Rtw Investments buys $21,417,619 stake in La Jolla Pharmaceutical Company (LJPC)

La Jolla Pharmaceutical Company (LJPC) : Rtw Investments scooped up 7,081 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 15, 2016. The investment management firm now holds a total of 1,176,146 shares of La Jolla Pharmaceutical Company which is valued at $21,417,619.La Jolla Pharmaceutical Company makes up approximately 6.55% of Rtw Investments’s portfolio.

Other Hedge Funds, Including , Springbok Capital Management added LJPC to its portfolio by purchasing 3,040 company shares during the most recent quarter which is valued at $55,358. La Jolla Pharmaceutical Company makes up approx 0.01% of Springbok Capital Management’s portfolio.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.Blackrock Advisors boosted its stake in LJPC in the latest quarter, The investment management firm added 192 additional shares and now holds a total of 6,693 shares of La Jolla Pharmaceutical Company which is valued at $121,880.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.Simplex Trading reduced its stake in LJPC by selling 8,741 shares or 85.21% in the most recent quarter. The Hedge Fund company now holds 1,517 shares of LJPC which is valued at $25,106.

La Jolla Pharmaceutical Company opened for trading at $16.33 and hit $16.56 on the upside on Thursday, eventually ending the session at $16.48, with a gain of 0.80% or 0.13 points. The heightened volatility saw the trading volume jump to 40,768 shares. Company has a market cap of $301 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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