Perceptive Posts Biggest Loss in Its History

Joseph Edelman’s life sciences firm suffered a rare major setback last year.

 Asim Hafeez/Bloomberg

Asim Hafeez/Bloomberg

Perceptive Advisors had a rough 2021.

The life sciences and biopharma specialist’s main hedge fund, Perceptive Life Sciences Fund, suffered its worst loss in its 23-year history, dropping nearly 28 percent for the year.

Meanwhile, the initial public offering of a company essentially created by Perceptive has so far been a disaster.

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