|
|
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
|
|
|
|
SCHEDULE 13G
|
|
|
|
Under the Securities Exchange Act of 1934
|
|
|
|
(Amendment No. __)*
|
|
|
|
NextCure, Inc.
|
|
|
|
(Name of Issuer)
|
|
|
|
Common Stock
|
|
|
|
(Title of Class of Securities)
|
|
|
|
November 6, 2019
|
|
|
|
(Date of Event which Requires Filing of this Statement)
|
|
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
___________________________________
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise
subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
|
1
|
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Cormorant Global Healthcare Master Fund, LP
|
|
2
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
(a) [ ]
|
|
|
(b) [x]
|
|
3
|
SEC Use Only
|
|
4
|
Citizenship or Place of Organization.
Cayman Islands
|
|
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5 Sole Voting Power
0 shares
|
|
6 Shared Voting Power
1,126,211 shares (1,339,314 shares as of the date of filing)
Refer to Item 4 below.
|
|
7 Sole Dispositive Power
0 shares
|
|
8 Shared Dispositive Power
1,126,211 shares (1,339,314 shares as of the date of filing)
Refer to Item 4 below.
|
|
9
|
Aggregate Amount Beneficially Owned by Each Reporting Person
1,126,211 shares (1,339,314 shares as of the date of filing)
Refer to Item 4 below.
|
|
10
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
[ ] N/A
|
|
11
|
Percent of Class Represented by Amount in Row (9)*
4.95% (4.99% as of the date of filing)
Refer to Item 4 below.
|
|
12
|
Type of Reporting Person (See Instructions)
PN (Partnership)
|
|
1
|
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Cormorant Global Healthcare GP, LLC
|
|
2
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
(a) [ ]
|
|
|
(b) [x]
|
|
3
|
SEC Use Only
|
|
4
|
Citizenship or Place of Organization.
Delaware
|
|
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5 Sole Voting Power
0 shares
|
|
6 Shared Voting Power
1,126,211 shares (1,339,314 shares as of the date of filing)
Refer to Item 4 below.
|
|
7 Sole Dispositive Power
0 shares
|
|
8 Shared Dispositive Power
1,126,211 shares (1,339,314 shares as of the date of filing)
Refer to Item 4 below.
|
|
9
|
Aggregate Amount Beneficially Owned by Each Reporting Person
1,126,211 shares (1,339,314 shares as of the date of filing)
Refer to Item 4 below.
|
|
10
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
[ ] N/A
|
|
11
|
Percent of Class Represented by Amount in Row (9)*
4.95% (4.99% as of the date of filing)
Refer to Item 4 below.
|
|
12
|
Type of Reporting Person (See Instructions)
OO (Limited Liability Company)
|
|
1
|
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Cormorant Asset Management, LP
|
|
2
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
(a) [ ]
|
|
|
(b) [x]
|
|
3
|
SEC Use Only
|
|
4
|
Citizenship or Place of Organization.
Delaware
|
|
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5 Sole Voting Power
0 shares
|
|
6 Shared Voting Power
1,200,000 shares (1,428,577 shares as of the date of filing)
Refer to Item 4 below.
|
|
7 Sole Dispositive Power
0 shares
|
|
8 Shared Dispositive Power
1,200,000 shares (1,428,577 shares as of the date of filing)
Refer to Item 4 below.
|
|
9
|
Aggregate Amount Beneficially Owned by Each Reporting Person
1,200,000 shares (1,428,577 shares as of the date of filing)
Refer to Item 4 below.
|
|
10
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
[ ] N/A
|
|
11
|
Percent of Class Represented by Amount in Row (9)*
5.27% (5.33% as of the date of filing)
Refer to Item 4 below.
|
|
12
|
Type of Reporting Person (See Instructions)
PN (Partnership)
|
|
1
|
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Bihua Chen
|
|
2
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
(a) [ ]
|
|
|
(b) [x]
|
|
3
|
SEC Use Only
|
|
4
|
Citizenship or Place of Organization.
