# EDGAR Filing Document

**Accession Number:** 0001778253
**File Stem:** 0001420506-25-001624
**Filing Date:** 2025-7
**Character Count:** 25190
**Document Hash:** 89243503a2d2ac72032351a3ac97f3e5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-25-001624.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001420506-25-001624

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250730

**EFFECTIVENESS DATE**: 20250730

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ikarian Capital, LLC
- **CENTRAL INDEX KEY:** 0001778253

**ORGANIZATION NAME:**
- **EIN:** 473466768
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19721
- **FILM NUMBER:** 251167637

**BUSINESS ADDRESS:**
- **STREET 1:** 100 CRESCENT COURT
- **STREET 2:** SUITE 1620
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 214-364-2883

**MAIL ADDRESS:**
- **STREET 1:** 100 CRESCENT COURT
- **STREET 2:** SUITE 1620
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001778253

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Ikarian Capital, LLC

**Address:** 100 CRESCENT COURT, DALLAS, TX 75201

**Telephone number:** (214) 276-0670

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-19721

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                                    | CUSIP     | MEETING DATE   | VOTE DESCRIPTION   | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| 4D MOLECULAR THERAPEUTICS, INC.                   | 35104E100 | 06/17/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| 89BIO, INC.                                       | 282559103 | 05/28/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| ABEONA THERAPEUTICS INC.                          | 00289Y206 | 05/19/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| ACLARIS THERAPEUTICS, INC.                        | 00461U105 | 06/05/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| AKERO THERAPEUTICS, INC                           | 00973Y108 | 06/03/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| ALECTOR, INC.                                     | 014442107 | 06/11/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| ALNYLAM PHARMACEUTICALS, INC                      | 02043Q107 | 05/08/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| APELLIS PHARMACEUTICALS INC.                      | 03753U106 | 06/03/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| ARCTURUS THERAPEUTICS HOLDINGS INC.               | 03969T109 | 06/06/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| ARCUS BIOSCIENCES, INC.                           | 03969F109 | 06/10/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| ARVINAS, INC.                                     | 04335A105 | 06/25/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| AVALO THERAPEUTICS INC                            | 05338F306 | 06/17/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| BAYER AG                                          | 072730302 | 04/25/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| BEONE MEDICINES LTD (FKA BEIGENE LTD)             | 07725L102 | 05/21/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| BIOGEN INC.                                       | 09062X103 | 06/17/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| BIOHAVEN LTD                                      | G1110E107 | 05/05/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| BLUEPRINT MEDICINES CORPORATION                   | 09627Y109 | 06/18/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| BRAINSTORM CELL THERAPEUTICS INC.                 | 10501E201 | 09/16/2024     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| BRIDGEBIO PHARMA, INC.                            | 10806X102 | 06/20/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| CARTESIAN THERAPEUTICS, INC.                      | 816212302 | 06/13/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| CATALYST PHARMACEUTICALS, INC.                    | 14888U101 | 05/20/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| CHEMOMAB THERAPEUTICS LTD.                        | 16385C104 | 11/18/2024     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| CIDARA THERAPEUTICS, INC.                         | 171757206 | 06/18/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| COMPASS PATHWAYS PLC                              | 20451W101 | 06/12/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| CRINETICS PHARMACEUTICALS INC.                    | 22663K107 | 06/11/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| CYTOKINETICS, INCORPORATED                        | 23282W605 | 05/14/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| CYTOMX THERAPEUTICS, INC.                         | 23284F105 | 06/11/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| DELCATH SYSTEMS, INC.                             | 24661P807 | 05/15/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| DENALI THERAPEUTICS INC.                          | 24823R105 | 06/03/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| DYNE THERAPEUTICS, INC.                           | 26818M108 | 05/30/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| ENVERIC BIOSCIENCES, INC.                         | 29405E406 | 05/29/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| EVOLUS, INC.                                      | 30052C107 | 06/05/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| FULCRUM THERAPEUTICS INC                          | 359616109 | 06/26/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| GERON CORPORATION                                 | 374163103 | 05/21/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| CRESCENT BIOPHARMA, INC (FKA GLYCOMIMETICS, INC.) | 38000Q102 | 06/05/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| IBIO, INC                                         | 451033708 | 11/21/2024     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| INSMED INCORPORATED                               | 457669307 | 05/15/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| JANUX THERAPEUTICS, INC.                          | 47103J105 | 06/11/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| KARYOPHARM THERAPEUTICS INC                       | 48576U205 | 05/28/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| KEROS THERAPEUTICS, INC                           | 492327101 | 06/04/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| KEZAR LIFE SCIENCES, INC                          | 49372L209 | 06/17/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| KODIAK SCIENCES INC.                              | 50015M109 | 06/02/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| LARIMAR THERAPEUTICS, INC.                        | 517125100 | 05/13/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| LEXICON PHARMACEUTICALS, INC                      | 528872302 | 06/02/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| LYELL IMMUNOPHARMA, INC.                          | 55083R104 | 05/15/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| MACROGENICS, INC.                                 | 556099109 | 05/21/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| MONOPAR THERAPEUTICS, INC.                        | 61023L207 | 06/17/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| NEKTAR THERAPEUTICS                               | 640268108 | 05/23/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| NEURONETICS, INC.                                 | 64131A105 | 05/22/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| NEWAMSTERDAM PHARMA COMPANY N.V.                  | N62509109 | 06/04/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| NUVATION BIO INC.                                 | 67080N101 | 09/03/2024     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| NUVATION BIO INC.                                 | 67080N101 | 05/21/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| OLEMA PHARMACEUTICALS, INC.                       | 68062P106 | 06/10/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| ORUKA THERAPEUTICS, INC.                          | 687604108 | 06/02/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| PERSPECTIVE THERAPEUTICS, INC                     | 46489V302 | 05/28/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| PRAXIS PRECISION MEDICINES, INC.                  | 74006W207 | 06/26/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| QUOIN PHARMACEUTICALS LTD                         | 74907L300 | 12/05/2024     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| RELAY THERAPEUTICS, INC.                          | 75943R102 | 06/06/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| ROCKET PHARMACEUTICALS, INC.                      | 77313F106 | 06/18/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| ROIVANT SCIENCES LTD                              | G76279101 | 09/10/2024     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| SANGAMO THERAPEUTICS, INC.                        | 800677106 | 06/12/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| SAREPTA THERAPEUTICS, INC.                        | 803607100 | 06/05/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| SCHOLAR ROCK HOLDING CORPORATION                  | 80706P103 | 05/22/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| SILENCE THERAPEUTICS PLC                          | 82686Q101 | 06/26/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| SOLID BIOSCIENCES INC.                            | 83422E204 | 06/12/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| SPRINGWORKS THERAPEUTICS INC                      | 85205L107 | 05/14/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| STOKE THERAPEUTICS, INC.                          | 86150R107 | 06/03/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| STRUCTURE THERAPEUTICS, INC.                      | 86366E106 | 06/23/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| SYNLOGIC, INC.                                    | 87166L209 | 12/04/2024     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| TARSUS PHARMACEUTICALS, INC.                      | 87650L103 | 06/12/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| TECTONIC THERAPEUTIC, INC                         | 878972108 | 06/06/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| TELADOC HEALTH, INC.                              | 87918A105 | 05/22/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| TG THERAPEUTICS, INC.                             | 88322Q108 | 06/12/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| TREVI THERAPEUTICS INC                            | 89532M101 | 06/11/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| ULTRAGENYX PHARMACEUTICAL INC.                    | 90400D108 | 05/15/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| UNIQURE N.V.                                      | N90064101 | 06/11/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| VAXCYTE, INC.                                     | 92243G108 | 06/12/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| VENTYX BIOSCIENCES, INC.                          | 92332V107 | 06/04/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| VERONA PHARMA PLC                                 | 925050106 | 04/24/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| VERVE THERAPEUTICS, INC.                          | 92539P101 | 06/05/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| VIKING THERAPEUTICS INC                           | 92686J106 | 05/20/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| VIR BIOTECHNOLOGY, INC.                           | 92764N102 | 05/29/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| VIRIDIAN THERAPEUTICS, INC.                       | 92790C104 | 06/20/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| VOYAGER THERAPEUTICS, INC.                        | 92915B106 | 06/03/2025     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |
| WAVE LIFE SCIENCES LTD.                           | Y95308105 | 08/06/2024     | Say on pay         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | ABSTAIN     |                                        0 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Ikarian Capital, LLC

**By (Signature):** TROY WUERTZ

**By (Printed Signature):** TROY WUERTZ

**By (Title):** CHIEF COMPLIANCE OFFICER

**Date:** 07/30/2025