<?xml version="1.0" encoding="UTF-8"?>
<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>89BIO INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>282559103</cusip>
		<value>20004194</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2037087</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2037087</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AARDVARK THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>002942100</cusip>
		<value>3877631</value>
		<shrsOrPrnAmt>
			<sshPrnamt>286807</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>286807</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ABEONA THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>00289Y206</cusip>
		<value>5213661</value>
		<shrsOrPrnAmt>
			<sshPrnamt>917898</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>917898</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AKERO THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00973Y108</cusip>
		<value>38088955</value>
		<shrsOrPrnAmt>
			<sshPrnamt>713811</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>713811</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AKERO THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>CALL</titleOfClass>
		<cusip>00973Y908</cusip>
		<value>1334000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>25000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>25000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ASCENDIS PHARMA A/S</nameOfIssuer>
		<titleOfClass>SPONSORED ADR</titleOfClass>
		<cusip>04351P101</cusip>
		<value>14938875</value>
		<shrsOrPrnAmt>
			<sshPrnamt>86552</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>86552</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AVIDITY BIOSCIENCES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>05370A108</cusip>
		<value>11644000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>410000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>410000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BENITEC BIOPHARMA INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>08205P209</cusip>
		<value>2962838</value>
		<shrsOrPrnAmt>
			<sshPrnamt>253234</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>253234</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BIODESIX INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>09075X108</cusip>
		<value>302058</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1070367</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1070367</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CAPRICOR THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>PUT</titleOfClass>
		<cusip>14070B959</cusip>
		<value>1436871</value>
		<shrsOrPrnAmt>
			<sshPrnamt>144700</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>144700</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CELLDEX THERAPEUTICS INC NEW</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>15117B202</cusip>
		<value>4038274</value>
		<shrsOrPrnAmt>
			<sshPrnamt>198441</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>198441</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CENTESSA PHARMACEUTICALS PLC</nameOfIssuer>
		<titleOfClass>SPONSORED ADS</titleOfClass>
		<cusip>152309100</cusip>
		<value>65700</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>5000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CERUS CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>157085101</cusip>
		<value>3508490</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2488291</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2488291</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CG ONCOLOGY INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>156944100</cusip>
		<value>14066884</value>
		<shrsOrPrnAmt>
			<sshPrnamt>541034</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>541034</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CIDARA THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>171757206</cusip>
		<value>5063064</value>
		<shrsOrPrnAmt>
			<sshPrnamt>103943</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>103943</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>COGENT COMMUNICATIONS HLDGS</nameOfIssuer>
		<titleOfClass>CALL</titleOfClass>
		<cusip>19239V902</cusip>
		<value>3590000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>500000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>COMPASS THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>20454B104</cusip>
		<value>3249431</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1249781</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1249781</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>COMPUGEN LTD</nameOfIssuer>
		<titleOfClass>ORD</titleOfClass>
		<cusip>M25722105</cusip>
		<value>5400305</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3033879</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>3033879</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DELCATH SYS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>24661P807</cusip>
		<value>1401154</value>
		<shrsOrPrnAmt>
			<sshPrnamt>103026</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>103026</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DIANTHUS THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>252828108</cusip>
		<value>1784866</value>
		<shrsOrPrnAmt>
			<sshPrnamt>95806</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>95806</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ELUTIA INC</nameOfIssuer>
		<titleOfClass>CL A COM</titleOfClass>
		<cusip>05479K106</cusip>
		<value>5468134</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2761684</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2761684</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ENLIVEN THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>29337E102</cusip>
		<value>200600</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>10000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ERASCA INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>29479A108</cusip>
		<value>3263381</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2569591</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2569591</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FRACTYL HEALTH INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>35168W103</cusip>
		<value>328196</value>
		<shrsOrPrnAmt>
			<sshPrnamt>202590</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>202590</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GOSSAMER BIO INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>38341P102</cusip>
		<value>6330542</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5146782</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>5146782</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>HELIX ACQUISITION CORP II</nameOfIssuer>
		<titleOfClass>CL A ORD SHS</titleOfClass>
		<cusip>G4444H101</cusip>
		<value>6514234</value>
		<shrsOrPrnAmt>
			<sshPrnamt>613393</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>613393</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>HIMS &amp; HERS HEALTH INC</nameOfIssuer>
		<titleOfClass>PUT</titleOfClass>
		<cusip>433000956</cusip>
		<value>2492500</value>
		<shrsOrPrnAmt>
			<sshPrnamt>50000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>50000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INSMED INC</nameOfIssuer>
		<titleOfClass>COM PAR $.01</titleOfClass>
		<cusip>457669307</cusip>
		<value>25065398</value>
		<shrsOrPrnAmt>
			<sshPrnamt>249060</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>249060</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>KALVISTA PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>483497103</cusip>
		<value>20712693</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1832171</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1832171</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>KINIKSA PHARMACEUTICALS INTL</nameOfIssuer>
		<titleOfClass>ORD SHS CL A</titleOfClass>
		<cusip>G52694109</cusip>
		<value>2101786</value>
		<shrsOrPrnAmt>
			<sshPrnamt>75959</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>75959</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>KODIAK SCIENCES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>50015M109</cusip>
		<value>1497744</value>
		<shrsOrPrnAmt>
			<sshPrnamt>401540</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>401540</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MERSANA THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>59045L106</cusip>
		<value>926013</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3128421</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>3128421</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MERUS N V</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>N5749R100</cusip>
