Finch Trades: Relay Therapeutics (September 25, 2024)

Bottom-Up Insights
  • Trade: I purchased 103.57 shares of Relay Therapeutics at $7.00 per share on September 25, 2024.
  • Portfolio: Personal Brokerage
  • Rationale: My investment thesis for Relay Therapeutics is that motion-based drug design (MBDD) represents a rare step-change in the efficieny of drug development. By raising the probability of success (POS), investors can feel comfortable paying higher premiums for assets and the company as a whole.
  • Holding Period: As long as she'll have me

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This is simply a part of my ongoing, long-term position building for Relay Therapeutics. My long-term goal is to build a position of 10,000 shares or more before the business begins to ramp commercially.

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The Trade

Relay Therapeutics is considered a Growth (Quality) position. I purchased 103.57 shares at $7.00 per share on September 25, 2024.