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Stonepine Capital Management, LLC
Period ended Jun 30, 2026 · Latest filing Aug 17, 2026
These quarterly holdings are delayed and may not include all assets or short positions.
Values are from the reporting date, not current prices or purchase costs.
The same security may appear in multiple rows.
Source: SEC
Reported portfolio value
Quarter-end reported holdings; not current value or investment performance.
View reported values
- Jun 30, 2026: $177,260,827
More quarters will appear as history becomes available.
Top holdings
Top 10 at Jun 30, 2026. Matching entries are combined; security classes and options remain separate. Shares exclude principal amounts; option shares reflect the reported underlying amount.
View top holdings values
- VERASTEM INC · COM NEW · 92337C203 · shares: $12,795,575
- EVOLUS INC · COM · 30052C107 · shares: $11,035,724
- TENAX THERAPEUTICS INC · COM NEW · 88032L605 · shares: $9,603,000
- NEKTAR THERAPEUTICS · COM NEW · 640268306 · shares: $8,422,856
- ADMA BIOLOGICS INC · COM · 000899104 · shares · CALL: $7,950,000
- ADMA BIOLOGICS INC · COM · 000899104 · shares: $6,193,800
- CAMP4 THERAPEUTICS CORP · COM 13469V AB 4 CAMTEK LTD NOTE 12/0 · 13463J101 · shares: $6,072,648
- INSMED INC · COM PAR $.01 · 457669307 · shares · CALL: $5,600,000
- ELOXX PHARMACEUTICALS INC · COM NEW · 29014R301 · shares: $5,512,581
- ULTRAGENYX PHARMACEUTICAL IN · COM · 90400D108 · shares · CALL: $5,500,000
Reported holdings
87 reported entries| Issuer | Class | CUSIP | Type | Shares / principal | Reported value (USD) |
|---|---|---|---|---|---|
| VERASTEM INC | COM NEW | 92337C203 | — | 3,349,627 shares | $12,795,575 |
| EVOLUS INC | COM | 30052C107 | — | 1,590,162 shares | $11,035,724 |
| TENAX THERAPEUTICS INC | COM NEW | 88032L605 | — | 660,000 shares | $9,603,000 |
| NEKTAR THERAPEUTICS | COM NEW | 640268306 | — | 120,654 shares | $8,422,856 |
| ADMA BIOLOGICS INC | COM | 000899104 | CALL | 650,000 shares | $7,950,000 |
| ADMA BIOLOGICS INC | COM | 000899104 | — | 740,000 shares | $6,193,800 |
| CAMP4 THERAPEUTICS CORP | COM 13469V AB 4 CAMTEK LTD NOTE 12/0 | 13463J101 | — | 1,389,622 shares | $6,072,648 |
| INSMED INC | COM PAR $.01 | 457669307 | CALL | 40,000 shares | $5,600,000 |
| ELOXX PHARMACEUTICALS INC | COM NEW | 29014R301 | — | 397,160 shares | $5,512,581 |
| ULTRAGENYX PHARMACEUTICAL IN | COM | 90400D108 | CALL | 200,000 shares | $5,500,000 |
| KAZIA THERAPEUTICS LTD | SPONSORED ADS | 48669G303 | — | 345,179 shares | $4,860,120 |
| MEDTRONIC PLC | SHS | G5960L103 | CALL | 50,000 shares | $4,375,000 |
| INDIVIOR PHARMACEUTICALS INC | COM | 45579U109 | — | 100,000 shares | $4,103,000 |
| CORBUS PHARMACEUTICALS HLDGS | COM NEW | 21833P301 | — | 425,000 shares | $3,986,500 |
| ABBOTT LABORATORIES | COM | 002824100 | CALL | 40,000 shares | $3,800,000 |
