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RTW INVESTMENTS, LP Acquires Significant Stake in Castle Biosciences Inc.
RTW INVESTMENTS, LP has acquired a substantial stake of 2,115,237 shares in Castle Biosciences Inc. at $38.90 per share, making it 7.20% of their holdings. This strategic investment in the molecular diagnostics company reflects RTW’s focus on the healthcare sector and confidence in Castle Biosciences’ growth potential. Despite a recent stock price decrease, the company’s innovation in medical diagnostics and solid financial strength are highlighted.