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Actionable news in RLYP: RELYPSA Inc,

Bill Gates’ Cascade Investment Trims Position in AutoNation Inc. (AN), While OrbiMed Advisors Piles On This Biotech

Let’s now provide a brief introduction to the other investment firm discussed in this article. OrbiMed Advisors is a healthcare-focused investment firm whose first public equity fund was launched back in 1989. Its investment business expanded to include long/short equity and private equity investments in 1993. Sam Isaly, a co-founder of the New York-based firm, seeks opportunities in all areas of the healthcare industry, which has been seriously beaten down by the market recently. The firm’s flagship public equity strategy is a long/short hedge fund firm that manages an equity portfolio with a market value of $11.96 billion as of June 30.

According to a freshly-amended 13D filing, OrbiMed Advisors...