Stonepine Capital Management, LLC Q4 2025 Filing
Filed February 13, 2026
Portfolio Value
$137.0M
Holdings
64
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (64 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | VSTMVERASTEM INC | 2,732,079 | $21.1M | 15.40% | |
| 2 | ADMAADMA BIOLOGICS INC | 740,000 | $13.5M | 9.85% | |
| 3 | EOLSEVOLUS INC | 1,631,588 | $10.8M | 7.92% | |
| 4 | NKTRNEKTAR THERAPEUTICS | 135,000 | $5.7M | 4.17% | Call |
| 5 | ZVRAZEVRA THERAPEUTICS INC | 569,088 | $5.1M | 3.72% | |
| 6 | IKTINHIBIKASE THERAPEUTICS INC | 2,348,147 | $4.8M | 3.51% | |
| 7 | ABEOABEONA THERAPEUTICS INC | 909,505 | $4.8M | 3.50% | Call |
| 8 | —INDIVIOR PLC | 100,000 | $3.6M | 2.62% | |
| 9 | CRBPCORBUS PHARMACEUTICALS HLDGS | 389,916 | $3.2M | 2.32% | |
| 10 | KZIAKAZIA THERAPEUTICS LTD | 460,359 | $3.2M | 2.32% | |
| 11 | XOMAXOMA ROYALTY CORPORATION | 115,000 | $3.1M | 2.23% | |
| 12 | VRCAVERRICA PHARMACEUTICALS INC | 353,669 | $2.9M | 2.14% | |
| 13 | HELPCYBIN INC | 339,902 | $2.8M | 2.03% | |
| 14 | TELATELA BIO INC | 2,352,032 | $2.8M | 2.03% | |
| 15 | ACADACADIA PHARMACEUTICALS INC | 100,000 | $2.7M | 1.95% | |
| 16 | CRSPCRISPR THERAPEUTICS AG | 50,000 | $2.6M | 1.91% | Call |
| 17 | SRZNSURROZEN INC | 113,631 | $2.6M | 1.87% | |
| 18 | AREALEXANDRIA REAL ESTATE EQ IN | 50,000 | $2.4M | 1.79% | Call |
| 19 | XFORX4 PHARMACEUTICALS INC | 593,573 | $2.4M | 1.73% | |
| 20 | RAREULTRAGENYX PHARMACEUTICAL IN | 100,000 | $2.3M | 1.68% | Call |
| 21 | AYTUAYTU BIOPHARMA INC | 813,704 | $2.1M | 1.54% | |
| 22 | DAWNDAY ONE BIOPHARMACEUTICALS I | 200,000 | $1.9M | 1.36% | |
| 23 | ACETADICET BIO INC | 220,011 | $1.9M | 1.35% | |
| 24 | SPRBSPRUCE BIOSCIENCES INC | 19,742 | $1.7M | 1.26% | |
| 25 | HRTXHERON THERAPEUTICS INC | 1,237,802 | $1.6M | 1.17% | |
| 26 | ENTAENANTA PHARMACEUTICALS INC | 100,000 | $1.6M | 1.15% | |
| 27 | PMVPPMV PHARMACEUTICALS INC | 1,150,759 | $1.4M | 1.05% | |
| 28 | CAMPCAMP4 THERAPEUTICS CORP | 228,894 | $1.4M | 1.02% | |
| 29 | ELDNELEDON PHARMACEUTICALS INC | 893,100 | $1.3M | 0.98% | |
| 30 | MISTMILESTONE PHARMACEUTICALS IN | 662,666 | $1.3M | 0.98% | |
| 31 | OABIOMNIAB INC | 701,000 | $1.3M | 0.95% | |
| 32 | QNRXQUOIN PHARMACEUTICALS LTD | 78,189 | $1.1M | 0.82% | |
| 33 | LUNGPULMONX CORP | 486,400 | $1.1M | 0.78% | |
| 34 | GONGERON CORP | 805,800 | $1.1M | 0.78% | |
| 35 | CBIOCRESCENT BIOPHARMA INC. | 87,682 | $1.0M | 0.76% | |
| 36 | KZRKEZAR LIFE SCIENCES INC | 156,179 | $982K | 0.72% | |
| 37 | EDSAEDESA BIOTECH INC | 687,500 | $976K | 0.71% | |
| 38 | BOLDBOUNDLESS BIO INC | 710,071 | $852K | 0.62% | |
| 39 | RADXRADIOPHARM THERANOSTICS LTD | 51,000,000 | $850K | 0.62% | |
| 40 | SMLRSEMLER SCIENTIFIC INC | 50,000 | $764K | 0.56% | |
| 41 | MXCTGBXMAXCYTE INC | 469,018 | $726K | 0.53% | |
| 42 | ANTXAN2 THERAPEUTICS INC | 627,668 | $715K | 0.52% | |
| 43 | GOSSGOSSAMER BIO INC | 204,770 | $634K | 0.46% | |
| 44 | ZNTLZENTALIS PHARMACEUTICALS INC | 463,700 | $625K | 0.46% | |
| 45 | BIOABIOAGE LABS INC | 45,000 | $595K | 0.43% | |
| 46 | MNKDMANNKIND CORP | 86,359 | $489K | 0.36% | |
| 47 | CGENCOMPUGEN LTD | 305,400 | $467K | 0.34% | |
| 48 | CDXSCODEXIS INC | 256,106 | $417K | 0.30% | |
| 49 | INABIN8BIO INC | 164,893 | $385K | 0.28% | |
| 50 | FRXFENNEC PHARMACEUTICALS INC | 50,000 | $385K | 0.28% | |
| 51 | CABACABALETTA BIO INC | 171,100 | $374K | 0.27% | |
| 52 | KTTAPASITHEA THERAPEUTICS CORP | 275,062 | $354K | 0.26% | |
| 53 | PLRXPLIANT THERAPEUTICS INC | 230,050 | $280K | 0.20% | |
| 54 | JANXJANUX THERAPEUTICS INC | 20,000 | $276K | 0.20% | |
| 55 | DCTHDELCATH SYS INC | 27,232 | $275K | 0.20% | |
| 56 | KPRXKIORA PHARMACEUTICALS INC | 131,144 | $258K | 0.19% | |
| 57 | CNSPCNS PHARMACEUTICALS INC | 48,827 | $256K | 0.19% | |
| 58 | TNYATENAYA THERAPEUTICS INC | 352,001 | $250K | 0.18% | |
| 59 | OVIDOVID THERAPEUTICS INC | 102,367 | $166K | 0.12% | |
| 60 | TENXTENAX THERAPEUTICS INC | 11,884 | $144K | 0.11% | |
| 61 | EVAXEVAXION AS | 20,000 | $95K | 0.07% | |
| 62 | XLOXILIO THERAPEUTICS INC | 126,270 | $80K | 0.06% | |
| 63 | CRISCURIS INC | 59,349 | $58K | 0.04% | |
| 64 | PCSAPROCESSA PHARMACEUTICALS INC | 12,323 | $35K | 0.03% |