Deerfield Management BCAX Position
Exited6-Fund ConvergenceDeerfield Management exited their position in Bicara Therapeutics Inc. (BCAX) in Q1 2025, after holding the stock for 3 quarters.
The position was first reported in Q3 2024 and has been tracked across 3 quarterly 13F filings.
BCAX is a convergence signal: 6 specialist biotech funds hold this stock, suggesting high institutional conviction.
There is an upcoming Phase 2 readout for Ficerafusp alfa in 745 days (Apr 30, 2028), making the timing of Deerfield's position particularly relevant.
Short interest stands at 20.8% of float with 14.7 days to cover, indicating significant bearish positioning against the stock.
About Bicara Therapeutics Inc.
Bicara Therapeutics Inc., a clinical-stage biopharmaceutical company, develops bifunctional therapies for solid tumors. Its lead program is ficerafusp alfa, a bifunctional antibody that combines an epidermal growth factor receptor (EGFR) directed monoclonal antibody with a domain that binds to human transforming growth factor beta (TGF-b) for the treatment of solid tumors. The company was incorporated in 2018 and is based in Boston, Massachusetts. Bicara Therapeutics Inc. is a subsidiary of Biocon Limited.
Full company profile →Short Interest
20.8%
14.7 days to cover
Deerfield Management BCAX Position History
Frequently Asked Questions
Does Deerfield Management own BCAX?
No. Deerfield Management exited their position in Bicara Therapeutics Inc. (BCAX) in Q1 2025. They previously held the stock for 3 quarters.
How many hedge funds own BCAX?
6 specialist biotech hedge funds currently hold BCAX, including RA Capital Management, Deep Track Capital, Baker Bros. Advisors and 3 more. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Deerfield Management first buy BCAX?
Deerfield Management's position in BCAX was first reported in Q3 2024. 13F filings are reported with a 45-day delay, so the actual purchase may have occurred earlier in the quarter.
Is Deerfield Management's BCAX position increasing or decreasing?
Deerfield Management completely exited their BCAX position in the most recent quarter.
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