaly 0 3,671,976 0 3,671,976 3,671,976 14.6%

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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)

Ordinary Shares

(Title of Class of Securities)
(CUSIP Number)
OrbiMed Advisors LLC
OrbiMed Capital GP V 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)

June 28, 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 o.
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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