This Healthcare Fund Rode High On Enanta Pharmaceuticals In Q1

Krensavage Partners gained 8.45% during the first quarter, driven by long positions in Enanta Pharmaceuticals, RTI Surgical Holdings and Invacare Corp. Two biotech shorts negatively impacted the fund’s returns. Krensavage outperformed its benchmark S&P Healthcare Index Return’s 6.6% gain but came up short of the S&P 500’s 13.6% gain. Q1 hedge fund letters, conference, scoops etc Top-performing position: Enanta Pharmaceuticals The fund’s top performer during Q1 was Enanta with its 35% gain. Enanta benefited from royalty payments from Abbvie for sales of the hepatitis C medication Mavyret. Managing Member Michael Krensavage said in his Q1 letter, which was reviewed by…