Indaba Capital Management

Indaba Capital Management is a San Francisco-based investment management firm and SEC-registered investment adviser focused on event-driven and opportunistic value investing. The firm manages private pooled investment funds and managed accounts, typically investing across public-company equity and debt securities and often taking an activist or engagement-oriented approach with portfolio companies. Indaba is not a biotechnology, pharmaceutical, or healthcare operating company; rather, it is a financial services firm that may invest across sectors, including healthcare when relevant to its investment strategy. For biotech analyst purposes, it should be classified as an investor, not as a drug developer, platform biotech, CRO, CMO, or healthcare services operator.