STOCK TITAN

Deerfield’s 9.99% BiomX (PHGE) stake and board resignation detail

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Deerfield-managed funds have updated their ownership and governance relationship with BiomX Inc. In this Schedule 13D amendment, Deerfield Private Design Fund V, Deerfield Healthcare Innovations Fund II and related management entities report beneficial ownership of 989,056 shares of BiomX common stock, representing 9.99% of the outstanding shares based on 1,593,516 shares outstanding as of February 3, 2026.

The position includes common shares, shares issuable upon conversion of Series X Preferred Stock and shares underlying currently exercisable warrants, all subject to a 9.99% “Beneficial Ownership Limitation” that caps how many shares can be held after conversion or exercise. The filing also notes that Jonathan Leff, a partner of Deerfield Management, resigned from BiomX’s board of directors effective February 9, 2026. The reporting persons state that no transactions in BiomX common stock were effected during the past 60 days.

Positive

  • None.

Negative

  • None.

Insights

Deerfield affirms a capped 9.99% BiomX stake and a board exit.

The amendment shows Deerfield-affiliated funds beneficially owning 989,056 BiomX shares, or 9.99% of the common stock, including shares tied to Series X Preferred Stock, warrants and options. This positions Deerfield as a significant but sub-10% holder under U.S. reporting thresholds.

A key structural feature is the 9.99% Beneficial Ownership Limitation, which restricts conversions and warrant exercises so Deerfield’s group cannot exceed that ownership level based on outstanding shares as of February 3, 2026. This can temper potential near-term ownership increases from preferred or warrant exercises.

The filing also records the resignation of Jonathan Leff, a Deerfield partner, from BiomX’s board effective February 9, 2026. The amendment does not describe any related share sales, and it explicitly states that no reporting person traded BiomX common stock in the prior 60 days.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
The number of shares of Common Stock beneficially owned by the Reporting Person consists of (i) 65,635 shares of Common Stock, (ii) an aggregate of 252,406 shares of Common Stock issuable upon conversion of 47,957 shares of Series X Preferred Stock (subject to the Beneficial Ownership Limitation (as defined below)) and (iii) an aggregate of 176,226 shares of Common Stock underlying warrants that are currently exercisable (subject to the Beneficial Ownership Limitation). The terms of the Series X Preferred Stock and provisions of the warrants restrict the conversion of such shares or the exercise of such warrants, as applicable, to the extent that, upon such conversion or exercise, the number of shares of Common Stock then beneficially owned by the holder and its affiliates and any other person or entities with which such holder would constitute a Section 13(d) "group" would exceed 9.99% of the total number of shares of Common Stock then outstanding (the "Beneficial Ownership Limitation"). Accordingly, notwithstanding the number of shares reported, the reporting person disclaims beneficial ownership of the shares of Common Stock issuable upon conversion of Series X Preferred Stock and the exercise of such warrants to the extent that upon such conversion or exercise the number of shares beneficially owned by all reporting persons hereunder, in the aggregate, would exceed the Beneficial Ownership Limitation.


SCHEDULE 13D




Comment for Type of Reporting Person:
Comprised of shares of Common Stock held by, and shares of Common Stock issuable upon exercise of warrants or that will become issuable upon conversion of shares of Series X Preferred Stock held by, Deerfield Private Design Fund V, L.P. See Footnote 1.


SCHEDULE 13D




Comment for Type of Reporting Person:
The number of shares of Common Stock beneficially owned by the Reporting Person consists of (i) 65,635 shares of Common Stock, (ii) an aggregate of 252,406 shares of Common Stock issuable upon conversion of 47,957 shares of Series X Preferred Stock (subject to the Beneficial Ownership Limitation (as defined below)) and (iii) an aggregate of 176,226 shares of Common Stock underlying warrants that are currently exercisable (subject to the Beneficial Ownership Limitation). The terms of the Series X Preferred Stock and provisions of the warrants restrict the conversion of such shares or the exercise of such warrants, as applicable, to the extent that, upon such conversion or exercise, the number of shares of Common Stock then beneficially owned by the holder and its affiliates and any other person or entities with which such holder would constitute a Section 13(d) "group" would exceed 9.99% of the total number of shares of Common Stock then outstanding (the "Beneficial Ownership Limitation"). Accordingly, notwithstanding the number of shares reported, the reporting person disclaims beneficial ownership of the shares of Common Stock issuable upon conversion of Series X Preferred Stock and the exercise of such warrants to the extent that upon such conversion or exercise the number of shares beneficially owned by all reporting persons hereunder, in the aggregate, would exceed the Beneficial Ownership Limitation.


