BB Biotech Q3 2026 Interim Report — Now available

BB Biotech Q3 2026 Interim Report — Now available

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43 positions, updated 30 September 2026

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Company
Ticker
Sector
Weight
Alnylam Pharmaceuticals
ALNY
Cardiometabolic Diseases
1.6%
Company LocationUSA
Size in % of Securities1.6%
Size of Stake in Company0.2%
Market Capitalization33 Mrd.
Sector: Cardiometabolic DiseasesMain candidate: NucresiranMain indications: ATTR amyloidosis, including ATTR cardiomyopathy (ATTR-CM) and hereditary ATTR polyneuropathy (hATTR-PN)

About the company

Alnylam Pharmaceuticals is a global biopharmaceutical company pioneering RNA interference (RNAi) therapeutics to silence disease-causing genes. Headquartered in Cambridge, Massachusetts (USA), the company has established a commercial portfolio in transthyretin amyloidosis and rare genetic diseases while expanding RNAi into cardiovascular, neurological, metabolic and hematological indications. Its lead pipeline candidate, nucresiran, is a next-generation TTR-silencing RNAi therapeutic in Phase III development for ATTR cardiomyopathy and hereditary ATTR polyneuropathy. The pipeline also includes zilebesiran for hypertension, mivelsiran for cerebral amyloid angiopathy and Alzheimer’s disease, and additional tissue-targeted RNAi programs.

Further information about the company

Alto Neuroscience
ANRO
Neurology & Psychiatry
0.8%
Company LocationUSA
Size in % of Securities0.8%
Size of Stake in Company3.0%
Market Capitalization1 Mrd.
Sector: Neurology & PsychiatryMain candidate: ALTO-207Main indications: Treatment-resistant depression (TRD)

About the company

Alto Neuroscience ist ein klinisches Biopharmaunternehmen, das Präzisionsmedikamente für neuropsychiatrische Erkrankungen entwickelt. Das Unternehmen hat seinen Hauptsitz in Mountain View, Kalifornien (USA), und nutzt Biomarker sowie Ansätze zur Patientenselektion, um diejenigen Patienten zu identifizieren, die mit höherer Wahrscheinlichkeit von einer bestimmten Therapie profitieren. Das derzeit führende Programm ALTO-207 ist ein D3/D2- und 5-HT3-Modulator in Phase IIb zur Behandlung therapieresistenter Depressionen. Die Pipeline umfasst ausserdem ALTO-300 bei Major Depression, ALTO-100 bei bipolarer Depression, ALTO-101 für kognitive Störungen sowie weitere Programme der Präzisionspsychiatrie.

Further information about the company

Amgen
AMGN
Diversified
9.4%
Company LocationUSA
Size in % of Securities9.4%
Size of Stake in Company0.2%
Market Capitalization228 Mrd.
Sector: DiversifiedMain candidate: Tezspire 

About the company

Amgen Inc. is one of the world’s leading biotechnology companies, developing innovative therapies across multiple disease areas. Headquartered in Thousand Oaks, California (USA), the company has extensive expertise in biologics and protein-based therapeutics.Its portfolio includes medicines in oncology, cardiovascular, and inflammatory diseases. The pipeline includes a broad range of early- and late-stage programs, including biologics, bispecific antibodies, and other advanced therapeutic modalities.

Further information about the company

Argenx SE
ARGX
Inflammation & Immunology
7.4%
Company LocationNetherlands 
Size in % of Securities7.4%
Size of Stake in Company0.5%
Market Capitalization60 Mrd.
Sector: Inflammation & ImmunologyMain candidate: Vyvgart and Vyvgart Hytrulo Main indications: Myasthenia gravis

About the company

Argenx is a biotechnology company focused on discovery and development of targeted antibodies through its multiple antibody technology platform. The company is headquartered in Belgium with operations in US and Japan. The company´s lead product Vyvgart (also known as Efgartimod) is marketed for treating generalized Myasthenia gravis. Efgartigimod has the potential to address multiple autoimmune diseases driven by pathological immunoglobulin G. Argenx has several other product candidates in clinical development and can be considered an antibody platform company targeting novel scientific pathways in disease areas with high unmet medical needs.

Further information about the company

Aura Biosciences
AURA
Solid Tumors
0.2%
Company LocationUSA
Size in % of Securities0.2%
Size of Stake in Company1.4%
Market Capitalization650 Mio.
Sector: Solid TumorsMain candidate: Bel-sar (AU-011)Main indications: Early choroidal melanoma

About the company

Aura Biosciences, Inc. is an oncology company developing precision therapies designed to preserve organ function in solid tumors. Headquartered in Boston, Massachusetts (USA), the company is leveraging its virus-like drug conjugate platform to create targeted cancer treatments with an initial focus on ocular and urologic oncology. Its lead candidate, bel-sar (AU-011), is being developed primarily for early choroidal melanoma. The pipeline also includes development in non-muscle invasive bladder cancer and other ocular oncology programs.

