Biotechnology Value Fund II Lp bought $8.1M of ELDN

bought $8.08m of ELDN

2,213,816 shares @ $3.65

Increased holdings by +42.60%

20th largest trade (out of 333)

Large TradeCluster BuyPositive 90D History

Part of a cluster of 28 transactions by 10 insiders

Unscheduled trade

67% win rate · +8.0% median edge vs SPY (149 trades, 90-day)

Price 51% above 200-day moving average

Micro Cap stock — higher insider information edge

ELDNEledon Pharmaceuticals, Inc.

HealthcareBiotechnology

1D0.00%

1W+4.50%

1M+15.84%

3M+27.83%

6M—

1Y—

Recent insider activity at ELDN