Tang Capital Management PGEN Position
ExitedTang Capital Management exited their position in Precigen Inc. (PGEN) in Q4 2024, after holding the stock for 2 quarters.
The position was first reported in Q3 2024 and has been tracked across 2 quarterly 13F filings.
1 other tracked fund also holds PGEN.
There is an upcoming Phase 2 readout for PRGN-2009 plus Pembrolizumab in 654 days (Jan 30, 2028), making the timing of Tang Capital's position particularly relevant.
Short interest stands at 17.4% of float with 8.3 days to cover, indicating significant bearish positioning against the stock.
About Precigen Inc.
Precigen, Inc. discovers and develops the next generation of gene and cellular therapies in the United States. It also provides disease-modifying therapeutics; genetically engineered swine for regenerative medicine applications; and reproductive and embryo transfer technologies. In addition, the company offers UltraVector platform that incorporates advanced DNA construction technologies and computational models to design and assemble genetic components into complex gene expression programs; mbIL15, a gene that enhances functional characteristics of immune cells; Sleeping Beauty, a non-viral transposon/transposase system; AttSite recombinases, which breaks and rejoins DNA at specific sequences; AdenoVerse technology platform, a library of engineered adenovector serotypes; and L. lactis is a food-grade bacterium. Additionally, it provides RheoSwitch, an inducible gene switch system that provides quantitative dose-proportionate regulation of the amount and timing of target protein expression; kill switches to selectively eliminate cell therapies in vivo; tissue-specific promoters; UltraCAR-T platform for the treatment of cancer; AdenoVerse Immunotherapy, a library of proprietary adenovectors for the gene delivery; and ActoBiotics platform, genetically modified bacteria that deliver proteins and peptides at mucosal sites. Precigen, Inc. has collaboration and license agreements with Alaunos Therapeutics, Inc.; Ares Trading S.A.; Oragenics, Inc.; Castle Creek Biosciences, Inc.; Intrexon Energy Partners, LLC; and Intrexon Energy Partners II, LLC. The company was formerly known as Intrexon Corporation and changed its name to Precigen, Inc. in January 2020. Precigen, Inc. was founded in 1998 and is based in Germantown, Maryland.
Full company profile →Short Interest
17.4%
8.3 days to cover
Tang Capital Management PGEN Position History
Frequently Asked Questions
Does Tang Capital Management own PGEN?
No. Tang Capital Management exited their position in Precigen Inc. (PGEN) in Q4 2024. They previously held the stock for 2 quarters.
How many hedge funds own PGEN?
1 specialist biotech hedge fund currently holds PGEN, including Driehaus Capital. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Tang Capital Management first buy PGEN?
Tang Capital Management's position in PGEN 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 PGEN position increasing or decreasing?
Tang Capital Management completely exited their PGEN position in the most recent quarter.
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