Opus Point Partners’ AUM, History and Investments

4. Ignyta Inc (NASDAQ:RXDX)

In Ignyta Inc (NASDAQ:RXDX), Opus Point Partners initiated a stake containing 170,500 shares worth $1.77 million as of the end of June. Bihua Chen’s Cormorant Asset Management also added Ignyta Inc (NASDAQ:RXDX) to its 13F portfolio during the second quarter, having amassed 1.50 million shares.

Ignyta Inc (NASDAQ:RXDX) is a small-cap company that is engaged in developing an integrated therapeutic and companion diagnostic strategy for cancer patients. In May, the company’s entrectinib received Breakthrough Therapy designation for the treatment of certain solid tumors. For the second quarter, Ignyta Inc (NASDAQ:RXDX) posted a net loss of $0.56 per share, which was slightly better than the analysts’ consensus estimate of a loss of $0.61 per share.