| SATELLOS BIOSCIENCE INC | COM | 80401L803 | — | 491,624 shares | $3,723,291 |
| ZEVRA THERAPEUTICS INC | COM NEW | 488445206 | — | 258,701 shares | $3,709,772 |
| ABEONA THERAPEUTICS INC | COM NEW | 00289Y206 | — | 557,284 shares | $3,444,015 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 | CALL | 50,000 shares | $3,250,000 |
| EDESA BIOTECH INC | COM NEW | 27966L306 | — | 456,439 shares | $3,190,807 |
| EVOLUS INC | COM | 30052C107 | CALL | 420,000 shares | $3,150,000 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 | CALL | 50,000 shares | $3,125,000 |
| CABALETTA BIO INC | COM | 12674W109 | — | 917,100 shares | $2,852,181 |
| AN2 THERAPEUTICS INC | COM | 037326105 | — | 551,692 shares | $2,670,190 |
| XILIO THERAPEUTICS INC | COM | 98422T209 | — | 225,994 shares | $2,165,023 |
| ADICET BIO INC | COM NEW | 007002207 | — | 245,518 shares | $2,121,276 |
| XERIS BIOPHARMA HOLDINGS INC | COM | 98422E103 | CALL | 280,000 shares | $2,100,000 |
| TELA BIO INC | COM | 872381108 | — | 2,662,427 shares | $1,996,820 |
| AYTU BIOPHARMA INC | COM | 054754858 | — | 912,921 shares | $1,962,780 |
| CURIS INC | COM | 231269309 | — | 3,312,185 shares | $1,729,292 |
| SPRUCE BIOSCIENCES INC | COM NEW | 85209E208 | — | 28,795 shares | $1,554,930 |
| HERON THERAPEUTICS INC | COM | 427746102 | CALL | 1,000,000 shares | $1,500,000 |
| SI BONE INC | COM | 825704109 | CALL | 100,000 shares | $1,500,000 |
| OKYO PHARMA LTD | SHS NEW | G6724L116 | — | 862,996 shares | $1,294,494 |
| NEUMORA THERAPEUTICS INC. | COM | 640979100 | CALL | 500,000 shares | $1,250,000 |
| PASITHEA THERAPEUTICS CORP | COM NEW | 70261F202 | — | 2,201,468 shares | $1,134,637 |
| SOL-GEL TECHNOLOGIES LTD | SHS NEW | M8694L137 | — | 14,469 shares | $1,072,732 |
| PULMONX CORP | COM | 745848101 | — | 815,436 shares | $1,060,067 |
| X4 PHARMACEUTICALS INC | COM NEW | 98420X202 | — | 224,989 shares | $1,050,699 |
| ARDELYX INC | COM | 039697107 | CALL | 150,000 shares | $1,050,000 |
| DELCATH SYS INC | COM NEW | 24661P807 | CALL | 100,000 shares | $1,000,000 |
| IN8BIO INC | COM NEW | 45674E208 | — | 695,287 shares | $980,355 |
| MOONLAKE IMMUNOTHERAPEUTICS | CLASS A ORD | 61559X104 | — | 50,000 shares | $973,500 |
| QUOIN PHARMACEUTICALS LTD | SPONSORED ADS | 74907L409 | — | 199,486 shares | $965,512 |
| MAXCYTE INC | COM | 57777K106 | — | 751,606 shares | $924,475 |
| PHATHOM PHARMACEUTICALS INC | COM | 71722W107 | — | 85,010 shares | $922,358 |
| AZITRA INC | COM NEW | 05479L302 | — | 5,285,476 shares | $886,903 |
| CONNECT BIOPHARMA HLDGS LTD | SHS | G23549101 | — | 364,254 shares | $866,925 |
| CYBIN INC | COM NEW | 23256X407 | — | 129,280 shares | $854,541 |
| ULTRAGENYX PHARMACEUTICAL IN | COM | 90400D108 | — | 25,000 shares | $834,750 |
| INHIBIKASE THERAPEUTICS INC | COM NEW | 45719W205 | — | 396,179 shares | $804,243 |