SCHEDULE 13D




Comment for Type of Reporting Person:
Comprised of shares of Common Stock held by, and shares of Common Stock issuable upon exercise of warrants or that will become issuable upon conversion of shares of Series X Preferred Stock held by, Deerfield Healthcare Innovations Fund II, L.P. See Footnote 3.


SCHEDULE 13D




Comment for Type of Reporting Person:
Comprised of (i) shares of Common Stock held by, and shares of Common Stock issuable upon exercise of warrants or that will become issuable upon conversion of shares of Series X Preferred Stock held by, Deerfield Private Design Fund V, L.P. and Deerfield Healthcare Innovations Fund II, L.P (see Footnotes 1 and 3); and (ii) 522 shares of Common Stock issuable upon exercise of options held by Jonathan Leff for the benefit, and at the direction, of Deerfield Management Company, L.P.


SCHEDULE 13D




Comment for Type of Reporting Person:
Comprised of (i) shares of Common Stock held by, and shares of Common Stock issuable upon exercise of warrants or that will become issuable upon conversion of shares of Series X Preferred Stock held by, Deerfield Private Design Fund V, L.P. and Deerfield Healthcare Innovations Fund II, L.P (see Footnotes 1 and 3); and (ii) 522 shares of Common Stock issuable upon exercise of options held by Jonathan Leff for the benefit, and at the direction, of Deerfield Management Company, L.P.


SCHEDULE 13D


Deerfield Private Design Fund V, L.P.
Signature:/s/ Jonathan Isler
Name/Title:Jonathan Isler, Attorney-in-Fact
Date:02/11/2026
Deerfield Mgmt V, L.P.
Signature:/s/ Jonathan Isler
Name/Title:Jonathan Isler, Attorney-in-Fact
Date:02/11/2026
Deerfield Healthcare Innovations Fund II, L.P.
Signature:/s/ Jonathan Isler
Name/Title:Jonathan Isler, Attorney-in-Fact
Date:02/11/2026
Deerfield Mgmt HIF II, L.P.
Signature:/s/ Jonathan Isler
Name/Title:Jonathan Isler, Attorney-in-Fact
Date:02/11/2026
Deerfield Management Company, L.P.
Signature:/s/ Jonathan Isler
Name/Title:Jonathan Isler, Attorney-in-Fact
Date:02/11/2026
James E. Flynn
Signature:/s/ Jonathan Isler
Name/Title:Jonathan Isler, Attorney-in-Fact
Date:02/11/2026

FAQ

What size stake in BiomX (PHGE) does Deerfield report in this amendment?

Deerfield-affiliated entities report beneficial ownership of 989,056 shares of BiomX common stock, equal to 9.99% of outstanding shares. This percentage is calculated using 1,593,516 shares outstanding as of February 3, 2026, and includes preferred, warrant and option-linked shares.

Which Deerfield funds are included as reporting persons for BiomX (PHGE)?

The amendment lists Deerfield Private Design Fund V, L.P., Deerfield Healthcare Innovations Fund II, L.P., their general partners, Deerfield Management Company, L.P., and James E. Flynn as reporting persons. Together they report shared voting and dispositive power over the disclosed BiomX shares.

What is the 9.99% Beneficial Ownership Limitation mentioned for BiomX (PHGE)?

The filing describes a 9.99% Beneficial Ownership Limitation that restricts conversion of Series X Preferred Stock and exercise of warrants. These instruments cannot be converted or exercised if doing so would cause the holder’s group to own more than 9.99% of BiomX common stock outstanding.

Did Deerfield report any recent trading in BiomX (PHGE) shares?

No. The amendment explicitly states that no reporting person has effected any transactions in BiomX common stock during the past 60 days. The ownership update reflects existing common, preferred, warrant and option positions rather than newly executed market trades.

What governance change at BiomX (PHGE) is disclosed in this Schedule 13D amendment?

The filing notes that Jonathan Leff, a partner of Deerfield Management, resigned from BiomX’s board of directors effective February 9, 2026. The amendment updates the purpose-of-transaction section to reflect this change in board representation linked to Deerfield.

How is Deerfield Management’s 9.99% BiomX (PHGE) stake constructed?

Deerfield Management’s reported 989,056 shares comprise common stock, shares underlying Series X Preferred Stock, and shares underlying warrants held by the Deerfield funds, plus 522 shares issuable upon exercise of options held by Jonathan Leff for Deerfield Management’s benefit.
Biomx Inc

NYSE:PHGE

PHGE Rankings

PHGE Latest News

PHGE Latest SEC Filings

PHGE Stock Data

9.77M
1.22M
18.81%
44.48%
1.89%
Biotechnology
Biological Products, (no Diagnostic Substances)
Link
Israel
NESS ZIONA