<?xml version="1.0"?>
<informationTable xsi:schemaLocation="http://www.sec.gov/edgar/document/thirteenf/informationtable eis_13FDocument.xsd"
	xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable"
	xmlns:n1="http://www.sec.gov/edgar/document/thirteenf/informationtable"
	xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
	<infoTable>
		<nameOfIssuer>4D MOLECULAR THERAPEUTICS IN</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>35104E100</cusip>
		<value>1045429</value>
		<shrsOrPrnAmt>
			<sshPrnamt>112291</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>112291</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ADAGIO MED HLDGS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00534B100</cusip>
		<value>21211</value>
		<shrsOrPrnAmt>
			<sshPrnamt>18444</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>18444</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALPHA COGNITION INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>02074J501</cusip>
		<value>14065106</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2561950</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2561950</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALUMIS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>022307102</cusip>
		<value>12116500</value>
		<shrsOrPrnAmt>
			<sshPrnamt>550000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>550000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ANNEXON INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>03589W102</cusip>
		<value>12917956</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2331761</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2331761</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>APOGEE THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>03770N101</cusip>
		<value>32826300</value>
		<shrsOrPrnAmt>
			<sshPrnamt>390000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>390000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ASSERTIO HOLDINGS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>04546C304</cusip>
		<value>5064375</value>
		<shrsOrPrnAmt>
			<sshPrnamt>265707</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>265707</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ATEA PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>04683R106</cusip>
		<value>1735588</value>
		<shrsOrPrnAmt>
			<sshPrnamt>322600</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>322600</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BIODESIX INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>09075X207</cusip>
		<value>3451682</value>
		<shrsOrPrnAmt>
			<sshPrnamt>238047</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>238047</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BRIDGEBIO ONCOLOGY THERAPEUT</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>107924102</cusip>
		<value>476874</value>
		<shrsOrPrnAmt>
			<sshPrnamt>53282</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>53282</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CABALETTA BIO INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>12674W109</cusip>
		<value>3712200</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1380000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1380000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CG ONCOLOGY INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>156944100</cusip>
		<value>6416064</value>
		<shrsOrPrnAmt>
			<sshPrnamt>94800</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>94800</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CODEXIS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>192005106</cusip>
		<value>11059550</value>
		<shrsOrPrnAmt>
			<sshPrnamt>6785000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>6785000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CRESCENT BIOPHARMA INC.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>G2545C104</cusip>
		<value>24112738</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1312615</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1312615</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DISC MEDICINE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>254604101</cusip>
		<value>26918740</value>
		<shrsOrPrnAmt>
			<sshPrnamt>421000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>421000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>EDGEWISE THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>28036F105</cusip>
		<value>15750000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>500000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>EDITAS MEDICINE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>28106W103</cusip>
		<value>4759683</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1926997</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1926997</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ENANTA PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>29251M106</cusip>
		<value>1578750</value>
		<shrsOrPrnAmt>
			<sshPrnamt>125000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>125000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ETON PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>29772L108</cusip>
		<value>70584800</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2860000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2860000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FORTRESS BIOTECH INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>34960Q307</cusip>
		<value>2907180</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1042000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1042000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>HARROW INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>415858109</cusip>
		<value>99864430</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2832230</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2832230</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INTELLIA THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>45826J105</cusip>
		<value>3140900</value>
		<shrsOrPrnAmt>
			<sshPrnamt>245000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>245000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>JADE BIOSCIENCES INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>008064206</cusip>
		<value>6007892</value>
		<shrsOrPrnAmt>
			<sshPrnamt>427608</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>427608</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>JOURNEY MED CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>48115J109</cusip>
		<value>4502400</value>
		<shrsOrPrnAmt>
			<sshPrnamt>960000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>960000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>LB PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM SHS</titleOfClass>
		<cusip>50180M108</cusip>
		<value>357718</value>
		<shrsOrPrnAmt>
			<sshPrnamt>14506</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>14506</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>LIQUIDIA CORPORATION</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>53635D202</cusip>
		<value>88820500</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2545000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2545000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>LYELL IMMUNOPHARMA INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>55083R203</cusip>
		<value>1586686</value>
		<shrsOrPrnAmt>
