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Sign InOrbiMed Advisors significantly increased its position in RAPT Therapeutics during the fourth quarter, according to recent financial reports. The healthcare-focused investment firm added 556,273 shares to its holdings just before the company was acquired. RAPT Therapeutics was subsequently acquired at a price of $58 per share, offering a guaranteed valuation and exit for existing shareholders. Prior to the acquisition, OrbiMed's total stake in the biotechnology firm was valued at approximately $56 million. This institutional accumulation highlights a strategic move by institutional investors ahead of a major corporate event. The acquisition at a premium validates the investment thesis and underscores the ongoing consolidation activity within the biotech sector.