Cormorant Asset Management Discloses New 5.19% Stake in Adlai Nortye Ltd.

On May 15, 2026, Cormorant Asset Management, LP and Bihua Chen filed a Schedule 13G regarding their holdings in Adlai Nortye Ltd. (ANL). The filing reports a new position of 2,897,857 shares, representing a 5.19% ownership stake in the company. This acquisition was triggered by an event on March 31, 2026. The reporting persons, which include Cormorant Asset Management, LP as an investment adviser and Bihua Chen as a control person, share voting and dispositive power over the reported shares held by various Cormorant Funds. Specifically, Cormorant Global Healthcare Master Fund, LP is noted as having the right to receive dividends or proceeds from more than 5% of the shares. The shares consist of American Depositary Shares, each representing three Class A Ordinary Shares. The filing indicates that the securities were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. This filing establishes a significant institutional presence in Adlai Nortye Ltd. following recent private placement activities.