Further information about the company

Avalyn Pharma
AVLN
Inflammation & Immunology
1.0%
Company LocationUSA
Size in % of Securities1.0%
Size of Stake in Company3.0%
Market Capitalization1.3 Mrd.
Sector: Inflammation & ImmunologyMain candidate: AP01Main indications: Idiopathic pulmonary fibrosis and other progressive fibrosing interstitial lung diseases

About the company

Avalyn Pharma Inc. is a clinical-stage biopharmaceutical company focused on inhaled therapies for serious, rare respiratory diseases. Headquartered in Boston, Massachusetts (USA), the company is developing a pipeline designed to improve the benefit-risk profile of established pulmonary fibrosis medicines through direct lung delivery. Its lead candidate, AP01, is an inhaled pirfenidone program for pulmonary fibrosis. The pipeline also includes AP02, an inhaled nintedanib program, and AP03, a preclinical fixed-dose inhaled combination of pirfenidone and nintedanib.

Further information about the company

Axsome Therapeutics
AXSM
Neurology & Psychiatry
1.2%
Company LocationUSA
Size in % of Securities1.2%
Size of Stake in Company0.5%
Market Capitalization9.7 Mrd.
Sector: Neurology & PsychiatryMain candidate: AXS-05Main indications: Agitation bei Alzheimer-Demenz

About the company

Axsome Therapeutics is a commercial-stage biopharmaceutical company focused on developing and commercializing innovative therapies for central nervous system (CNS) disorders with significant unmet medical needs. Headquartered in New York City, New York (USA), the company has built a neuroscience portfolio spanning depression, Alzheimer’s disease agitation, migraine, narcolepsy, excessive daytime sleepiness and fibromyalgia. Its lead development candidate, AXS-05, is an oral NMDA receptor antagonist with multimodal activity being developed for Alzheimer’s disease agitation and smoking cessation. The pipeline also includes AXS-12 (reboxetine), a Phase III candidate for narcolepsy, and AXS-14 (esreboxetine) for fibromyalgia, which is being prepared for an NDA submission. Axsome also markets the CNS products Auvelity, Sunosi and Symbravo.

Further information about the company

Bicara Therapeutics
BCAX
Solid Tumors
0.4%
Company LocationUSA
Size in % of Securities0.4%
Size of Stake in Company1.1%
Market Capitalization1.2 Mrd.
Sector: Solid TumorsMain candidate: Ficerafusp alfaMain indications: HPV-negative recurrent or metastatic head and neck squamous cell carcinoma (HNSCC)

About the company

Bicara Therapeutics is a clinical-stage biopharmaceutical company developing bifunctional therapies for solid tumors. Headquartered in Boston, Massachusetts (USA), the company is focused on simultaneously targeting tumor cells and the immunosuppressive tumor microenvironment. Its lead candidate, ficerafusp alfa, combines an EGFR-directed monoclonal antibody with a TGF-β ligand trap and is in Phase III development for first-line HPV-negative recurrent or metastatic head and neck squamous cell carcinoma. The broader development program is also evaluating ficerafusp alfa in additional head and neck cancer populations and other solid tumors, including colorectal cancer.

Further information about the company

Biogen
BIIB
Neurology & Psychiatry
3.6%
Company LocationUSA
Size in % of Securities3.6%
Size of Stake in Company0.4%
Market Capitalization33.4 Mrd.
Sector: Neurology & PsychiatryMain candidate: LitifilimabMain indications: Systemic lupus erythematosus (SLE) and cutaneous lupus erythematosus (CLE)

About the company

Biogen is a global biotechnology company focused on developing and commercializing therapies for serious neurological, immunological and rare diseases. Headquartered in Cambridge, Massachusetts (USA), the company combines an established commercial portfolio in multiple sclerosis, spinal muscular atrophy, Alzheimer’s disease and rare diseases with a broad late-stage pipeline. Key development candidates include litifilimab, an anti-BDCA2 antibody in Phase III development for systemic and cutaneous lupus, zorevunersen for Dravet syndrome, felzartamab for immune-mediated kidney diseases and salanersen for spinal muscular atrophy. The pipeline also includes earlier-stage programs across neurology and immunology.

Further information about the company

BridgeBio Pharma
BBIO
Cardiometabolic Diseases
2.1%
Company LocationUSA
Size in % of Securities2.1%
Size of Stake in Company0.6%
Market Capitalization12.9 Mrd.
Sector: Cardiometabolic DiseasesMain candidate: Acoramidis (Attruby)Main indications: Transthyretin amyloid cardiomyopathy (ATTR-CM)

About the company

BridgeBio Pharma, Inc. is a biotechnology company focused on discovering and developing transformative medicines for rare diseases. Headquartered in Palo Alto, California (USA), the company spans commercial and clinical-stage programs across multiple rare disease areas. Its lead driver of revenue, acoramidis (Attruby), is a transthyretin stabilizer for transthyretin amyloid cardiomyopathy. The pipeline also includes BBP-418 for LGMD2I/R9, encaleret for autosomal dominant hypocalcemia type 1, infigratinib for achondroplasia, and other precision medicine programs.