		<value>39027727</value>
		<shrsOrPrnAmt>
			<sshPrnamt>741972</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>741972</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MERUS N V</nameOfIssuer>
		<titleOfClass>CALL</titleOfClass>
		<cusip>N5749R900</cusip>
		<value>20119500</value>
		<shrsOrPrnAmt>
			<sshPrnamt>382500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>382500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>METSERA INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>59267L107</cusip>
		<value>5905679</value>
		<shrsOrPrnAmt>
			<sshPrnamt>207581</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>207581</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MINERALYS THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>603170101</cusip>
		<value>1559765</value>
		<shrsOrPrnAmt>
			<sshPrnamt>115282</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>115282</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MODULAR MED INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>60785L207</cusip>
		<value>529220</value>
		<shrsOrPrnAmt>
			<sshPrnamt>710363</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>710363</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MOONLAKE IMMUNOTHERAPEUTICS</nameOfIssuer>
		<titleOfClass>CLASS A ORD</titleOfClass>
		<cusip>61559X104</cusip>
		<value>3871486</value>
		<shrsOrPrnAmt>
			<sshPrnamt>82023</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>82023</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>NEKTAR THERAPEUTICS</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>640268306</cusip>
		<value>8941</value>
		<shrsOrPrnAmt>
			<sshPrnamt>346</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>346</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>NEUROCRINE BIOSCIENCES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>64125C109</cusip>
		<value>20483574</value>
		<shrsOrPrnAmt>
			<sshPrnamt>162969</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>162969</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>NUVALENT INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>670703107</cusip>
		<value>17974983</value>
		<shrsOrPrnAmt>
			<sshPrnamt>235583</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>235583</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>NUVALENT INC</nameOfIssuer>
		<titleOfClass>CALL</titleOfClass>
		<cusip>670703907</cusip>
		<value>7645260</value>
		<shrsOrPrnAmt>
			<sshPrnamt>100200</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>100200</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ORIC PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>68622P109</cusip>
		<value>18278414</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1800829</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1800829</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ORUKA THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>687604108</cusip>
		<value>1854011</value>
		<shrsOrPrnAmt>
			<sshPrnamt>165389</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>165389</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PFIZER INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>717081103</cusip>
		<value>8346753</value>
		<shrsOrPrnAmt>
			<sshPrnamt>344338</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>344338</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PRAXIS PRECISION MEDICINES I</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>74006W207</cusip>
		<value>420500</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>10000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>RADIOPHARM THERANOSTICS LTD</nameOfIssuer>
		<titleOfClass>SPONSORED ADS</titleOfClass>
		<cusip>75041J101</cusip>
		<value>869564</value>
		<shrsOrPrnAmt>
			<sshPrnamt>187406</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>187406</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>RHYTHM PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>76243J105</cusip>
		<value>25324783</value>
		<shrsOrPrnAmt>
			<sshPrnamt>400772</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>400772</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ROCKET PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>*W EXP 09/02/202</titleOfClass>
		<cusip>77313F114</cusip>
		<value>3019</value>
		<shrsOrPrnAmt>
			<sshPrnamt>104828</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>104828</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SAGIMET BIOSCIENCES INC</nameOfIssuer>
		<titleOfClass>COM SER A</titleOfClass>
		<cusip>786700104</cusip>
		<value>286047</value>
		<shrsOrPrnAmt>
			<sshPrnamt>37539</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>37539</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SCHOLAR ROCK HLDG CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>80706P103</cusip>
		<value>12078574</value>
		<shrsOrPrnAmt>
			<sshPrnamt>341010</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>341010</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SIONNA THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>829401108</cusip>
		<value>3227360</value>
		<shrsOrPrnAmt>
			<sshPrnamt>186015</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>186015</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SOLENO THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>834203309</cusip>
		<value>17140634</value>
		<shrsOrPrnAmt>
			<sshPrnamt>204591</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>204591</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer>
		<titleOfClass>CALL</titleOfClass>
		<cusip>78464A900</cusip>
		<value>16586000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>200000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>200000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>STRUCTURE THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>SPONSORED ADS</titleOfClass>
		<cusip>86366E106</cusip>
		<value>3642691</value>
		<shrsOrPrnAmt>
			<sshPrnamt>175636</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>175636</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SYNDAX PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>87164F105</cusip>
		<value>3773758</value>
		<shrsOrPrnAmt>
			<sshPrnamt>402964</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>402964</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SYNDAX PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>CALL</titleOfClass>
		<cusip>87164F905</cusip>
		<value>468000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>50000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>50000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TELA BIO INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>872381108</cusip>
		<value>5392802</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2779795</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2779795</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TOURMALINE BIO INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>89157D105</cusip>
		<value>1747019</value>
		<shrsOrPrnAmt>
			<sshPrnamt>109257</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>109257</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TREVI THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>89532M101</cusip>
		<value>2951541</value>
		<shrsOrPrnAmt>
			<sshPrnamt>539587</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>539587</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>UNIQURE NV</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>N90064101</cusip>
		<value>2823756</value>
		<shrsOrPrnAmt>
			<sshPrnamt>202565</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>202565</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>UROGEN PHARMA LTD</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>M96088105</cusip>
		<value>27708003</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2022482</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2022482</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VAXCYTE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>92243G108</cusip>
		<value>9356248</value>
		<shrsOrPrnAmt>
			<sshPrnamt>287796</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>287796</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VERACYTE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>92337F107</cusip>
		<value>12122820</value>
		<shrsOrPrnAmt>
			<sshPrnamt>448495</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>448495</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VERONA PHARMA PLC</nameOfIssuer>
		<titleOfClass>SPONSORED ADS</titleOfClass>
		<cusip>925050106</cusip>
		<value>33887730</value>
		<shrsOrPrnAmt>
			<sshPrnamt>358297</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>358297</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
</informationTable>
