James E. Flynn and his fund, Deerfield Management, have disclosed a stake in Audentes Therapeutics Inc (NASDAQ:BOLD), a company that has recently closed its initial public offering. According to a filing with the Securities and Exchange Commission, Flynn and Deerfield hold roughly 1.4 million shares, which account for some 6.68% of the company’s outstanding stock.
Audentes Therapeutics Inc (NASDAQ:BOLD) is a biotechnology company that aims to develop gene therapy for various rare diseases. The company sold 5 million shares at $15 apiece in its initial offering, raising $75 million that it plans to invest in its research work. Among the main conditions it is now studying are X-Linked myotubular myopathy, Crigler-Najjar Syndrome, and Pompe disease. The drug candidates for these three conditions are expected to produce preliminary results from their first trials during the second half of 2017.
Samuel Isaly‘s OrbiMed Advisors had also invested in Audentes Therapeutics Inc (NASDAQ:BOLD) before the initial public offering and was the largest shareholder with a 29.8% stake prior to the offering. Overall, since its inception in 2012, Audentes Therapeutics has raised $135.8 million in equity financing from various venture capitalists and private investors, as well as hedge funds.
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 |
---|---|---|---|---|---|---|
Deerfield Mgmt | 0 | 514,424 | 0 | 514,424 | 514,424 | 2.45% |
Deerfield Management Company | 0 | 1,403,654 | 0 | 1,403,654 | 1,403,654 | 6.68% |
Deerfield Mgmt III | 0 | 889,230 | 0 | 889,230 | 889,230 | 4.23% |
Deerfield Special Situations Fund | 0 | 514,424 | 0 | 514,424 | 514,424 | 2.45% |
Deerfield Private Design Fund III | 0 | 889,230 | 0 | 889,230 | 889,230 | 4.23% |
James E. Flynn | 0 | 1,403,654 | 0 | 1,403,654 | 1,403,654 | 6.68% |
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Page 1 of 14 – SEC Filing
Audentes Therapeutics, Inc.
Common Stock, par value $0.00001 per share
05070R104
July 25, 2016
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Page 2 of 14 – SEC Filing
CUSIP No. | 05070R104 | 13G | Page 2 of 11 |
1. | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Deerfield Mgmt, L.P. | ||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) o (b) ý | |
3. | SEC USE ONLY | ||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER 0 | |
6. | SHARED VOTING POWER 514,424 (1) | ||
7. | SOLE DISPOSITIVE POWER 0 | ||
8. | SHARED DISPOSITIVE POWER 514,424 (1) | ||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 514,424 (1) | ||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | o | |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.45% | ||
12. | TYPE OF REPORTING PERSON* PN |
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Page 3 of 14 – SEC Filing
CUSIP No. | 05070R104 | 13G | Page 3 of 11 |
1. | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Deerfield Management Company, L.P. | ||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) o (b) ý | |
3. | SEC USE ONLY | ||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER 0 | |
6. | SHARED VOTING POWER 1,403,654 (2) | ||
7. | SOLE DISPOSITIVE POWER 0 | ||
8. | SHARED DISPOSITIVE POWER 1,403,654 (2) | ||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,403,654 (2) | ||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | o | |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.68% | ||
12. | TYPE OF REPORTING PERSON* PN |
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Page 4 of 14 – SEC Filing
CUSIP No. | 05070R104 | 13G | Page 4 of 11 |
1. | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Deerfield Mgmt III, L.P. | ||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) o (b) ý | |
3. | SEC USE ONLY | ||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER 0 | |
6. | SHARED VOTING POWER 889,230 (3) | ||
7. | SOLE DISPOSITIVE POWER 0 | ||
8. | SHARED DISPOSITIVE POWER 889,230 (3) | ||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 889,230 (3) | ||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | o | |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.23% | ||
12. | TYPE OF REPORTING PERSON* PN |
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Page 5 of 14 – SEC Filing
CUSIP No. | 05070R104 | 13G | Page 5 of 11 |
1. | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Deerfield Special Situations Fund, L.P. | ||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) o (b) ý | |
3. | SEC USE ONLY | ||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER 0 | |
6. | SHARED VOTING POWER 514,424 | ||
7. | SOLE DISPOSITIVE POWER 0 | ||
8. | SHARED DISPOSITIVE POWER 514,424 | ||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 514,424 | ||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | o | |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.45% | ||
12. | TYPE OF REPORTING PERSON* PN |
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Page 6 of 14 – SEC Filing
CUSIP No. | 05070R104 | 13G | Page 6 of 11 |
1. | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Deerfield Private Design Fund III, L.P. | ||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) o (b) ý | |
3. | SEC USE ONLY | ||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER 0 | |
6. | SHARED VOTING POWER 889,230 | ||
7. | SOLE DISPOSITIVE POWER 0 | ||
