REG - RTW Biotech Opp. - Monthly Valuation Update and Factsheet

RTW Biotech OpportunitiesAnnouncement

14/10/2024 07:00

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RNS Number : 8963H  RTW Biotech Opportunities Ltd  14 October 2024

LEI: 549300Q7EXQQH6KF7Z84

14 October 2024

RTW Biotech Opportunities Ltd

Monthly Valuation Update and Factsheet

-2.8% NAV movement for the month

RTW Biotech Opportunities Ltd (the "Company") announces that the unaudited net
asset value attributable to the ordinary shares of the Company at the close of
business on 30 September 2024 (the "NAV") was US$685.9 million, or US$1.95 per
ordinary share, -2.8% from the previous month.

The monthly factsheet is available on the Company's website:

 

https://www.rtwfunds.com/rtw-biotech-opportunities-ltd/factsheets-letters/
(https://www.rtwfunds.com/rtw-biotech-opportunities-ltd/factsheets-letters/)

 

Highlights from the Investment Manager's quarterly letter:

·      Alongside our partners, we unveiled our first obesity NewCo,
Kailera Therapeutics.  Kailera's most advanced program is an injectable GLP-1
that has demonstrated excellent Phase 2 results and includes an oral GLP in
the clinic.

·      September was the most active month for IPOs in our space since
2022. Four IPOs were priced; all were upsized and trading up post-market.

·      Two of our private companies had IPOs in the third quarter:
BioAge Labs and Artiva Biotherapeutics. Both have traded well since. So far
this year, the private portfolio has now seen five liquidity events.

·      Avidity Biosciences continued its climb this year on the back of
good data from its third program, AOC1044 for Duchenne patients.

·      Rocket Pharmaceuticals slid due to investor frustration over slow
execution on the Danon trial, unfounded rumours of a clinical hold, and a
delayed submission for Fanconi.

·      We made two new private investments in the quarter. Jade
Biosciences is an exciting new biotech developing best-in-class therapies for
autoimmune diseases. We believe there is high potential and value in Jade's
pipeline, which aims to address significant unmet medical needs in immunology
and inflammation. Aktis Oncology is a clinical-stage biotech company
pioneering the discovery and development of novel targeted alpha
radiopharmaceuticals to treat a range of solid tumours.

 

For Further Information

 RTW Investments, LP                                      +44 20 7959 6361
 Woody Stileman, Managing Director, Business Development  biotechopportunities@rtwfunds.com (mailto:biotechopportunities@rtwfunds.com)

 Krisha McCune, Director, Investor Relations

 Buchanan (PR & Communications Adviser)                   +44 20 7466 5107
 Charles Ryland
 Henry Wilson
 George Beale

 Deutsche Numis (Joint Corporate Broker)                  +44 20 7260 1000
 Freddie Barnfield
 Nathan Brown
 Euan Brown

 BofA Securities (Joint Corporate Broker)                 +44 20 7628 1000
 Edward Peel
 Alex Penney

 Cadarn Capital (Distribution & IR Partner)               +44 73 6888 3211
 David Harris

 Elysium Fund Management Limited                          +44 1481 703100

 Joanna Duquemin Nicolle, Chief Executive Officer

 Sadie Morrison, Managing Director

 Morgan Stanley Fund Services USA LLC                     +1 914 225 8885

 

About Biotech Opportunities Ltd:

RTW Biotech Opportunities Ltd (LSE: RTW & RTWG) 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
(https://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
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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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