Overview
Firm Description and History
Opaleye Management Inc. is a Massachusetts corporation formerly named Risk/Reward Capital
Management Corporation formed in 1996. Risk/Reward Capital Management Corporation changed the
name to Opaleye Management Inc. in 2014. James Silverman is the sole owner.
Business Summary
Opaleye provides discretionary investment management services to Opaleye, L.P., a Delaware limited
partnership (hereafter the “Fund”). Opaleye GP LLC, a Delaware limited liability company, is the general
partner (the “General Partner”) to the Fund. Opaleye is related to the Fund’s General Partner by virtue of
common ownership and control.
Opaleye manages the Fund on a discretionary basis in accordance with the terms and conditions of the
Fund's confidential private placement memorandum and its limited partnership agreement (collectively,
the “Offering Documents”). We do not tailor the Fund’s management to the particular needs of any
investor in the Fund.
The Fund generally invests in equity securities of U.S. and foreign small and mid-cap biotechnology and
specialty pharmaceutical and device companies, which may include private companies. Typically, these
companies are developing therapies and treatments intended for humans.
Interests in the Fund are offered in
reliance upon various exemptions available under the securities laws
for transactions in securities not involving a public offering.
Investors in the Fund should be aware of additional risks, restrictions on withdrawals and redemptions,
and other important information associated with an investment in the Fund. This information is outlined
in the Fund's Offering Documents. Accordingly, prospective investors should refer to the Offering
Documents for information regarding these important additional considerations and risks.
In addition, Opaleye also serves as a portfolio manager and provides discretionary investment management
services for a separately managed account (the “Managed Account”). The Managed Account is a parallel
managed account that pursues a similar investment objective and strategy and invests side-by-side in most
of the same positions as the Fund. We managed the Managed Account as outlined in the management
account agreement between Opaleye and the Managed Account client. We do not tailor the Managed
Account’s management to the particular needs of the Managed Account client.
Client Assets Under Management
Discretionary assets under our firm’s management were approximately 432,500,000 as of December 31, 2023. We do
not currently manage any non-discretionary assets.