8. | SHARED DISPOSITIVE POWER 889,230 | ||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 889,230 | ||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | o | |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.23% | ||
12. | TYPE OF REPORTING PERSON* PN |
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Page 7 of 14 – SEC Filing
CUSIP No. | 05070R104 | 13G | Page 7 of 11 |
1. | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) James E. Flynn | ||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) o (b) ý | |
3. | SEC USE ONLY | ||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION United States | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER 0 | |
6. | SHARED VOTING POWER 1,403,654 (4) | ||
7. | SOLE DISPOSITIVE POWER 0 | ||
8. | SHARED DISPOSITIVE POWER 1,403,654 (4) | ||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,403,654 (4) | ||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | o | |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.68% | ||
12. | TYPE OF REPORTING PERSON* IN |
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Page 8 of 14 – SEC Filing
CUSIP No. | 05070R104 | 13G | Page 8 of 11 |
Item 1(a). | Name of Issuer: | |
Audentes Therapeutics, Inc. | ||
Item 1(b). | Address of Issuer’s Principal Executive Offices: | |
600 California Street, 17th Floor San Francisco, CA 94108 | ||
Item 2(a). | Name of Person Filing: | |
James E. Flynn, Deerfield Mgmt, L.P., Deerfield Mgmt III, L.P., Deerfield Management Company, L.P., Deerfield Special Situations Fund, L.P. and Deerfield Private Design Fund III, L.P. | ||
Item 2(b). | Address of Principal Business Office, or if None, Residence: | |
James E. Flynn, Deerfield Mgmt, L.P., Deerfield Mgmt III, L.P., Deerfield Management Company, L.P., Deerfield Special Situations Fund, L.P., and Deerfield Private Design Fund III, L.P., 780 Third Avenue, 37th Floor, New York, NY 10017 | ||
Item 2(c). | Citizenship: | |
Deerfield Mgmt, L.P., Deerfield Mgmt III, L.P., Deerfield Management Company, L.P., Deerfield Private Design Fund III, L.P. and Deerfield Special Situations Fund, L.P. – Delaware limited partnerships; James E. Flynn – United States citizen | ||
Item 2(d). | Title of Class of Securities: | |
Common Stock, par value $0.00001 per share | ||
Item 2(e). | CUSIP Number: | |
05070R104 | ||
Item 3. | If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
(a) | o | Broker or dealer registered under Section 15 of the Exchange Act. | |
(b) | o | Bank as defined in Section 3(a)(6) of the Exchange Act. | |
(c) | o | Insurance company as defined in Section 3(a)(19) of the Exchange Act. | |
(d) | o | Investment company registered under Section 8 of the Investment Company Act. |
(e) | o | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); |
(f) | o | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); | |
(g) | o | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); |
(h) | o | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; |
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Page 9 of 14 – SEC Filing
CUSIP No. | 05070R104 | 13G | Page 9 of 11 |
(i) | o | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; |
(j) | o | A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); |
|
(k) | o | Group, in accordance with Rule 13d-1(b)(1)(ii)(K). |
Item 4. | Ownership. |
(a) | Amount beneficially owned**: | ||
Deerfield Mgmt, L.P. – 514,424 shares Deerfield Mgmt III, L.P. – 889,230 shares Deerfield Management Company, L.P. – 1,403,654 shares Deerfield Special Situations Fund, L.P. – 514,424 shares Deerfield Private Design Fund III, L.P. – 889,230 shares James E. Flynn – 1,403,654 shares | |||
(b) | Percent of class**: | ||
Deerfield Mgmt, L.P. – 2.45% Deerfield Mgmt III, L.P. – 4.23% Deerfield Management Company, L.P. – 6.68% Deerfield Special Situations Fund, L.P. – 2.45% Deerfield Private Design Fund III, L.P. – 4.23% James E. Flynn – 6.68% |
(c) | Number of shares as to which such person has**: | ||||
(i) | Sole power to vote or to direct the vote: | All Reporting Persons – 0 | |||
(ii) | Shared power to vote or to direct the vote: | Deerfield Mgmt, L.P. – 514,424 shares Deerfield Mgmt III, L.P. – 889,230 shares Deerfield Management Company, L.P. – 1,403,654 shares Deerfield Special Situations Fund, L.P. – 514,424 shares Deerfield Private Design Fund III, L.P. – 889,230 shares James E. Flynn – 1,403,654 shares |
(iii) | Sole power to dispose or to direct the disposition of: | All Reporting Persons – 0 | |||
(iv) | Shared power to dispose or to direct the disposition of: | Deerfield Mgmt, L.P. – 514,424 shares Deerfield Mgmt III, L.P. – 889,230 shares Deerfield Management Company, L.P. – 1,403,654 shares Deerfield Special Situations Fund, L.P. – 514,424 shares Deerfield Private Design Fund III, L.P. – 889,230 shares James E. Flynn – 1,403,654 shares |
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Page 10 of 14 – SEC Filing
CUSIP No. | 05070R104 | 13G | Page 10 of 11 |
Item 5. | Ownership of Five Percent or Less of a Class. |
| |
Item 6. | Ownership of More Than Five Percent on Behalf of Another Person. |
| N/A |
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
| N/A |
Item 8. | Identification and Classification of Members of the Group. |
| See Exhibit B |
Item 9. | Notice of Dissolution of Group. |
| N/A |
Item 10. | Certifications. |
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Page 11 of 14 – SEC Filing
CUSIP No. | 05070R104 | 13G | Page 11 of 11 |