Further information about the company

CG Oncology
CGON
Solid Tumors
0.9%
Company LocationUSA
Size in % of Securities0.9%
Size of Stake in Company0.6%
Market Capitalization6.3 Mrd.
Sector: Solid TumorsMain candidate: Cretostimogene grenadenorepvecMain indications: Non-muscle invasive bladder cancer (NMIBC), including high-risk disease after BCG failure

About the company

CG Oncology, Inc. is a late-stage clinical biopharmaceutical company focused on bladder cancer and bladder-sparing immunotherapy. Headquartered in Dallas, Texas (USA), the company is developing a potential backbone therapy for non-muscle invasive bladder cancer. Its lead candidate, cretostimogene grenadenorepvec, is an oncolytic immunotherapy designed for bladder-sparing treatment of high-risk non-muscle invasive bladder cancer. The pipeline is centered on this candidate across multiple monotherapy and combination studies, with development expanding into additional bladder cancer settings.

Further information about the company

Disc Medicine
IRON
Hematology
1.0%
Company LocationUSA
Size in % of Securities1.0%
Size of Stake in Company1.5%
Market Capitalization2.5 Mrd.
Sector: HematologyMain candidate: BitopertinMain indications: Erythropoietic protoporphyria (EPP)

About the company

Disc Medicine, Inc. is a clinical-stage biotechnology company focused on developing therapies for hematologic diseases, particularly those related to iron homeostasis and erythropoiesis. Headquartered in Watertown, Massachusetts (USA), the company targets rare blood disorders.Its pipeline includes multiple candidates targeting key regulators such as hepcidin to treat disorders of iron metabolism.

Further information about the company

Enliven Therapeutics
ELVN
Hematology
1.8%
Company LocationUSA
Size in % of Securities1.8%
Size of Stake in Company2.0%
Market Capitalization3.4 Mrd.
Sector: HematologyMain candidate: ELVN-001Main indications: Chronic myeloid leukemia (CML)

About the company

Enliven Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted cancer therapies. Headquartered in Boulder, Colorado (USA), the company uses a rational drug design approach to create selective kinase inhibitors.Its lead candidate, ELVN-001, is a BCR-ABL inhibitor for chronic myeloid leukemia (CML). The pipeline also includes ELVN-002, a HER2 inhibitor for certain solid tumors.

Further information about the company

Eupraxia Pharmaceuticals
EPRX
Inflammation & Immunology
0.6%
Company LocationCanada
Size in % of Securities0.6%
Size of Stake in Company4.0%
Market Capitalization600 Mio.
Sector: Inflammation & ImmunologyMain candidate: EP-104GIMain indications: Eosinophilic esophagitis (EoE)

About the company

Eupraxia Pharmaceuticals is a clinical-stage biotechnology company developing locally delivered, long-acting therapies using its proprietary Diffusphere technology. Headquartered in Vancouver, British Columbia (Canada), the company aims to improve efficacy and tolerability by maintaining therapeutic drug concentrations at the site of disease while limiting systemic exposure. Its lead candidate, EP-104GI, is being developed for eosinophilic esophagitis and is being evaluated in the RESOLVE clinical program. The pipeline also includes additional gastrointestinal applications and EP-104IAR for osteoarthritis, alongside broader opportunities for the Diffusphere platform.

Further information about the company

Damora Therapeutics
DMRA
Hematology
1.1%
Company LocationUSA
Size in % of Securities1.1%
Size of Stake in Company3.1%
Market Capitalization1.3 Mrd.
Sector: HematologyMain candidate: DMR-001

About the company

Damora Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing novel disease-modifying therapies for hematologic disorders. Headquartered in Waltham, Massachusetts (USA), the company is advancing innovative biologics designed to directly target underlying genetic disease drivers, particularly in rare blood disorders with high unmet medical need.Its lead candidate, DMR-001, is a monoclonal antibody targeting mutant calreticulin (mutCALR) for the treatment of myeloproliferative neoplasms such as essential thrombocythemia and myelofibrosis. The broader pipeline includes additional mutCALR-targeted programs (e.g., DMR-002, DMR-003) as well as other approaches, including small molecule therapies for acute myeloid leukemia. The company aims to deliver first-in-class, disease-modifying treatments for genetically defined hematologic malignancie

Further information about the company

Gilead Sciences
GILD
Infectious Diseases
8.3%
Company LocationUSA
Size in % of Securities8.3%
Size of Stake in Company0.2%
Market Capitalization185 Mrd.
Sector: Infectious DiseasesMain candidate: Biktarvy Main indications: HIV

About the company

Gilead Sciences, Inc. is a global biopharmaceutical company focused on antiviral therapies and innovative treatments for serious diseases. Headquartered in Foster City, California (USA).Key products include HIV therapies and cell therapies such as Yescarta and Tecartus. Its pipeline spans virology, oncology, and inflammatory diseases.

