On the 2nd of October, Orbimed Capital bought 496 thousand Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT) shares for $12 million at an average price of $25.00 per share. Shares of Arcutis Biotherapeutics, Inc. are up 1.46% since the transaction.
Orbimed Capital's holding in Arcutis Biotherapeutics, Inc. increased to about 902 thousand shares with the purchase.