Driehaus Capital RLAY Position
Exited13-Fund ConvergenceDriehaus Capital exited their position in Relay Therapeutics Inc. (RLAY) in Q3 2024, after holding the stock for 7 quarters.
The position was first reported in Q1 2023 and has been tracked across 7 quarterly 13F filings.
RLAY is a convergence signal: 13 specialist biotech funds hold this stock, suggesting high institutional conviction.
There is an upcoming Phase 3 readout for RLY-2608 in 747 days (Apr 30, 2028), making the timing of Driehaus's position particularly relevant.
Short interest stands at 13.4% of float with 7.6 days to cover, indicating significant bearish positioning against the stock.
About Relay Therapeutics Inc.
Relay Therapeutics, Inc. operates as a clinical-stage precision medicines company. It engages in transforming the drug discovery process with an initial focus on enhancing small molecule therapeutic discovery in targeted oncology and genetic disease indications. The company's lead product candidates include RLY-4008, an oral small molecule inhibitor of fibroblast growth factor receptor 2 (FGFR2), which is in a first-in-human clinical trial for patients with advanced or metastatic FGFR2-altered solid tumors; RLY-2608, a lead mutant-PI3Ka inhibitor program that targets phosphoinostide 3 kinase alpha; and RLY-1971, an oral small molecule inhibitor of protein tyrosine phosphatase Src homology region 2 domain-containing phosphatase-2 that is in Phase 1 trial in patients with advanced solid tumors. It has collaboration and license agreements with D. E. Shaw Research, LLC to research certain biological targets through the use of D. E. Shaw Research computational modeling capabilities focused on analysis of protein motion to develop and commercialize compounds and products directed to such targets; and Genentech, Inc. for the development and commercialization of RLY-1971. The company was formerly known as Allostery, Inc. and changed its name to Relay Therapeutics, Inc. in December 2015. Relay Therapeutics, Inc. was incorporated in 2015 and is headquartered in Cambridge, Massachusetts.
Full company profile →Short Interest
13.4%
7.6 days to cover
Driehaus Capital RLAY Position History
Frequently Asked Questions
Does Driehaus Capital own RLAY?
No. Driehaus Capital exited their position in Relay Therapeutics Inc. (RLAY) in Q3 2024. They previously held the stock for 7 quarters.
How many hedge funds own RLAY?
13 specialist biotech hedge funds currently hold RLAY, including Foresite Capital, Commodore Capital, Casdin Capital and 10 more. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Driehaus Capital first buy RLAY?
Driehaus Capital's position in RLAY was first reported in Q1 2023. 13F filings are reported with a 45-day delay, so the actual purchase may have occurred earlier in the quarter.
Is Driehaus Capital's RLAY position increasing or decreasing?
Driehaus Capital completely exited their RLAY position in the most recent quarter.
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