Further information about the company

Hemab Therapeutics
COAG
Hematology
0.5%
Company LocationUSA
Size in % of Securities0.5%
Size of Stake in Company1.2%
Market Capitalization1.4 Mrd.
Sector: HematologyMain candidate: Sutacimig (formerly HMB-001)Main indications: Glanzmann thrombasthenia and factor VII deficiency

About the company

Hemab Therapeutics Holdings, Inc., headquartered in Cambridge, Massachusetts (USA), with operations in Copenhagen, Denmark, is a clinical-stage biotechnology company focused on reimagining the treatment of rare bleeding and thrombotic disorders. Its lead candidate, sutacimig (formerly HMB-001), is being developed for Glanzmann thrombasthenia and factor VII deficiency. The pipeline also includes HMB-002 for von Willebrand disease and additional coagulation-disorder programs. 

Further information about the company

Immunocore
IMCR
Solid Tumors
1.8%
Company LocationUK
Size in % of Securities1.8%
Size of Stake in Company4.4%
Market Capitalization1.6 Mrd.
Sector: Solid TumorsMain candidate: Kimmtrak and IMC-F106CMain indications: Metastatic uveal melanoma

About the company

Immunocore is a biotechnology company focused on developing T cell receptor treatments for unmet medical needs in cancer, infectious diseases, and autoimmune diseases. The company was founded in 2008 and is headquartered in Oxfordshire in the UK. Immunocore are enhancing human T cell receptors to overcome the limitations of the natural immune system and current therapeutics approaches, through engineering novel bispecific drugs called ImmTAX molecules. In early 2022 their product Kimmtrak was approved for the treatment of metastatic uveal melanoma. The company has several product candidates in clinical development including IMC-F106C, which is being tested in multiple types of cancer.

Further information about the company

Incyte
INCY
Diversified
1.6%
Company LocationUSA
Size in % of Securities1.6%
Size of Stake in Company0.2%
Market Capitalization24.6 Mrd.
Sector: DiversifiedMain candidate: PovorcitinibMain indications: Chronic immune-mediated dermatologic diseases, including hidradenitis suppurativa and vitiligo

About the company

Incyte is a global biopharmaceutical company focused on discovering, developing and commercializing medicines in hematology/oncology and inflammation and autoimmunity. Headquartered in Wilmington, Delaware (USA), the company has built established franchises around JAK inhibition and is advancing a diversified pipeline of targeted small molecules and biologics. Among its priority pipeline programs is povorcitinib, an oral selective JAK1 inhibitor being developed across chronic immune-mediated dermatologic diseases. The pipeline also includes mutation-specific therapies for myeloproliferative neoplasms, a mutant CALR antibody, a JAK2V617F inhibitor, a TGFβR2xPD-1 bispecific antibody, a KRAS G12D inhibitor, a CDK2 inhibitor and latarcibart for von Willebrand disease.

Further information about the company

Insmed
INSM
Inflammation & Immunology
4.5%
Company LocationUSA
Size in % of Securities4.5%
Size of Stake in Company0.7%
Market Capitalization25 Mrd.
Sector: Inflammation & ImmunologyMain candidate: Brinsupri (Brensocatib)BrensocatibMain indications: Non-cystic fibrosis bronchiectasis (NCFB)

About the company

Insmed Incorporated is a global biopharmaceutical company focused on developing innovative therapies for patients with serious and rare diseases, particularly pulmonary and inflammatory disorders. Headquartered in Bridgewater, New Jersey (USA), the company combines commercial expertise with a strong late-stage development pipeline. Its lead commercial product, Brinsupri (brensocatib), is an oral DPP1 inhibitor approved for the treatment of patients with non-cystic fibrosis bronchiectasis (NCFB). The pipeline includes TPIP, an inhaled treprostinil prodrug for pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease, as well as additional respiratory and inflammatory disease programs.

Further information about the company

Jade Biosciences
JBIO
Inflammation & Immunology
1.6%
Company LocationUSA
Size in % of Securities1.6%
Size of Stake in Company6.8%
Market Capitalization900 Mio.
Sector: Inflammation & ImmunologyMain candidate: JADE101Main indications: immunoglobulin A nephropathy (IgAN)

About the company

Jade Biosciences, Inc. is a clinical-stage biotechnology company focused on developing potentially best-in-class therapies for patients living with autoimmune diseases and other serious conditions with high unmet medical need. The company was founded in 2024 and is headquartered in Waltham, Massachusetts, USA. Jade’s programs build on discovery-stage assets licensed from Paragon Therapeutics, an antibody discovery engine, and are designed to transform the standard of care in immunology and inflammation indications.The lead candidate, JADE101, is a monoclonal antibody that inhibits the cytokine APRIL (A PRoliferation-Inducing Ligand) and is being developed for the treatment of immunoglobulin A nephropathy (IgAN), with first-in-human clinical studies anticipated. The company’s pipeline also includes additional development candidates such as JADE201 and JADE-003 in preclinical stages, aimed at addressing other autoimmune targets.

