
LEI:
549300Q7EXQQH6KF7Z84
26 February 2025
RTW Biotech Opportunities
Ltd
RTW CIO increases position to
15%
RTW Biotech Opportunities Ltd (the
"Company", "RTW Bio"), a London Stock Exchange-listed investment
company focused on identifying transformative assets with high
growth potential across the life sciences sector, is pleased to
note the purchase by the CIO of its Investment Manager, Rod Wong,
of additional shares bringing his total shareholding to 15.00%.
Over the last year, he has acquired 20,663,008 shares in the market
following the completion of the Arix transaction.
Roderick Wong, Managing Partner and CIO at
RTW Investments,
LP, the Investment Manager commented: "I believe that now is a once-in-cycle opportunity to make
private and public investments in biotech, so I am excited to
increase my personal holdings in the Company. The listed investment
company structure is ideal for private to public healthcare
investing, exemplified by the opportunity we currently see in
next-generation obesity therapies. With our investments in Corxel
and Kailera, we believe that RTW Bio is uniquely positioned among
listed investment companies to benefit from continued innovation in
the area. Metsera's recent successful IPO points to the strong
interest for promising new obesity products."
William Simpson, Chair of the Board of the Company
commented: "We are delighted that
our Investment Manager's CIO, Rod Wong, has continued to personally
buy shares in the open market. This further emphasises RTW
Investments' commitment to and alignment with the Company and
underscores their strong belief that the Company's shares are
undervalued."
For
Further Information
RTW
Investments, LP
|
+44
20 7959 6361
|
Woody Stileman, Managing Director,
Business Development
Krisha McCune, Director, Investor
Relations
|
biotechopportunities@rtwfunds.com
|
Cadarn Capital (PR & Communications/Distribution & IR
Partner)
|
+44
79 8418 4461
|
Lucy Clark (PR)
|
Lucy@cadarncapital.com
|
David Harris
(Distribution)
|
+44
73 6888 3211
david@cadarncapital.com
|
Deutsche Numis (Joint Corporate Broker)
Freddie Barnfield
|
+44
20 7260 1000
|
Nathan Brown
|
|
Euan Brown
|
|
BofA Securities (Joint Corporate Broker)
|
+44
20 7628 1000
|
Edward Peel
|
|
Alex Penney
|
|
Altum (Guernsey) Limited (formerly named Elysium Fund
Management Ltd)
Joanna Duquemin Nicolle,
Director
Sadie Morrison, Director
|
+44 14 8170 3100
|
Morgan Stanley Fund Services USA LLC
|
+1
914 225 8885
|
|
|
About Biotech Opportunities Ltd:
RTW Biotech Opportunities Ltd (LSE:
RTW) is an investment fund focused on identifying transformative
assets with high growth potential across the biopharmaceutical and
medical technology sectors. Driven by a long-term approach to
support innovative businesses, RTW Biotech Opportunities Ltd
invests in companies developing next-generation therapies and
technologies that can significantly improve patients' lives. RTW
Biotech Opportunities Ltd is managed by RTW Investments, LP, a
leading healthcare-focused
entrepreneurial investment firm with
deep scientific expertise and a strong track record of supporting
companies developing life-changing therapies.
Visit the website
at www.rtwfunds.com/rtw-biotech-opportunities-ltd for
more information.
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The information in this announcement
may include forward-looking statements, which are based on the
current expectations and projections about future events, and in
certain cases can be identified by the use of terms such as "may",
"will", "should", "expect", "anticipate", "project", "estimate",
"intend", "continue", "target", "believe" (or the negatives
thereon) or other variations thereon or comparable terminology.
These forward-looking statements, as well as those included in any
related materials, are subject to risks, uncertainties and
assumptions about the Company and/or its underlying investments,
including, among other things, the development of the applicable
entity's business, trends in its operating industry, expected use
of financing proceeds and future capital expenditures and
acquisitions. In light of these risks, uncertainties and
assumptions, the events in the forward-looking statements may not
occur.
The information contained in this
announcement is given at the date of its publication (unless
otherwise marked). No reliance may be placed for any purpose
whatsoever on the information or opinions contained in this
announcement or on its completeness, accuracy or
fairness.
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