Held by 2 specialist biotech funds
# Signal Note: Driehaus Initiates ALXO Position Driehaus Capital's $1.6M entry into ALXO suggests conviction in the company's lead asset, ALX148 (CD47 blockade), which is in Phase 2 development for solid tumors and hematologic malignancies where CD47-mediated immune evasion represents a validated therapeutic target. The timing likely reflects anticipated clinical readouts or data presentations in 2024-2025, as CD47 inhibitors have shown early promise in combination regimens. This is a meaningful signal given Driehaus's established biotech expertise, though position size remains modest relative to fund AUM.