Further information about the company

Krystal Biotech
KRYS
Other
0.7%
Company LocationUSA
Size in % of Securities0.7%
Size of Stake in Company0.3%
Market Capitalization9.9 Mrd.
Sector: OtherMain candidate: VyjuvekMain indications: Dystrophic epidermolysis bullosa

About the company

Krystal Biotech, Inc. is a biotechnology company focused on developing and commercializing genetic therapies for rare and serious diseases. Headquartered in Pittsburgh, Pennsylvania (USA), the company leverages a proprietary HSV-1 based gene delivery platform to develop targeted treatments for genetically driven conditions.Its commercial product Vyjuvek is a gene therapy for dystrophic epidermolysis bullosa. In addition, the company is advancing a pipeline of genetic medicines in clinical and preclinical development, including programs in dermatology and respiratory diseases, aiming to directly address the underlying genetic causes of disease.

Further information about the company

Kodiak Sciences
KOD
Other
1.2%
Company LocationUSA
Size in % of Securities1.2%
Size of Stake in Company0.7%
Market Capitalization6 Mrd.
Sector: OtherMain candidate: Zenkuda (tarcocimab tedromer)Main indications: Retinal vascular diseases, including diabetic retinopathy and wet age-related macular degeneration (wAMD)

About the company

Kodiak Sciences is a precommercial biotechnology company focused on developing next-generation therapies for retinal diseases and other leading causes of blindness. Headquartered in Palo Alto, California (USA), the company uses its proprietary Antibody Biopolymer Conjugate (ABC) platform to develop long-acting medicines designed to improve efficacy, durability and treatment burden in retinal diseases. Its lead candidate, Zenkuda (tarcocimab tedromer), is an anti-VEGF antibody biopolymer conjugate being developed for retinal vascular diseases, including diabetic retinopathy and wet age-related macular degeneration (wAMD). The pipeline also includes KSI-501 (tabirafusp alfa tedromer), a bispecific therapy targeting VEGF and IL-6 for wAMD and diabetic macular edema, as well as KSI-101, which is in Phase III development for macular edema secondary to inflammation.

Further information about the company

LB Pharmaceuticals
LBRX
Neurology & Psychiatry
0.7%
Company LocationUSA
Size in % of Securities0.7%
Size of Stake in Company2.2%
Market Capitalization1.2 Mrd.
Sector: Neurology & PsychiatryMain candidate: LB-102Main indications: Schizophrenia

About the company

LB Pharmaceuticals is a late-stage biopharmaceutical company developing neuromedicines for underserved psychiatric disorders. Headquartered in New York, New York (USA), the company is advancing LB-102, a methylated derivative of amisulpride designed to provide a differentiated treatment profile in neuropsychiatric disease. LB-102 is in pivotal Phase III development for schizophrenia and is also being evaluated in Phase II for bipolar depression. The company plans to broaden development into adjunctive treatment of major depressive disorder and additional neuropsychiatric indications.

Further information about the company

Niroda Therapeutics
Neurology & Psychiatry
0.1%
Company LocationUSA
Size in % of Securities0.1%
Sector: Neurology & PsychiatryMain candidate: AneratrigineMain indications: Chronic and neuropathic pain

About the company

Niroda Therapeutics, Inc. is a privately held pain-focused biotechnology company based in Short Hills, New Jersey (USA). It has licensed exclusive global rights outside of Asia for aneratrigine, a next-generation non-opioid analgesic candidate targeting NaV1.7, for the treatment of chronic and neuropathic pain. 

Oruka Therapeutics
ORKA
Inflammation & Immunology
3.6%
Company LocationUSA
Size in % of Securities3.6%
Size of Stake in Company2.5%
Market Capitalization5.5 Mrd.
Sector: Inflammation & ImmunologyMain candidate: IL-23 / IL-17Main indications: Psoriasis

About the company

Oruka Therapeutics is a clinical-stage biotechnology company focused on developing innovative antibody therapies for immunological diseases. Based in the United States, the company aims to create differentiated biologics with improved durability and efficacy.Its pipeline includes antibody programs targeting autoimmune and inflammatory diseases, with a focus on enhancing treatment outcomes and dosing convenience.

Further information about the company

Palvella Therapeutics
PVLA
Other
0.6%
Company LocationUSA
Size in % of Securities0.6%
Size of Stake in Company1.1%
Market Capitalization2 Mrd.
Sector: OtherMain candidate: QTORIN rapamycinMain indications: Microcystic lymphatic malformations

About the company

Palvella Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing and commercializing novel therapies for serious, rare genetic skin diseases and vascular malformations. Headquartered in Wayne, Pennsylvania (USA), the company is building a pipeline around its QTORIN platform. Its lead candidate, QTORIN rapamycin, is a 3.9% rapamycin anhydrous gel being developed for microcystic lymphatic malformations. The pipeline also includes development in cutaneous venous malformations, clinically significant angiokeratomas, and other rare mTOR-driven dermatologic diseases.