			<sshPrnamt>79097</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>79097</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MBX BIOSCIENCES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>55287L101</cusip>
		<value>7761000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>260000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>260000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MEIRAGTX HLDGS PLC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>G59665102</cusip>
		<value>18387423</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2123259</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2123259</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>NEXTCURE INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>65343E207</cusip>
		<value>1507813</value>
		<shrsOrPrnAmt>
			<sshPrnamt>141181</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>141181</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>OCULAR THERAPEUTIX INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>67576A100</cusip>
		<value>5082000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>600000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>600000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>OPUS GENETICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>67577R102</cusip>
		<value>2251200</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1120000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1120000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PERSPECTIVE THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>46489V302</cusip>
		<value>19494750</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4675000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>4675000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PERSPECTIVE THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>CALL</titleOfClass>
		<cusip>46489V902</cusip>
		<value>834000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>200000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>200000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PROTAGONIST THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>74366E102</cusip>
		<value>10540000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>100000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>100000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PROTALIX BIOTHERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>74365A309</cusip>
		<value>737800</value>
		<shrsOrPrnAmt>
			<sshPrnamt>340000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>340000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>Q32 BIO INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>746964105</cusip>
		<value>8064984</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1256228</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1256228</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>RELMADA THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>75955J402</cusip>
		<value>6507600</value>
		<shrsOrPrnAmt>
			<sshPrnamt>935000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>935000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>REVOLUTION MEDICINES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>76155X100</cusip>
		<value>9725000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>100000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>100000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>REZOLUTE INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>76200L309</cusip>
		<value>19215000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>6300000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>6300000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>RHYTHM PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>76243J105</cusip>
		<value>35323200</value>
		<shrsOrPrnAmt>
			<sshPrnamt>123000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>123000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>RIGEL PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>766559702</cusip>
		<value>1892800</value>
		<shrsOrPrnAmt>
			<sshPrnamt>70000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>70000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ROCKET PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>77313F106</cusip>
		<value>3418900</value>
		<shrsOrPrnAmt>
			<sshPrnamt>955000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>955000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SANUWAVE HEALTH INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>80303D305</cusip>
		<value>16966106</value>
		<shrsOrPrnAmt>
			<sshPrnamt>981267</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>981267</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SOL-GEL TECHNOLOGIES LTD</nameOfIssuer>
		<titleOfClass>SHS NEW</titleOfClass>
		<cusip>M8694L137</cusip>
		<value>39610000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>500000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>STOKE THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>86150R107</cusip>
		<value>22792000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>700000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>700000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SUTRO BIOPHARMA INC</nameOfIssuer>
		<titleOfClass>COM SHS</titleOfClass>
		<cusip>869367201</cusip>
		<value>4749615</value>
		<shrsOrPrnAmt>
			<sshPrnamt>190671</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>190671</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TECTONIC THERAPEUTIC INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>878972108</cusip>
		<value>3801930</value>
		<shrsOrPrnAmt>
			<sshPrnamt>123000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>123000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TG THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>88322Q108</cusip>
		<value>17772700</value>
		<shrsOrPrnAmt>
			<sshPrnamt>535000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>535000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TREVI THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>89532M101</cusip>
		<value>4117043</value>
		<shrsOrPrnAmt>
			<sshPrnamt>345100</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>345100</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>UROGEN PHARMA LTD</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>M96088105</cusip>
		<value>25711400</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1430000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1430000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VOYAGER THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>92915B106</cusip>
		<value>4439000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1150000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1150000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>XOMA ROYALTY CORPORATION</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>98419J206</cusip>
		<value>9411000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>300000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>300000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ZENTALIS PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>98943L107</cusip>
		<value>3305615</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1412656</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1412656</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
</informationTable>
