Held by 4 specialist biotech funds
High Convergence# Signal Note: Avoro Capital Initiates $22.9M Position in GH Research **Avoro's $22.9M entry into GHRS suggests confidence in GH Research's psilocybin-assisted therapy program for treatment-resistant depression (TRD).** The biotech specialist's initiation likely reflects positive interim data expectations ahead of Phase 2b readout (anticipated late 2024/early 2025) for GH001, which would be the first psilocybin therapy to enter Phase 2b in TRD if approved.
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# Signal Note: RTW Investments Initiates $75.4M Position in GHRS RTW's new 5.9M share position suggests conviction in GH Research's clinical pipeline, likely driven by upcoming Phase 2b data for GH001 (psilocybin) in treatment-resistant depression (TRD), expected 1H 2025. The $75.4M commitment indicates confidence in the asset's competitive positioning within the psychedelic-assisted therapy space, where regulatory pathways remain de-risked following FDA breakthrough therapy designation. Watch for upcoming trial readouts and any partnership developments that could validate valuation.
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