Further information about the company

Parabilis Medicines
PBLS
Solid Tumors
0.4%
Company LocationUSA
Size in % of Securities0.4%
Size of Stake in Company0.4%
Market Capitalization4 Mrd.
Sector: Solid TumorsMain candidate: Zolucatetide (formerly FOG-001)Main indications: Desmoid tumors and other Wnt/beta-catenin-driven solid tumors

About the company

Parabilis Medicines, Inc. is a clinical-stage oncology company focused on developing Helicon peptide therapeutics against historically undruggable protein targets. Headquartered in Cambridge, Massachusetts (USA), the company is using its Helicon platform to modulate key oncogenic pathways. Its lead candidate, zolucatetide (formerly FOG-001), is a first-in-class direct inhibitor of the beta-catenin/TCF interaction being studied in desmoid tumors and other Wnt/beta-catenin-driven indications. The pipeline also includes additional programs across colorectal cancer, hepatocellular carcinoma, familial adenomatous polyposis, and other solid tumors. 

Further information about the company

Relay Therapeutics
RLAY
Solid Tumors
3.0%
Company LocationUSA
Size in % of Securities3.0%
Size of Stake in Company2.8%
Market Capitalization4 Mrd.
Sector: Solid TumorsMain candidate: RLY-2608Main indications: PI3Kα mutant metastatic breast cancer

About the company

Relay Therapeutics is a clinical-stage precision medicines company transforming the drug discovery process with the goal of bringing life-changing therapies to patients. Built on unparalleled insights into protein motion and how this dynamic behavior relates to protein function, Relay Therapeutics aims to effectively drug protein targets that have previously been intractable, with an initial focus on enhancing small molecule therapeutic discovery in targeted oncology. The company’s Dynamo platform integrates an array of leading-edge experimental and computational approaches to provide a differentiated understanding of protein structure and motion to drug these targets. The company has deployed its Dynamo platform to initially focus on the area of precision oncology. Most advanced clinical candidate is RLY-2608, a pan PI3Kα for the treatment of metastatic breast cancer with a PI3Kα mutation currently in Phase I/II dose expansion in combination with Standard of care.

Further information about the company

Regeneron Pharmaceuticals
REGN
Diversified
5.7%
Company LocationUSA
Size in % of Securities5.7%
Size of Stake in Company0.3%
Market Capitalization75.8 Mrd.
Sector: DiversifiedMain candidate: EyleaMain indications: Ophthalmology

About the company

Regeneron Pharmaceuticals, Inc. is a global biopharmaceutical company focused on discovering, developing, and commercializing innovative medicines. Headquartered in Tarrytown, New York (USA), the company leverages proprietary technologies such as VelociSuite to develop monoclonal antibodies and other biologics.Key products include Eylea (ophthalmology), Dupixent (in partnership with Sanofi, inflammatory diseases), and Libtayo (oncology). Its broad pipeline spans immunology, oncology, rare diseases, and cardiovascular conditions.

Further information about the company

Revolution Medicines
RVMD
Solid Tumors
5.4%
Company LocationUSA
Size in % of Securities5.4%
Size of Stake in Company0.5%
Market Capitalization44 Mrd.
Sector: Solid TumorsMain candidate: RMC-6236Main indications: Tumor types featuring specific oncogenic mutations in solid tumors

About the company

Revolution Medicines is a clinical-stage precision oncology company focused on developing novel targeted therapies to inhibit elusive frontier targets within notorious growth and survival pathways, with particular emphasis on RAS and associated signaling pathways. The company is utilizing its deep understanding of genetic drivers and adaptive resistance mechanisms in cancer, coupled with robust drug discovery and medicinal chemistry capabilities, to build a portfolio of compounds that inhibit critical signaling nodes within the RAS and associated pathways.  The company is developing a portfolio of mutant-selective RAS inhibitors that could be the first potent, selective, cell-active inhibitors of the active, GTP-bound form of RAS, or RAS(ON). Lead asset is RMC-6236, a multi-selctive KRAS inhibitor that hass shown encouraging signs of antitumor efficacy in lung as well as pancreatic cancer with any type of KRAS mutation.

Further information about the company

Rivus Pharmaceuticals
Cardiometabolic Diseases
1.5%
Company LocationUSA
Size in % of Securities1.5%
Sector: Cardiometabolic DiseasesMain candidate: HU6Main indications: Obesity

About the company

Rivus Pharmaceuticals is a non-listed biotechnology company focused on developing a new class of medicines designed to address obesity. The company was founded in 2019 and is headquartered in Charlottesville, Virginia in the US. Rivus is advancing a new class of therapies called Controlled Metabolic Accelerators (CMAs) designed to selectively reduce excess fat by leveraging mitochondrial uncoupling. For its lead program HU6, Rivus has completed Phase I studies and a Phase IIa metabolic study. Rivus recently initiated a Phase IIa study in obese patients with heart failure with preserved ejection fraction and plans to initiate a Phase IIb study in obesity, including a subset of patients with type 2 diabetes, in 2023. Rivus is expanding the therapeutic utility of mitochondrial uncoupling with new CMAs targeting a myriad of diseases where preclinical evidence for safe metabolic acceleration is strong and the therapeutic need is substantial.

