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Cormorant Asset Management

North America, Massachusetts, United States, Boston

Description

Cormorant Asset Management is an employee-owned hedge fund sponsor that provides its services to pooled investment vehicles.

Investor Profile

Cormorant Asset Management has made 235 investments, with 24 in the past 12 months and 20% as lead.

Stage Focus

  • Series B (31%)
  • Series C (23%)
  • Series A (16%)
  • Post Ipo Equity (11%)
  • Series D (9%)
  • Series Unknown (4%)
  • Series E (3%)
  • Private Equity (1%)

Country Focus

  • United States (88%)
  • China (4%)
  • Switzerland (3%)
  • Canada (1%)
  • United Kingdom (1%)
  • Denmark (1%)
  • Belgium (1%)

Industry Focus

  • Biotechnology
  • Health Care
  • Medical
  • Therapeutics
  • Pharmaceutical
  • Life Science
  • Biopharma
  • Medical Device
  • Oncology
  • Health Diagnostics
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Cormorant Asset Management frequently co-invest with?

OrbiMed
North America, New York, United States, New York
Co-Investments: 39
HBM Healthcare Investments
Europe, Zug, Switzerland, Zug
Co-Investments: 29
Wellington Management
North America, Massachusetts, United States, Boston
Co-Investments: 29
Surveyor Capital
North America, Illinois, United States, Chicago
Co-Investments: 43
Casdin Capital
North America, New York, United States, New York
Co-Investments: 26
RA Capital Management
North America, Massachusetts, United States, Boston
Co-Investments: 41
Perceptive Advisors
North America, New York, United States, New York
Co-Investments: 29
Redmile Group
North America, California, United States, San Francisco
Co-Investments: 27
Logos Capital
North America, California, United States, San Francisco
Co-Investments: 40
Janus Henderson Investors
Europe, England, United Kingdom, London
Co-Investments: 43

Which angels does Cormorant Asset Management often collaborate with?

BM
North America, New York, United States, New York
Shared Deals: 1
Shared Deals: 1
PT
North America, California, United States, San Francisco
Shared Deals: 1
AG
North America, New Jersey, United States, New Brunswick
Shared Deals: 1
TA
North America, Massachusetts, United States, Cambridge
Shared Deals: 2
BN
North America, Massachusetts, United States, Boston
Shared Deals: 1
Adrian Cheng
Asia, Hong Kong
Shared Deals: 1
JB
North America, California, United States, Palo Alto
Shared Deals: 1

What are some of recent deals done by Cormorant Asset Management?

Supira Medical

Los Gatos, California, United States

Supira Medical is a clinical-stage company that develops catheter-based circulatory support devices for patients with heart conditions.

Health CareMedicalMedical Device
Series EMar 26, 2025
Amount Raised: $120,000,000
Latigo Biotherapeutics

Thousand Oaks, California, United States

Latigo Biotherapeutics is a clinical-stage biotechnology company that develops novel, non-opioid therapies for chronic pain.

BiotechnologyHealth CareMedicalTherapeutics
Series BMar 17, 2025
Amount Raised: $150,000,000
Garuda Therapeutics

Cambridge, Massachusetts, United States

Garuda Therapeutics develops off-the-shelf hematopoietic stem cell therapies to treat severe and life-threatening diseases.

BiotechnologyHealth CareLife ScienceTherapeutics
Series AMar 4, 2025
Amount Raised: $50,000,000
Umoja Biopharma

Seattle, Washington, United States

Umoja Biopharma is a biopharmaceutical company developing next-generation immunotherapies intended to combat cancer.

BiopharmaBiotechnologyDeveloper Platform
Series CJan 14, 2025
Amount Raised: $100,000,000
Numab

Wadenswil, Zurich, Switzerland

Numab is a biotechnology company that offers antibody-based therapeutics for the treatment of severe diseases.

BiopharmaBiotechnologyHealth CareHealth DiagnosticsLife ScienceMedicalTherapeutics
Series CJan 9, 2025
Amount Raised: $54,939,501
Orbis Medicines

Frederiksberg, Hovedstaden, Denmark

Orbis Medicines is a novel macrocyclic chemistry and computational platform for oral macrocycle drug discovery.

Health CareMedicalPharmaceuticalTherapeutics
Series AJan 6, 2025
Amount Raised: $93,200,023
Kala Pharmaceuticals

Waltham, Massachusetts, United States

Kala Pharmaceuticals develops novel treatments for diseases that affect mucosal tissues.

BiotechnologyHealth CareMedicalPharmaceutical
Post Ipo EquityDec 30, 2024
Amount Raised: $10,750,000
nChroma Bio

Boston, Massachusetts, United States

nChroma Bio is a cutting-edge biotechnology business that is developing targeted in vivo delivery systems as well as best-in-class cargo.

BiotechnologyMedicalProduct Research
Series UnknownDec 11, 2024
Amount Raised: $75,000,000
Axonis Therapeutics

Boston, Massachusetts, United States

Axonis Therapeutics is a neuro-focused biotechnology company that focuses on the development of novel neuromedicines.

BiotechnologyLife ScienceMedical
Series AOct 30, 2024
Amount Raised: $115,000,000
enGene

Vancouver, British Columbia, Canada

enGene is a biotechnology company develops treatment for mucosal diseases through inducing therapeutic proteins of harmful proteins.

BiotechnologyDiabetesGeneticsHealth Care
Post Ipo EquityOct 25, 2024
Amount Raised: $43,188,771