Morningside Venture Investments Now Owns 30.20% of LumiraDx (LMDX)
Summary
Fintel reports that Morningside Venture Investments has filed a 13D form with the SEC disclosing ownership of 54.13MM shares of LumiraDx Ltd (LMDX). This represents 30.2% of the company.In their previous filing dated February 14, 2022 they reported 19.50MM shares and 40.90% of the company, an increase in shares of 177.65% and a decrease in total ownership of 10.70% (calculated as current - previous percent ownership).As of February 14, 2023, the average one-year price target for LumiraDx is $3.56. The firm decreased its portfolio allocation in LMDX by 29.05% over the last quarter.Balyasny Asset Management holds 3,232K shares representing 1.02% ownership of the company. The firm decreased its portfolio allocation in LMDX by 48.10% over the last quarter.Alpine Global Management holds 990K shares representing 0.31% ownership of the company. The firm increased its portfolio allocation in LMDX by 77.30% over the last quarter.Velan Capital Investment Management holds 571K shares representing 0.18% ownership of the company.