Perceptive Advisors buys $24,270,561 stake in La Jolla Pharmaceutical Company (LJPC)

La Jolla Pharmaceutical Company (LJPC) : Perceptive Advisors scooped up 633,300 additional shares in La Jolla Pharmaceutical Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 1,332,815 shares of La Jolla Pharmaceutical Company which is valued at $24,270,561.La Jolla Pharmaceutical Company makes up approximately 1.78% of Perceptive Advisors’s portfolio.

Other Hedge Funds, Including , Teachers Advisors Inc boosted its stake in LJPC in the latest quarter, The investment management firm added 56 additional shares and now holds a total of 23,042 shares of La Jolla Pharmaceutical Company which is valued at $419,595.Blackrock Group Ltd reduced its stake in LJPC by selling 82 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 3,486 shares of LJPC which is valued at $63,480.Oxford Asset Management reduced its stake in LJPC by selling 31,162 shares or 43.55% in the most recent quarter. The Hedge Fund company now holds 40,385 shares of LJPC which is valued at $739,449. La Jolla Pharmaceutical Company makes up approx 0.03% of Oxford Asset Management’s portfolio.Advisors Asset Management boosted its stake in LJPC in the latest quarter, The investment management firm added 3,465 additional shares and now holds a total of 46,476 shares of La Jolla Pharmaceutical Company which is valued at $850,976. La Jolla Pharmaceutical Company makes up approx 0.01% of Advisors Asset Management’s portfolio.P.a.w. Capital Corp reduced its stake in LJPC by selling 4,000 shares or 7.41% in the most recent quarter. The Hedge Fund company now holds 50,000 shares of LJPC which is valued at $922,000. La Jolla Pharmaceutical Company makes up approx 1.02% of P.a.w. Capital Corp’s portfolio.

La Jolla Pharmaceutical Company opened for trading at $19.06 and hit $19.4 on the upside on Tuesday, eventually ending the session at $19.05, with a gain of 1.01% or 0.19 points. The heightened volatility saw the trading volume jump to 85,558 shares. Company has a market cap of $348 M.

Many Wall Street Analysts have commented on La Jolla Pharmaceutical Company. SunTrust Initiated La Jolla Pharmaceutical Company on Jun 22, 2016 to “Buy”, Price Target of the shares are set at $30.Lake Street Initiated La Jolla Pharmaceutical Company on May 24, 2016 to “Buy”, Price Target of the shares are set at $25.

La Jolla Pharmaceutical Company is a biopharmaceutical company. The Company is focused on the discovery development and commercialization of therapies to improve outcomes in patients suffering from life-threatening diseases. Its four product candidates in development include LJPC-501 GCS-100 LJPC-1010 and LJPC-401. LJPC-501 is its formulation of angiotensin for the treatment of catecholamine-resistant hypotension (CRH). GCS-100 is its galectin-3 inhibitor for the potential treatment of chronic kidney disease. LJPC-1010 is its galectin-3 inhibitor. LJPC-401 is its formulation of hepcidin for the potential treatment of conditions characterized by iron overload such as hemochromatosis and beta thalassemia.

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