James E. Flynn‘s Deerfield Management has disclosed a stake in Syros Pharmaceuticals Inc (NASDAQ:SYRS), a biotechnology company recently gone public. According to a recent filing with the Securities and Exchange Commission, the fund holds 2.09 million shares, which account for approximately 8.97% of Syros Pharmaceuticals’ common stock.
Syros Pharmaceuticals Inc (NASDAQ:SYRS) has developed a gene control platform that analyzes the DNA of patients in order to identify new targets for gene control medicines. The company went public at the end of June in an IPO priced at $12.50 per share, although initially it aimed between $14 and $16 a share. Syros Pharmaceuticals offered 4.6 million shares and options for an additional 600,000 shares for their underwriters, totaling gross proceeds of $57.5 million. The company will use the funds to finance further development of its SY-1425 candidate for the treatment of acute myelogenous leukemia and myelodysplastic syndrome, and the SY-1365 candidate designed to treat acute leukemia.
No other hedge funds followed by Insider Monkey have yet disclosed a position in Syros Pharmaceuticals Inc (NASDAQ:SYRS).
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 | 628,566 | 0 | 628,566 | 628,566 | 2.69% |
Deerfield Management Company | 0 | 2,095,220 | 0 | 2,095,220 | 2,095,220 | 8.97% |
Deerfield Mgmt III | 0 | 1,466,654 | 0 | 1,466,654 | 1,466,654 | 6.28% |
Deerfield Special Situations Fund | 0 | 628,566 | 0 | 628,566 | 628,566 | 2.69% |
Deerfield Private Design Fund III | 0 | 1,466,654 | 0 | 1,466,654 | 1,466,654 | 6.28% |
James E. Flynn | 0 | 2,095,220 | 0 | 2,095,220 | 2,095,220 | 8.97% |
Page 1 of 14 – SEC Filing
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Page 2 of 14 – SEC Filing
CUSIP No. | 87184Q107 | 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 628,566 (1) | ||
7. | SOLE DISPOSITIVE POWER 0 | ||
8. | SHARED DISPOSITIVE POWER 628,566 (1) | ||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 628,566 (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 2.69% | ||
12. | TYPE OF REPORTING PERSON* PN |
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Page 3 of 14 – SEC Filing
CUSIP No. | 87184Q107 | 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 2,095,220 (2) | ||
7. | SOLE DISPOSITIVE POWER 0 | ||
8. | SHARED DISPOSITIVE POWER 2,095,220 (2) | ||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,095,220 (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 8.97% | ||
12. | TYPE OF REPORTING PERSON* PN |
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Page 4 of 14 – SEC Filing
CUSIP No. | 87184Q107 | 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 1,466,654 (3) | ||
7. | SOLE DISPOSITIVE POWER 0 | ||
8. | SHARED DISPOSITIVE POWER 1,466,654 (3) | ||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,466,654 (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 6.28% | ||
12. | TYPE OF REPORTING PERSON* PN |
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Page 5 of 14 – SEC Filing
CUSIP No. | 87184Q107 | 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 628,566 | ||
7. | SOLE DISPOSITIVE POWER 0 | ||
8. | SHARED DISPOSITIVE POWER 628,566 | ||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 628,566 | ||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | o | |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.69% | ||
12. | TYPE OF REPORTING PERSON* PN |
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Page 6 of 14 – SEC Filing
CUSIP No. | 87184Q107 | 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 1,466,654 | ||
7. | SOLE DISPOSITIVE POWER 0 | ||
8. | SHARED DISPOSITIVE POWER 1,466,654 | ||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,466,654 | ||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | o | |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.28% | ||
12. | TYPE OF REPORTING PERSON* PN |
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Page 7 of 14 – SEC Filing
CUSIP No. | 87184Q107 | 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 2,095,220 (4) | ||
7. | SOLE DISPOSITIVE POWER 0 | ||
8. | SHARED DISPOSITIVE POWER 2,095,220 (4) | ||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,095,220 (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 8.97% | ||
12. | TYPE OF REPORTING PERSON* IN |
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Page 8 of 14 – SEC Filing
CUSIP No. | 87184Q107 | 13G | Page 8 of 11 |
Item 1(a). | Name of Issuer: | |
Syros Pharmaceuticals, Inc. | ||
Item 1(b). | Address of Issuer’s Principal Executive Offices: | |
620 Memorial Drive, Suite 300 Cambridge, MA 02139 | ||
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 $0.001 per share | ||
Item 2(e). | CUSIP Number: | |
87184Q107 | ||
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); |
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Page 9 of 14 – SEC Filing
CUSIP No. | 87184Q107 | 13G | Page 9 of 11 |
(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; |
(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. – 628,566 shares Deerfield Mgmt III, L.P. – 1,466,654 shares Deerfield Management Company, L.P. – 2,095,220 shares Deerfield Special Situations Fund, L.P. – 628,566 shares Deerfield Private Design Fund III, L.P. – 1,466,654 shares James E. Flynn – 2,095,220 shares | |||
(b) | Percent of class**: | ||
Deerfield Mgmt, L.P. – 2.69% Deerfield Mgmt III, L.P. – 6.28% Deerfield Management Company, L.P. – 8.97% Deerfield Special Situations Fund, L.P. – 2.69% Deerfield Private Design Fund III, L.P. – 6.28% James E. Flynn – 8.97% |
(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. – 628,566 shares Deerfield Mgmt III, L.P. – 1,466,654 shares Deerfield Management Company, L.P. – 2,095,220 shares Deerfield Special Situations Fund, L.P. – 628,566 shares Deerfield Private Design Fund III, L.P. – 1,466,654 shares James E. Flynn – 2,095,220 shares |
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Page 10 of 14 – SEC Filing
CUSIP No. | 87184Q107 | 13G | Page 10 of 11 |
(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. – 628,566 shares Deerfield Mgmt III, L.P. – 1,466,654 shares Deerfield Management Company, L.P. – 2,095,220 shares Deerfield Special Situations Fund, L.P. – 628,566 shares Deerfield Private Design Fund III, L.P. – 1,466,654 shares James E. Flynn – 2,095,220 shares |
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. | 87184Q107 | 13G | Page 11 of 11 |
Jonathan Isler, Attorney-In-Fact
Jonathan Isler, Attorney-In-Fact
Jonathan Isler, Attorney-In-Fact
Jonathan Isler, Attorney-In-Fact
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Page 12 of 14 – SEC Filing
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Page 13 of 14 – SEC Filing
Jonathan Isler, Attorney-In-Fact
Jonathan Isler, Attorney-In-Fact
Jonathan Isler, Attorney-In-Fact