PHGE Schedule 13G: Morgan Stanley Holds 1.85M BiomX Shares
Rhea-AI Filing Summary
Morgan Stanley and subsidiary Morgan Stanley & Co. LLC filed a Schedule 13G (event date 06/30/25, signed 08/05/25) disclosing passive ownership of 1,854,032 BiomX Inc. (PHGE) common shares (CUSIP 09090D301). The position equals 7.1 % of the outstanding class, crossing the 5 % reporting threshold. Both filers report 0 sole voting/dispositive power and shared voting & dispositive power over all shares, indicating the stake is managed collectively across Morgan Stanley reporting units. The filing is made under Rule 13d-1(b) as a qualified institutional investor; Morgan Stanley is classified as HC, CO and the broker-dealer unit as BD, CO.
The certification states the shares were acquired in the ordinary course and not to influence control. No transactions, price data, or strategic intent beyond passive ownership are provided. Nonetheless, disclosure of a large institutional holder may improve liquidity and signal market confidence in BiomX’s prospects.
Positive
- Morgan Stanley reports a 7.1 % passive ownership in PHGE, indicating heightened institutional support.
- Shared voting/dispositive structure suggests no activist intent, limiting governance disruption risk.
Negative
- None.
Insights
TL;DR – Passive 7.1 % stake; neutral-to-positive signal of institutional interest.
This 13G shows Morgan Stanley owns 1.85 M PHGE shares with shared voting/dispositive power only. Because it is a passive filing, there is no activism angle. Still, a Tier-1 institution holding >5 % can tighten the free float and legitimize the micro-cap to other funds. For now, impact on fundamentals is limited; valuation upside depends on BiomX’s clinical milestones, not this ownership disclosure.
TL;DR – Governance-neutral filing; sizeable holder may aid future capital raises.
The lack of sole voting power or control language confirms a passive stance, reducing takeover risk concerns. Having Morgan Stanley as a 7 % holder could facilitate secondary offerings by providing underwriting and distribution capacity, modestly strengthening corporate financing flexibility. No adverse governance implications noted.