| ZENTALIS PHARMACEUTICALS INC | COM | 98943L107 | — | 161,583 shares | $783,678 |
| CYTOMX THERAPEUTICS INC. | COM | 23284F105 | — | 205,000 shares | $768,750 |
| MANNKIND CORP | COM NEW | 56400P706 | CALL | 250,000 shares | $750,000 |
| NUVECTIS PHARMA INC | COM | 67080T108 | — | 40,000 shares | $735,600 |
| CRESCENT BIOPHARMA INC. | COM | G2545C104 | — | 40,000 shares | $720,000 |
| PMV PHARMACEUTICALS INC | COM | 69353Y103 | — | 536,086 shares | $718,355 |
| ORUKA THERAPEUTICS INC | COM | 687604108 | — | 7,500 shares | $713,775 |
| RADIOPHARM THERANOSTICS LTD | SPONSORED ADS | 75041J101 | — | 51,000,000 shares | $670,500 |
| ONKURE THERAPEUTICS INC | COM CL A | 68277Q105 | — | 130,684 shares | $595,919 |
| NERVGEN PHARMA CORP | COM | 64082X203 | — | 271,678 shares | $559,657 |
| CALCIMEDICA INC | COM NEW | 38942Q202 | — | 622,432 shares | $544,939 |
| ARVINAS INC | COM | 04335A105 | — | 60,000 shares | $498,600 |
| BIOAGE LABS INC | COM | 09077V100 | — | 20,000 shares | $490,200 |
| OPUS GENETICS INC | COM | 67577R102 | — | 100,718 shares | $413,951 |
| QT IMAGING HLDGS INC | COM | 746962307 | — | 100,000 shares | $407,000 |
| BOUNDLESS BIO INC | COM | 10170A100 | — | 154,595 shares | $386,488 |
| SINTX TECHNOLOGIES INC | COM NEW | 829392703 | — | 209,205 shares | $332,531 |
| CELLECTAR BIOSCIENCES INC | COM NEW | 15117F880 | — | 104,550 shares | $290,649 |
| EUPRAXIA PHARMACEUTICALS INC | COM 298736 AL 3 EURONET WORLDWIDE INC NOTE 0.750% 3/1 | 29842P105 | — | 43,491 shares | $287,476 |
| SAB BIOTHERAPEUTICS INC | COM NEW | 78397T202 | — | 73,271 shares | $285,757 |
| ADLAI NORTYE LTD | SPONSORED ADS | 00704R109 | — | 24,257 shares | $278,956 |
| SENSEONICS HLDGS INC | COM | 81727U303 | — | 48,680 shares | $276,502 |
| PLIANT THERAPEUTICS INC | COM | 729139105 | — | 230,538 shares | $262,813 |
| CODEXIS INC | COM | 192005106 | — | 109,662 shares | $247,836 |
| PRECISION OPTICS CORP INC MA | COM NEW | 740294400 | — | 46,390 shares | $236,589 |
| UPSTREAM BIO INC | COM | 91678A107 | — | 33,432 shares | $231,349 |
| REIN THERAPEUTICS INC | COM NEW | 00887A204 | — | 218,038 shares | $226,760 |
| HERON THERAPEUTICS INC | COM | 427746102 | — | 490,787 shares | $209,468 |
| CNS PHARMACEUTICALS INC | COM | 18978H508 | — | 41,573 shares | $198,719 |
| HUMACYTE INC | COM | 44486Q103 | — | 231,299 shares | $180,506 |
| KALARIS THERAPEUTICS INC | COM | 482929106 | — | 30,122 shares | $122,597 |
| PROCESSA PHARMACEUTICALS INC | COM SHS | 74275C403 | — | 55,000 shares | $105,600 |
| BIOATLA INC | COM NEW | 09077B203 | — | 16,432 shares | $68,028 |
| COMPUGEN LTD | ORD | M25722105 | — | 31,387 shares | $67,168 |
| OVID THERAPEUTICS INC | COM | 690469101 | — | 21,300 shares | $57,297 |
| EVAXION AS | SPONSORED ADS | 29970R303 | — | 17,562 shares | $54,442 |