Further information about the company

Seaport Therapeutics
SPTX
Neurology & Psychiatry
0.6%
Company LocationUSA
Size in % of Securities0.6%
Size of Stake in Company2.1%
Market Capitalization1.1 Mrd.
Sector: Neurology & PsychiatryMain candidate: GlyphAgo (SPT-320)Main indications: Generalized anxiety disorder (GAD)

About the company

Seaport Therapeutics is a clinical-stage therapeutics company developing novel neuropsychiatric medicines using its proprietary Glyph platform. Headquartered in Boston, Massachusetts (USA), the company is focused on creating oral prodrugs designed to improve the tolerability and usability of proven psychiatric and neurologic mechanisms. Its lead candidate, GlyphAgo (SPT-320), is an oral prodrug of agomelatine being developed for generalized anxiety disorder. The pipeline also includes GlyphAllo (SPT-300) for major depressive disorder, GlyphCele for metabolic and inflammatory biology, and additional discovery-stage programs.

Further information about the company

Scholar Rock
SRRK
Neurology & Psychiatry
3.6%
Company LocationUSA
Size in % of Securities3.6%
Size of Stake in Company2.3%
Market Capitalization5.9 Mrd.
Sector: Neurology & PsychiatryMain candidate: ApitegromabMain indications: SMA type 2 and 3, immuno-oncology

About the company

Scholar Rock is a biotechnology company focused on developing monoclonal antibodies that are able to modulate growth factors with extraordinary selectivity. The company was founded in 2012 and is headquartered in Cambridge, Massachusetts, in the US. Scholar Rock has a technology platform based on the understanding of the extracellular activation of growth factors. The company develops antibodies to target the latent, inactive forms of growth factors to selectively and locally modulate growth factor activity within the tissue microenvironment. The lead asset, apitegromab, is an antibody targeting TGF-β currently in Phase III clinical development for Spinal Muscular Dystrophy Type 2 and 3 with data expected in late 2024.

Further information about the company

Soufflé Therapeutics
Neurology & Psychiatry
0.4%
Company LocationUSA
Size in % of Securities0.4%
Sector: Neurology & PsychiatryMain candidate: Cell-selective siRNA lead programsMain indications: Facioscapulohumeral muscular dystrophy (FSHD) and PLN-associated cardiomyopathy

About the company

Soufflé Therapeutics is a biotechnology company developing cell-selective nucleic acid medicines designed to deliver siRNA therapeutics precisely to disease-causing cells. Based in Boston, Massachusetts (USA), the company combines receptor discovery, ligand optimization and potent siRNA engineering to expand RNAi delivery beyond the liver. Its initial programs target skeletal muscle and cardiomyocytes, with lead development programs in facioscapulohumeral muscular dystrophy and genetically driven cardiomyopathy associated with phospholamban mutations. The pipeline also includes preclinical programs across muscle, cardiovascular and metabolic diseases, including a heart-targeted siRNA collaboration with Bayer.

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Spyre Therapeutics
SYRE
Inflammation & Immunology
0.9%
Company LocationUSA
Size in % of Securities0.9%
Size of Stake in Company0.4%
Market Capitalization7.9 Mrd.
Sector: Inflammation & ImmunologyMain candidate: SPY001Main indications: Ulcerative colitis and broader inflammatory bowel disease

About the company

Spyre Therapeutics, Inc. is a clinical-stage biotechnology company focused on next-generation antibody therapies for immunology. Headquartered in Waltham, Massachusetts (USA), the company is developing long-acting antibodies designed to provide more complete disease control and simpler dosing. Its lead program, SPY001, is an anti-α4β7 antibody for inflammatory bowel disease, while the pipeline also includes SPY002, SPY003, SPY072 and combination approaches for IBD, with additional work spanning rheumatic diseases.

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Summit Therapeutics
SMMT
Solid Tumors
0.9%
Company LocationUSA
Size in % of Securities0.9%
Size of Stake in Company0.3%
Market Capitalization13.5 Mrd.
Sector: Solid TumorsMain candidate: IvonescimabMain indications: Non-small cell lung cancer (NSCLC)

About the company

Summit Therapeutics is a biopharmaceutical company focused on developing novel therapies with the potential to improve standards of care in oncology. Headquartered in Miami, Florida (USA), the company’s development strategy is centered on ivonescimab, a first-in-class bispecific antibody targeting PD-1 and VEGF licensed from Akeso for major global markets. Ivonescimab is being evaluated in multiple global Phase III studies, with non-small cell lung cancer as the principal development area. The pipeline includes HARMONi studies in EGFR-mutated and first-line metastatic NSCLC as well as development in colorectal cancer and other solid tumors.

