OrbiMed funds linked to Diyong Xu (QTTB) acquire 1,875,000 Q32 Bio shares at $8
Rhea-AI Filing Summary
Q32 Bio Inc. director and 10% owner Diyong Xu reported indirect purchases totaling 1,875,000 shares of common stock at $8.00 per share. The shares were acquired by affiliated OrbiMed investment funds in a private placement directly from Q32 Bio, with one fund’s indirect holdings reaching 3,502,987 shares after the transactions.
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Insights
Large affiliated funds bought newly issued Q32 Bio shares in a private deal.
Affiliated OrbiMed funds associated with director and 10% owner Diyong Xu acquired a total of 1,875,000 Q32 Bio common shares at $8.00 per share. The purchases occurred in a private placement directly from the company rather than on the open market.
After one of the purchases, an OrbiMed-related holding reached 3,502,987 shares, indicating a sizable indirect position. The filing notes complex ownership through OrbiMed entities and expressly disclaims beneficial ownership beyond each party’s pecuniary interest, so the economic exposure is shared across these funds and managers.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,250,000 | $8.00 | $10.00M |
| Purchase | Common Stock | 625,000 | $8.00 | $5.00M |
Footnotes (1)
- These shares of the Issuer's common stock were purchased from the Issuer in a private placement. These securities are held of record by OrbiMed Private Investments VII, LP ("OPI VII"). OrbiMed Capital GP VII LLC ("OrbiMed GP") is the general partner of OPI VII and OrbiMed Advisors LLC ("OrbiMed Advisors") is the managing member of OrbiMed GP. By virtue of such relationships, OrbiMed GP and OrbiMed Advisors may be deemed to have voting power and investment power over the securities held by OPI VII and as a result, may be deemed to have beneficial ownership over such securities. OrbiMed Advisors exercises voting and investment power through a management committee comprised of Carl L. Gordon, Sven H. Borho, and W. Carter Neild, each of whom disclaims beneficial ownership of the shares held by OPI VII. These securities are held of record by OrbiMed Genesis Master Fund, L.P. ("Genesis"). OrbiMed Genesis GP LLC ("Genesis GP") is the general partner of Genesis and OrbiMed Advisors is the managing member of Genesis GP. By virtue of such relationships, Genesis GP and OrbiMed Advisors may be deemed to have voting power and investment power over the securities held by Genesis and as a result, may be deemed to have beneficial ownership over such securities. OrbiMed Advisors exercises voting and investment power through a management committee comprised of Carl L. Gordon, Sven H. Borho, and W. Carter Neild, each of whom disclaims beneficial ownership of the shares held by Genesis. Each of the Reporting Person, OrbiMed Advisors, OrbiMed GP, and Genesis GP disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its pecuniary interest therein, if any. This report shall not be deemed an admission that any such person or entity is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.