In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Savara Inc. (NASDAQ:SVRA) reported that Zambon Spa has picked up 4,693,540 of common stock as of 2017-06-29.
The acquisition brings the aggregate amount owned by Zambon Spa to a total of 4,693,540 representing a 19.5% stake in the company.
For those not familiar with the company, Savara Inc., formerly Mast Therapeutics, Inc., is a clinical-stage pharmaceutical company. The Company is focused on the development and commercialization of novel therapies for the treatment of patients with rare respiratory diseases. Its pipeline includes AeroVanc, Molgradex and AIR001. AeroVanc is an inhaled formulation of vancomycin, which the Company is developing for the treatment of persistent methicillin-resistant Staphylococcus aureus, lung infection in cystic fibrosis patients. Molgradex is an inhaled formulation of recombinant human granulocyte-macrophage colony-stimulating factor. It is developing Molgradex for the treatment of autoimmune pulmonary alveolar proteinosis, a rare lung disease. AIR001 is a sodium nitrite solution for inhalation via nebulization. AIR001 is in Phase II clinical development for the treatment of heart failure with preserved ejection fraction, also known as diastolic heart failure or heart failure with preserved systolic function.
A glance at Savara Inc. (NASDAQ:SVRA) key stats reveals a current market capitalization of $145.03 Million based on $23.49 Million shares outstanding and a price at last close of $6.24 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-06-07, Neville picked up 52,250 at a purchase price of $4.75. This brings their total holding to 430,385 as of the date of the filing.
On the sell side, the most recent transaction saw Emanuele unload 41,000 shares at a sale price of $0.60. This brings their total holding to 547,663.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Savara Inc. (NASDAQ:SVRA) as things move forward to see if its progress aligns with these transactions.
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