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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs

Institutional Manager · CIK 0001848809

Velan Capital Investment Management LP

Alpharetta, GA · File #028-21996

Latest AUM
$172.4M
Positions
48
Top-10 Concentration
70.6%
Filings
12

Sector Allocation

Healthcare
75.7%$130.4M

Filing History

View all filings →

Top 20 Holdings — Dec 2025

#IssuerTickerSharesValue% of Portfolio
1PRAXIS PRECISION MEDICINES IPRAX100,781$29.7M17.23%
2CIDARA THERAPEUTICS INC171757206108,404$23.9M13.89%
3PROTARA THERAPEUTICS INCTARA2,834,652$15.1M8.76%
4HERON THERAPEUTICS INCHRTX8,753,290$11.4M6.60%
5ABIVAX SAAAVXF67,000$9.0M5.24%
6EVOMMUNE INCEVMN506,754$8.7M5.03%
7MAPLIGHT THERAPEUTICS INCMPLT492,893$8.7M5.02%
8MINERALYS THERAPEUTICS INCMLYS151,000$5.5M3.18%
9LANTHEUS HLDGS INCLNTH74,687$5.0M2.88%
10AVALO THERAPEUTICS INCAVTX263,642$4.8M2.78%
11ESPERION THERAPEUTICS INC NEESPR1,210,000$4.5M2.60%
12JASPER THERAPEUTICS INCJSPRW2,423,067$4.4M2.57%
13VERRICA PHARMACEUTICALS INCVRCA471,559$3.9M2.27%
14INSPIREMD INCNSPR2,143,698$3.8M2.21%
15RAPT THERAPEUTICS INC75382E208108,000$3.7M2.12%
16SUTRO BIOPHARMA INCSTRO312,000$3.6M2.09%
17TERNS PHARMACEUTICALS INCTERN70,000$2.8M1.64%
18SYNDAX PHARMACEUTICALS INCSNDX130,000$2.7M1.58%
19VIRIDIAN THERAPEUTICS INCVRDN86,500$2.7M1.56%
20EUPRAXIA PHARMACEUTICALS INCEPRX352,000$2.7M1.54%