United States
|
|
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5 Sole Voting Power
0 shares
|
|
6 Shared Voting Power
1,200,000 shares (1,428,577 shares as of the date of filing)
Refer to Item 4 below.
|
|
7 Sole Dispositive Power
0 shares
|
|
8 Shared Dispositive Power
1,200,000 shares (1,428,577 shares as of the date of filing)
Refer to Item 4 below.
|
|
9
|
Aggregate Amount Beneficially Owned by Each Reporting Person
1,200,000 shares (1,428,577 shares as of the date of filing)
Refer to Item 4 below.
|
|
10
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
[ ] N/A
|
|
11
|
Percent of Class Represented by Amount in Row (9)*
5.27% (5.33% as of the date of filing)
Refer to Item 4 below.
|
|
12
|
Type of Reporting Person (See Instructions)
IN (Individual)
|
Item 1.
|
|
(a)
|
Name of Issuer
|
|
|
|
|
|
|
|
NextCure, Inc.
|
|
|
(b)
|
Address of Issuer’s Principal Executive Offices
|
|
|
|
9000 Virginia Manor Road, Suite 200
Beltsville, Maryland 20705
|
Item 2.
|
|
(a)
|
Name of Person Filing
|
|
|
|
|
|
|
|
Cormorant Global Healthcare Master Fund, LP
Cormorant Global Healthcare GP, LLC
Cormorant Asset Management, LP
Bihua Chen
|
|
|
(b)
|
Address of Principal Business Office or, if none, Residence
|
|
|
|
|
|
|
|
200 Clarendon Street, 52nd Floor
Boston, MA 02116
|
|
|
(c)
|
Citizenship
|
|
|
|
Cormorant Global Healthcare Master Fund, LP - Cayman Islands
Cormorant Global Healthcare GP, LLC - Delaware
Cormorant Asset Management, LP - Delaware
Bihua Chen - United States
|
|
|
(d)
|
Title of Class of Securities
|
|
|
|
|
|
|
|
Common Stock
|
|
|
(e)
|
CUSIP Number
|
|
|
|
65343E108
|
|
Item 3.
|
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
|
|
|
(a)
|
[ ]
|
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
|
|
|
(b)
|
[ ]
|
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
|
|
|
(c)
|
[ ]
|
Insurance Company as defined in Section 3(a)(19) of the Act
|
|
|
(d)
|
[ ]
|
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
|
|
|
(e)
|
[ ]
|
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
|
|
|
(f)
|
[ ]
|
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
|
|
|
(g)
|
[ ]
|
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
|
|
|
(h)
|
[ ]
|
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
|
|
|
(i)
|
[ ]
|
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
|
|
|
(j)
|
[ ]
|
A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);
|
|
|
(k)
|
[ ]
|
Group, in accordance with §240.13d-1(b)(1)(ii)(K).
|
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
|
|
(a)
|
Amount Beneficially Owned***
|
|
|
|
Cormorant Global Healthcare Master Fund, LP – 1,126,211 shares (1,339,314 shares as of the date of filing)
Cormorant Global Healthcare GP, LLC – 1,126,211 shares (1,339,314 shares as of the date of filing)
Cormorant Asset Management, LP – 1,200,000 shares (1,428,577 shares as of the date of filing)
Bihua Chen – 1,200,000 shares (1,428,577 shares as of the date of filing)
|
|
|
|
|
|
|
(b)
|
Percent of Class
|
|
|
|
Cormorant Global Healthcare Master Fund, LP – 4.95% (4.99% as of the date of filing)
Cormorant Global Healthcare GP, LLC – 4.95% (4.99% as of the date of filing)
Cormorant Asset Management, LP – 5.27% (5.33% as of the date of filing)
Bihua Chen – 5.27% (5.33% as of the date of filing)
|
|
|
(c)
|
Number of shares as to which such person has:
|
|
|
|
(i)
|
sole power to vote or to direct the vote
|
|
|
|
|
Cormorant Global Healthcare Master Fund, LP - 0 shares
Cormorant Global Healthcare GP, LLC - 0 shares
Cormorant Asset Management, LP - 0 shares
Bihua Chen - 0 shares
|
|
|
|
(ii)
|
shared power to vote or to direct the vote
|
|
|
|
|
Cormorant Global Healthcare Master Fund, LP – 1,126,211 shares (1,339,314 shares as of the date of filing)
