BVF PARTNERS sells 1,000,000 THRD shares (85.0% of pre-transaction holdings) for $14.3M at $14.30 on 2024-10-29
BVF PARTNERS L P/IL executed 3 separate sales totaling 1,000,000 shares (1.00M shares) for $14,300,000.00 on 2024-10-29, eliminating 85.0% of its pre-transaction holdings of 1,176,692 shares (1.18M shares). The sale occurred at a blended average price of $14.30, which represents a 3.7% premium to the current price of $13.79 and sits -11.3% from the 52-week high of $15.54. Notably, the insider's cross-ticker sell track record shows an average 90-day return of +0.4% after prior sales, with a 0.00% well-timed rate, indicating historically poorly-timed exits. The target company (THRD) is unprofitable with full-year net income of $-10,707,000.00 and a P/E ratio of 17.68 applied to negative earnings.