Tang Capital Management NBIX Position
Exited8-Fund ConvergenceTang Capital Management exited their position in Neurocrine Biosciences Inc. (NBIX) in Q4 2025, after holding the stock for 6 quarters.
The position was first reported in Q3 2024 and has been tracked across 6 quarterly 13F filings.
NBIX is a convergence signal: 8 specialist biotech funds hold this stock, suggesting high institutional conviction.
There is an upcoming Phase 3 readout for Valbenazine in 14 days (Apr 30, 2026), making the timing of Tang Capital's position particularly relevant.
About Neurocrine Biosciences Inc.
Neurocrine Biosciences, Inc. discovers, develops, and markets pharmaceuticals for neurological, endocrine, and psychiatric disorders. The company's portfolio includes treatments for tardive dyskinesia, Parkinson's disease, endometriosis, and uterine fibroids, as well as clinical programs in various therapeutic areas. Its lead asset is INGREZZA, a VMAT2 inhibitor for the treatment of tardive dyskinesia. The company's commercial products include ONGENTYS, a catechol-O-methyltransferase inhibitor used as an adjunct therapy to levodopa/DOPA decarboxylase inhibitors for patients with Parkinson's disease; ORILISSA for the management of moderate to severe endometriosis pain in women; and ORIAHNN, a non-surgical oral medication option for the management of heavy menstrual bleeding associated with uterine fibroids in pre-menopausal women. Its product candidates in clinical development include NBI-921352 for treating pediatric patients, as well as adult focal epilepsy indications; and NBI-827104 to treat rare pediatric epilepsy and essential tremor. The company's products in clinical development also comprise NBI-1065845 for the treatment of major depressive disorder; NBI-1065846 for treating anhedonia in major depressive disorder; and NBI-118568 for the treatment of schizophrenia. It has license and collaboration agreements with Heptares Therapeutics Limited; Takeda Pharmaceutical Company Limited; Idorsia Pharmaceuticals Ltd; Xenon Pharmaceuticals Inc.; Voyager Therapeutics, Inc.; BIAL Portela & Ca, S.A.; Mitsubishi Tanabe Pharma Corporation; and AbbVie Inc. Neurocrine Biosciences, Inc. was incorporated in 1992 and is headquartered in San Diego, California.
Full company profile →Short Interest
5.1%
3.6 days to cover
Tang Capital Management NBIX Position History
Frequently Asked Questions
Does Tang Capital Management own NBIX?
No. Tang Capital Management exited their position in Neurocrine Biosciences Inc. (NBIX) in Q4 2025. They previously held the stock for 6 quarters.
How many hedge funds own NBIX?
8 specialist biotech hedge funds currently hold NBIX, including Deerfield Management, Rock Springs Capital, RTW Investments and 5 more. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Tang Capital Management first buy NBIX?
Tang Capital Management's position in NBIX 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 Tang Capital Management's NBIX position increasing or decreasing?
Tang Capital Management completely exited their NBIX position in the most recent quarter.
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