Deerfield Management RXRX Position
Exited3-Fund ConvergenceDeerfield Management exited their position in Recursion Pharmaceuticals Inc. (RXRX) 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.
RXRX is a convergence signal: 3 specialist biotech funds hold this stock, suggesting high institutional conviction.
Short interest stands at 34.9% of float with 9.8 days to cover, indicating significant bearish positioning against the stock.
About Recursion Pharmaceuticals Inc.
Recursion Pharmaceuticals, Inc. operates as a clinical-stage biotechnology company, engages in the decoding biology by integrating technological innovations across biology, chemistry, automation, data science, and engineering to industrialize drug discovery. The company develops REC-994, which is in Phase IIa clinical trial to treat cerebral cavernous malformation; REC-2282 for the treatment of neurofibromatosis type 2; REC-4881 to treat familial adenomatous polyposis; and REC-3599, which is in Phase I clinical trial to treat GM2 gangliosidosis. Its preclinical stage product includes REC-3964 to treat Clostridium difficile colitis; REC-64917 for the treat of neural or systemic inflammation; REC-65029 to treat HRD-negative ovarian cancer; REC-648918 to enhance anti-tumor immune; REC-2029 for the treatment of wnt-mutant hepatocellular carcinoma; REC-14221 to treat solid and hematological malignancies; and REC-64151 for the treatment of immune checkpoint resistance in KRAS/STK11 mutant non-small cell lung cancer. The company has collaboration and agreement with Bayer AG; the University of Utah Research Foundation; Ohio State Innovation Foundation; Chromaderm, Inc.; and Takeda Pharmaceutical Company Limited. Recursion Pharmaceuticals, Inc. was incorporated in 2013 and is headquartered in Salt Lake City, Utah.
Full company profile →Short Interest
34.9%
9.8 days to cover
Deerfield Management RXRX Position History
Frequently Asked Questions
Does Deerfield Management own RXRX?
No. Deerfield Management exited their position in Recursion Pharmaceuticals Inc. (RXRX) in Q1 2025. They previously held the stock for 3 quarters.
How many hedge funds own RXRX?
3 specialist biotech hedge funds currently hold RXRX, including RA Capital Management, Perceptive Advisors, Casdin Capital. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Deerfield Management first buy RXRX?
Deerfield Management's position in RXRX 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 RXRX position increasing or decreasing?
Deerfield Management completely exited their RXRX position in the most recent quarter.
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