Dafna Capital Management, LLC

DAFNA Capital Management, LLC is a registered investment adviser specializing in providing investment advisory services focused on analyzing companies in the life science field. The firm was established in December 13, 1999, and is owned and controlled by Dr. Nathan Fischel and Dr. Fariba Ghodsian. DAFNA offers investment advisory services for private investment funds, with regulatory assets under management of $537.7 million as of February 28, 2025. The firm typically requires a minimum initial investment of $1,000,000 from accredited investors who are also qualified purchasers. For compensation, DAFNA charges an annual management fee based on account balance and may also receive performance-based fees. The management fee is deducted monthly, and performance fees are paid annually. The firm exercises investment discretion, making decisions on securities to buy or sell, total amounts, brokers, and commission rates without client consent. DAFNA follows a code of ethics, participates in client transactions, and provides periodic account reviews and client reports. The firm also engages in client referrals for a fee and does not maintain custody of client assets. Additionally, DAFNA votes on client securities in the best interests of its clients.