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Denali Advisors LLC bought a new stake in AlloVir in the third quarter valued at $51,000.
That's because on Wednesday in an SEC Filing, it was noted that had purchased about 2.9 million AlloVir shares at $3.75 apiece.
The company is an affiliate of ElevateBio, whose raison d’etre is to leverage its cell and gene therapy manufacturing capabilities into ownership interests of companies such as AlloVir – a sort of hedge fund hotel for biotechs.