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Tango Therapeutics
TNGX
Solid Tumors
0.7%
Company LocationUSA
Size in % of Securities0.7%
Size of Stake in Company0.7%
Market Capitalization4.2 Mrd.
Sector: Solid TumorsMain candidate: VopimetostatMain indications: MTAP-deleted tumors

About the company

Tango Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing precision oncology therapies. Headquartered in Boston, Massachusetts (USA), the company leverages genetic insights such as synthetic lethality to identify novel cancer targets.Its lead candidate, vopimetostat, is a PRMT5 inhibitor being developed for MTAP-deleted tumors. The pipeline further includes multiple early-stage programs targeting genetically defined subsets of solid tumors.

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United Therapeutics Corporation
UTHR
Cardiometabolic Diseases
2.6%
Company LocationUSA
Size in % of Securities2.6%
Size of Stake in Company0.4%
Market Capitalization23.2 Mrd.
Sector: Cardiometabolic DiseasesMain candidate: Tyvaso / Tyvaso DPI and ralinepagMain indications: Pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD)

About the company

United Therapeutics Corporation is a biotechnology company focused on chronic and rare life-threatening diseases, with a particular emphasis on cardiopulmonary disease and transplant-enabling technologies. Headquartered in Silver Spring, Maryland (USA), with major operations in Research Triangle Park, North Carolina, the company has a broad commercial base and a pipeline that extends into pulmonary fibrosis and organ alternative platforms. Its lead franchise includes Tyvaso and Tyvaso DPI, treprostinil-based therapies for pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease. The pipeline also includes the ralinepag program and the TETON studies in idiopathic pulmonary fibrosis, alongside organ manufacturing and transplant technologies. 

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Vaxcyte
PCVX
Infectious Diseases
3.5%
Company LocationUSA
Size in % of Securities3.5%
Size of Stake in Company1.6%
Market Capitalization8.5 Mrd.
Sector: Infectious DiseasesMain candidate: VAX-24Main indications: Oneumococcal conjugate vaccine

About the company

Vaxcyte, Inc. is a biotechnology company focused on developing innovative vaccines to prevent bacterial infectious diseases. Headquartered in San Carlos, California (USA), the company leverages a proprietary conjugate vaccine platform.Its lead candidate, VAX-24, is a 24-valent pneumococcal conjugate vaccine candidate. The pipeline includes additional vaccines targeting invasive bacterial infections.

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Vertex Pharmaceuticals
VRTX
Diversified
7.8%
Company LocationUSA
Size in % of Securities7.8%
Size of Stake in Company0.2%
Market Capitalization132.5 Mrd.
Sector: DiversifiedMain candidate: TrikaftaMain indications: Cystic Fibrosis

About the company

Vertex is a biotechnology company focused primarily on treatments for the genetic disease cystic fibrosis, as well as other unmet medical needs. Founded in 1989, the company is headquartered in Cambridge, Massachusetts, in the US, with operations across Europe, Australia, and Latin America. The company has a number of approved medicines that treat the underlying cause of cystic fibrosis – a rare and life-threatening genetic disease. The approved drugs in this disease area include Kalydeco, Orkambi, Symdeko, and Trikafta. Besides cystic fibrosis, Vertex has a pipeline of investigational small molecule medicines for other serious diseases where it has deep insight into causal human biology, including alpha-1 antitrypsin deficiency, APOL1-mediated kidney diseases, and pain. In addition, the company has a partnership with Crispr Therapeutics for the development and commercialization of Casgevy, the first ex-vivo cell therapy ever been approved by the US FDA (December 2023) for patients with sickle cell therapy.

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Viridian Therapeutics
VRDN
Inflammation & Immunology
3.9%
Company LocationUSA
Size in % of Securities3.9%
Size of Stake in Company6.3%
Market Capitalization2.3 Mrd.
Sector: Inflammation & ImmunologyMain candidate: VRDN-001Main indications: Thyroid Eye Disease (TED)

About the company

Viridian Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing novel therapies for autoimmune and rare diseases. Headquartered in Waltham, Massachusetts (USA), the company leverages advanced antibody technologies to create differentiated biologics.Its lead candidate, veligrotug (VRDN-001), is an IGF-1R antagonist for the treatment of Thyroid Eye Disease (TED). The broader pipeline includes additional IGF-1R-targeting antibodies as well as programs targeting the TSH receptor and FcRn inhibitors for potential applications in other autoimmune diseases.

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Yarrow Bioscience
YARW
Inflammation & Immunology
0.6%
Company LocationUSA
Size in % of Securities0.6%
Size of Stake in Company10.6%
Market Capitalization200 Mio.
Sector: Inflammation & ImmunologyMain candidate: YB-101Main indications: Graves’ disease and thyroid eye disease (TED)

About the company

Yarrow Bioscience is a clinical-stage biotechnology company focused on developing transformative therapies for autoimmune thyroid diseases. Headquartered in New Haven, Connecticut (USA), the company is developing YB-101, a potentially first-in-class monoclonal antibody that directly targets the thyroid-stimulating hormone receptor (TSHR). YB-101 is in a global Phase IIa/IIb trial for Graves’ disease and is also being studied in thyroid eye disease through the company’s partner GenSci in China. The program is designed to address the central disease mechanism in both thyroidal and extra-thyroidal manifestations of TSHR autoimmunity.

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