HOWL - Werewolf Therapeutics jumps ~10% after RA Capital ups stake says may engage in talks
- Healthcare and life sciences focused investment management firm RA Capital along with its managing partners Peter Kolchinsky and Rajeev Shah have raised their active stake in cancer-focused biopharma Werewolf Therapeutics ( NASDAQ: HOWL ).
- RA Capital Management, Peter Kolchinsky and Rajeev Shah (the reporting persons) increased their stake to 17.96% from 14.57% previously, a filing with the U.S. Securities and Exchange Commission (SEC) on Tuesday showed.
- The filing also said the reporting persons could engage in talks with HOWL to discuss strategic alternatives such as potential business combinations.
- Shares of HOWL jumped 10.3% to $2.46 after hours.
- RA Capital invests in several biotech and healthcare firms with around 100 companies in its portfolio.
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Werewolf Therapeutics jumps ~10% after RA Capital ups stake, says may engage in talks