Cormorant Global Healthcare GP, LLC – 1,126,211 shares (1,339,314 shares as of the date of filing)
Cormorant Asset Management, LP – 1,200,000 shares (1,428,577 shares as of the date of filing)
Bihua Chen – 1,200,000 shares (1,428,577 shares as of the date of filing)
|
|
|
|
(iii)
|
sole power to dispose or to direct the disposition of
|
|
|
|
|
Cormorant Global Healthcare Master Fund, LP - 0 shares
Cormorant Global Healthcare GP, LLC - 0 shares
Cormorant Asset Management, LP - 0 shares
Bihua Chen - 0 shares
|
|
|
|
(iv)
|
shared power to dispose or to direct the disposition of
|
|
|
|
|
Cormorant Global Healthcare Master Fund, LP – 1,126,211 shares (1,339,314 shares as of the date of filing)
Cormorant Global Healthcare GP, LLC – 1,126,211 shares (1,339,314 shares as of the date of filing)
Cormorant Asset Management, LP – 1,200,000 shares (1,428,577 shares as of the date of filing)
Bihua Chen – 1,200,000 shares (1,428,577 shares as of the date of filing)
|
*** Shares reported herein for Cormorant Asset Management, LP represent shares which are beneficially by Cormorant Global Healthcare Master Fund, LP (the “Master
Fund”), as reported herein, and a managed account (the “Account”). Cormorant Global Healthcare GP, LLC serves as the general partner of the Master Fund. Cormorant Asset Management, LP serves as the investment manager to the Master Fund and the
Account. Bihua Chen serves as the managing member of Cormorant Global Healthcare GP, LLC and the general partner of Cormorant Asset Management, LP. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except
to the extent of its or his pecuniary interest therein.
The percentages reported herein with respect to the Reporting Persons' holdings as of November 6, 2019 are calculated based upon there being 22,753,960 shares of
Common Stock issued and outstanding as of November 8, 2019, as reported in the Issuer’s Form 10-Q for the quarter ended September 30, 2019, as filed with the Securities and Exchange Commission on November 12, 2019.
The percentages reported herein with respect to the Reporting Persons' holdings as of the date of filing are calculated based upon a statement in the Issuer's
Prospectus dated November 14, 2019, as filed with the Securities and Exchange Commission on November 18, 2019, that there would be 26,816,537 shares of common stock of the Issuer outstanding
immediately after public offering to which the Prospectus related.
|
Item 5.
|
Ownership of Five Percent or Less of a Class
|
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent
of the class of securities, check the following [ ].
|
Item 6.
|
Ownership of More than Five Percent on Behalf of Another Person
|
Not applicable.
|
Item 7.
|
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
|
Not applicable.
|
Item 8.
|
Identification and Classification of Members of the Group
|
Not applicable.
|
Item 9.
|
Notice of Dissolution of Group
|
Not applicable.
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or
with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
|
Exhibits
|
Exhibit
|
|
|
|
99.1
|
Joint Filing Agreement by and among the Reporting Persons.
|
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct.
November 18, 2019
|
|
CORMORANT GLOBAL HEALTHCARE MASTER FUND, LP
|
|
|
By: Cormorant Global Healthcare GP, LLC
|
|
|
its General Partner
|
|
|
|
|
|
By: /s/ Bihua Chen
|
|
|
Bihua Chen, Managing Member
|
|
|
|
|
|
CORMORANT GLOBAL HEALTHCARE GP, LLC
|
|
|
|
|
|
By: /s/ Bihua Chen
|
|
|
Bihua Chen, Managing Member
|
|
|
|
|
|
CORMORANT ASSET MANAGEMENT, LP
|
|
|
By: Cormorant Asset Management GP, LLC
|
|
|
its General Partner
|
|
|
|
|
|
By: /s/ Bihua Chen
|
|
|
Bihua Chen, Managing Member
|
|
|
|
|
|
/s/ Bihua Chen
|
|
|
Bihua Chen
|
|
