Broadfin Capital Thinks ContraFect Corp (CFRX) Can Prevent 25% of Deaths

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According to a recent 13G form filed with the Securities and Exchange Commission, Kevin Kotler‘s Broadfin Capital has initiated a stake in ContraFect Corp (NASDAQ:CFRX) to the tune of 1.42 million shares. The holding represents 7.0% of the $92.87 million biotechnology company’s outstanding common stock. Kevin Kotler launched his healthcare-focused New York-based fund in 2005 with the intention to emphasize company fundamentals and to invest with a long-term horizon. Throughout his career, Kotler has been analyzing and investing in medical technology companies and today Broadfin has investments in all the major sub-sectors of the healthcare industry. The fund currently has more than $1 billion in assets under management, and the market value of its public equity portfolio stood at $1.28 billion at the end of March. Although some holdings are from the finance and materials sectors, healthcare represents 89% of the fund’s portfolio value. Aside from ContraFect Corp (NASDAQ:CFRX), the top micro-cap picks of the fund at the end of March included Flamel Technologies S.A. (ADR) (NASDAQ:FLML) and Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR).

Kevin Kotler

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Hospital acquired infections are currently the fourth-leading cause of death in U.S. after heart disease, cancer, and stroke. ContraFect Corp (NASDAQ:CFRX) is focused on the development of therapeutic protein and antibody products for such life-threatening, drug-resistant infectious diseases. The company held its IPO in September last year and is down by about 9% since then, however, the stock has appreciated by nearly 36% year-to-date.

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