Held by 2 specialist biotech funds
# Signal Note: Perceptive Advisors Initiates $20.4M Position in Rapport Therapeutics Edelman's Perceptive Advisors—known for selective early-stage biotech picks—has initiated a meaningful 673,923-share position in RAPP, suggesting conviction in Rapport's clinical pipeline. Rapport's lead asset, RP5063, is a multimodal antipsychotic in Phase 2b for schizophrenia with differentiated mechanisms (5-HT1A agonist, D2 antagonist) designed to improve tolerability; clinical data readouts are expected in 2024-2025. This entry by a high-conviction, well-resourced investor with a track record of backing clinical winners likely reflects confidence in trial execution and upcoming data catalysts.