Seeking Alpha

Retrophin +10% after SAC Capital, Broadfin disclose new stakes

Retrophin (RTRX +10.2%) shares surge just a nickel short of a 52-week high after a pair of investment funds disclosed a combined 12.5% stake in the biotech company.

Steve Cohen's SAC Capital now owns a 5.6% passive stake (1.29M shares), and Broadfin Capital reported a 6.93% passive stake (1.61M shares), according to SEC filings.

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