Opaleye Management Inc. Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$758.0M

Holdings

54

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (54 positions)

#StockSharesValue% PortfolioType
1
HROWHARROW HEALTH INC
3,905,000$191.3M25.24%
2
LQDALIQUIDIA CORPORATION
2,435,000$85.0M11.21%
3
ETONETON PHARMACEUTICALS INC
2,860,000$48.4M6.38%
4
RYTMRHYTHM PHARMACEUTICALS INC
330,000$35.3M4.66%
5
APGEAPOGEE THERAPEUTICS INC
388,257$29.3M3.87%
6
SNWVSANUWAVE HEALTH INC
981,267$29.3M3.86%
7
STOKSTOKE THERAPEUTICS INC
695,000$22.1M2.91%
8
OCULOCULAR THERAPEUTIX INC
1,595,000$19.4M2.55%
9
SLGLSOL GEL TECHNOLOGIES
453,739$19.1M2.52%
10
CGONCG ONCOLOGY INC
410,000$17.0M2.25%
11
TGTXTG THERAPEUTICS INC
535,000$15.9M2.10%
12
IRONDISC MEDICINE INC
200,000$15.9M2.10%
13
RZLTREZOLUTE INC
6,287,156$14.8M1.96%
14
CBIOCRESCENT BIOPHARMA INC
1,178,300$14.0M1.84%
15
ALKSALKERMES PLC
490,000$13.7M1.81%
16
ACOGALPHA COGNITION INC
2,070,784$13.5M1.78%
17
ANNXANNEXON INC
2,600,000$13.1M1.72%
18
EWTXEDGEWISE THERAPEUTICS INC
500,000$12.4M1.64%
19
CDXSCODEXIS INC
6,789,738$11.1M1.46%
20
PTGXPROTAGONIST THERAPEUTICS INC
105,000$9.2M1.21%
21
GOSSGOSSAMER BIO INC
2,720,000$8.4M1.11%
22
MBXMBX BIOSCIENCES INC
260,000$8.2M1.08%
23
RVMDREVOLUTION MEDICINES INC
100,000$8.0M1.05%
24
XOMAXOMA CORP DEL
292,590$7.8M1.03%
25
DERMJOURNEY MEDICAL CORP
975,000$7.5M0.99%
26
KPTIKARYOPHARM THERAPEUTICS INC
930,000$6.8M0.90%
27
JBIOJADE BIOSCIENCES INC
427,608$6.6M0.87%
28
URGNUROGEN PHARMA LTD
268,423$6.3M0.83%
29
ALMSALUMIS INC
535,000$5.2M0.69%
30
CATXPERSPECTIVE THERAPEUTICS INC
1,184,500$5.0M0.66%
31
VYGRVOYAGER THERAPEUTICS INC
1,196,904$4.7M0.62%
32
RLMDRELMADA THERAPEUTICS INC
935,000$4.5M0.60%
33
TECXTECTONIC THERAPEUTICS INC
214,747$4.5M0.59%
34
PLXPROTALIX BIOTHERAPEUTICS INC
2,478,176$4.5M0.59%
35
TRVITREVI THERAPEUTICS INC
345,100$4.3M0.57%
36
FBIOFORTRESS BIOTECH INC
1,090,000$4.0M0.53%
37
RCKTROCKET PHARMACEUTICALS INC
955,000$3.4M0.44%
38
MGTXMEIRAGTX HOLDINGS PLC
390,844$3.1M0.41%
39
RI2RIGEL PHARMACEUTICALS INC
70,000$3.0M0.40%
40
ZYMEZYMEWORKS INC
108,929$2.9M0.38%
41
ASRTASSERTIO HOLDINGS INC
285,000$2.6M0.34%
42
VTYXVENTYX BIOSCIENCES INC
251,932$2.3M0.30%
43
IRDOPUS GENETICS INC
1,120,000$2.3M0.30%
44
STROSUTRO BIOPHARMA INC
190,671$2.2M0.29%
45
CABACABALETTA BIO INC
900,000$2.0M0.26%
46
ZNTLZENTALIS PHARMACEUTICALS INC
1,400,906$1.9M0.25%
47
GBIOGENERATION BIO CO
310,000$1.8M0.23%
48
BBIOBRIDGEBIO PHARMA INC
18,319$1.4M0.18%
49
ENTAENANTA PHARMACEUTICALS INC
75,000$1.2M0.16%
50
QTTBQ32 BIO INC
213,363$708K0.09%
51
AVIRATEA PHARMACEUTICALS INC
179,815$641K0.08%
52
SLNSILENCE THERAPEUTICS PLC
78,926$479K0.06%
53
RAPTRAPT THERAPEUTICS INC
150,000$213K0.03%
54
ADGMADAGIO MED HLDGS INC
110,571$114K0.02%