Baupost Acquires 10.7% Stake In Keryx Pharmaceuticals

Baupost Acquires 10.7% Stake In Keryx Pharmaceuticals

Baupost Group, the hedge fund headed by Seth Klarman, acquired 9,151,600 shares or a 10.7% stake in Keryx Pharmaceuticals (NASDAQ:KERX), based on its latest 13D filing with the Securities and Exchange Commission (SEC).

Keryx Pharmaceuticals (NASDAQ:KERX) is based in New York, and is focused on acquisition, development and commercialization of pharmaceutical products. The company was established in 1998.

Bonhoeffer Fund July 2022 Performance Update

Screenshot 27Bonhoeffer Fund's performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more The Bonhoeffer Fund returned 3.5% net of fees in July, for a year-to-date return of -15.8%.   Bonhoeffer Fund, LP, is a value-oriented private investment partnership for . . . SORRY! This content is exclusively for Read More

New drug application

Keryx Pharmaceuticals (NASDAQ:KERX) completed a US-based Phase 3 clinical trial of KRX-0502, an investigational, ferric citrate, oral compound that binds to phosphate. It is intended to treat hyperphosphatemia (elevated phosphate levels) in patients with chronic kidney disease (CKD) on dialysis.

The Food and Drug Administration (FDA) assigned June 7, 2014 as the Prescription Drug User Fee Act (PDUFA) goal date for Keryx Pharmaceuticals (NASDAQ:KERX) after the company submitted its new drug application (NDA). According to the company, it will soon submit its marketing authorization application (MAA) with the European