Fidelity Accumulates 15% Stake In XENOPORT (XNPT)

May 10, 2011 3:40 PM EDT
In a 13G filing on XENOPORT (Nasdaq: XNPT), FMR LLC, the parent of mutual fund giant Fidelity, disclosed a 14.99%, or 5,300,029 share, stake in the company.

The firm held just 564,200 shares at the end of Q4.

XenoPort, Inc., a biopharmaceutical company, focuses on developing internally discovered product candidates that utilize the body’s natural nutrient transport mechanisms to enhance the therapeutic benefits of drugs.


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