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Cormorant Asset Management

200 Clarendon Street, 52nd Floor, Boston, MA, 02116, United States

Overview

Employee-owned hedge fund focusing on biotechnology and life sciences.

Founded

2013

Deals ยท 12mo

7

Links

WebsiteLinkedIn

Stage focus

Series A
Series B
Series C

Geographic focus

United States

Sector focus

Asset Management
Finance
Financial Services

Investment portfolio

211rounds
NAMEDATESIZE
Epicrispr
Aug 2026Participated
$90 MSeries C
Crystalys Therapeutics
Jul 2026Participated
$130 MSeries B
Terremoto Biosciences
Apr 2026Participated
$108 MSeries C
Candid Therapeutics
Mar 2026Participated
$505 MOther Equity
Parabilis Medicines
Jan 2026Participated
$305 MSeries F
BlossomHill Therapeutics
Dec 2025Participated
$84 MSeries B
Aspen Neuroscience
Nov 2025Participated
$115 MSeries C
Ensoma
Sep 2025Participated
$53 MOther Equity
Antares Therapeutics
Jun 2025Led
$177 MSeries A
Fore Biotherapeutics
May 2025Participated
$38 MSeries D
Attovia Therapeutics
Apr 2025Participated
$90 MSeries C
Supira Medical
Mar 2025Participated
$120 MSeries E
Epicrispr
Aug 2026Participated
$90 MSeries C
Crystalys Therapeutics
Jul 2026Participated
$130 MSeries B
Terremoto Biosciences
Apr 2026Participated
$108 MSeries C
Candid Therapeutics
Mar 2026Participated
$505 MOther Equity
Parabilis Medicines
Jan 2026Participated
$305 MSeries F
BlossomHill Therapeutics
Dec 2025Participated
$84 MSeries B
Aspen Neuroscience
Nov 2025Participated
$115 MSeries C
Ensoma
Sep 2025Participated
$53 MOther Equity
Antares Therapeutics
Jun 2025Led
$177 MSeries A
Fore Biotherapeutics
May 2025Participated
$38 MSeries D
Attovia Therapeutics
Apr 2025Participated
$90 MSeries C
Supira Medical
Mar 2025Participated
$120 MSeries E
211
Items
...
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Insights

Time horizon

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Deal Distribution

Cormorant Asset Management: 211 funding rounds are recorded in the selected participation categories.All available history.
Cormorant Asset Management: 211 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A1324
Series B1459
Series C+1170
Other Equity514
Debt01

Monthly Deal Activity

Cormorant Asset Management: 211 deals are recorded across 139 months.All available history.
Cormorant Asset Management: 211 deals are recorded across 139 months. All available history
MonthDeals
Apr '152
May '151
Jun '152
Jul '151
Aug '153
Sep '152
Oct '151
Nov '150
Dec '154
Jan '162
Feb '161
Mar '162
Apr '160
May '161
Jun '161
Jul '160
Aug '161
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '172
Apr '170
May '171
Jun '171
Jul '172
Aug '172
Sep '172
Oct '171
Nov '172
Dec '170
Jan '181
Feb '181
Mar '181
Apr '186
May '180
Jun '183
Jul '180
Aug '182
Sep '182
Oct '182
Nov '181
Dec '183
Jan '190
Feb '192
Mar '191
Apr '192
May '191
Jun '191
Jul '190
Aug '190
Sep '190
Oct '190
Nov '191
Dec '191
Jan '201
Feb '201
Mar '204
Apr '202
May '201
Jun '203
Jul '204
Aug '203
Sep '205
Oct '203
Nov '203
Dec '203
Jan '216
Feb '213
Mar '2110
Apr '214
May '213
Jun '214
Jul '213
Aug '211
Sep '214
Oct '211
Nov '212
Dec '211
Jan '223
Feb '225
Mar '220
Apr '221
May '222
Jun '220
Jul '220
Aug '221
Sep '221
Oct '221
Nov '221
Dec '220
Jan '231
Feb '232
Mar '233
Apr '231
May '231
Jun '231
Jul '231
Aug '233
Sep '231
Oct '232
Nov '231
Dec '230
Jan '241
Feb '244
Mar '242
Apr '240
May '245
Jun '240
Jul '243
Aug '241
Sep '241
Oct '242
Nov '240
Dec '241
Jan '252
Feb '250
Mar '253
Apr '251
May '251
Jun '251
Jul '250
Aug '250
Sep '251
Oct '250
Nov '251
Dec '251
Jan '261
Feb '260
Mar '261
Apr '261
May '260
Jun '260
Jul '261
Aug '261
Sep '260
Oct '260

Sector Breakdown

Cormorant Asset Management: Health & Life Sciences is the largest displayed sector by deal count (208 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Cormorant Asset Management: Health & Life Sciences is the largest displayed sector by deal count (208 deals). All available history
SectorDeals
Health & Life Sciences208
Manufacturing8
Consumer & Lifestyle6
Enterprise Software3
Space & Frontier Tech3
Hardware & Robotics3
Developer Tools3
Data, Analytics & IT2
AI & Machine Learning2
Food & Agriculture2
Professional Services2
Clean Energy & Sustainability1
Real Estate & Construction1
Networks, Cloud & Communication1
Social & Community Platforms1

Deal Size Distribution

Cormorant Asset Management: 211 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Cormorant Asset Management: 211 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M1
$10M-$25M14
$25M-$50M35
$50M-$100M78
$100M-$250M75
$250M-$500M7
$500M-$1B1
$1B+0

Deals By Geography

Cormorant Asset Management: United States has the largest recorded deal count among the displayed regions (192 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Cormorant Asset Management: United States has the largest recorded deal count among the displayed regions (192 deals). All available history
RegionDeals
United States192
Europe11
China7
Australia1
Cormorant Asset Management: 20 co-investors are shown, with Janus Henderson Investors sharing 44 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Cormorant Asset Management: 20 co-investors are shown, with Janus Henderson Investors sharing 44 recorded deals. All available history
Co-investorShared deals
Janus Henderson Investors44
RA Capital Management41
OrbiMed40
Surveyor Capital36
Logos Capital34
Wellington Management30
HBM Healthcare Investments26
Redmile Group25
Rock Springs Capital25
Alexandria Venture Investments24
T. Rowe Price Associates24
Casdin Capital23
venBio Partners23
Perceptive Advisors22
Fidelity Management & Research Company20
Foresite Capital20
RTW Investments20
Venrock20
Vivo Capital19
BVF Partners18

Investment Strategy

Cormorant Asset Management: Led accounts for 20% and participating for 80% of round participation.All available history.
Cormorant Asset Management: Led accounts for 20% and participating for 80% of round participation. All available history
CategoryDeals (count)Share (%)
Led4320%
Participating16880%
Cormorant Asset Management: Single-lead accounts for 42% and co-led for 58% of lead dynamics.All available history.
Cormorant Asset Management: Single-lead accounts for 42% and co-led for 58% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1842%
Co-led2558%

Team

Bihua Chen

Founder, CEO & Portfolio Manager

Edward Jay Scollins

CFO and COO

Nebojsa Obradovic

CCO