Ramaswamy Sells $33 Million Roivant Shares as Primaries Approach

Vivek Ramaswamy sold about $33 million worth of shares in his biotech company Roivant Sciences Ltd., continuing to largely fund his presidential campaign with his own money.

The GOP presidential candidate and entrepreneur sold 3 million shares for $11.05 each, according to a regulatory filing dated Tuesday. He still holds 51.9 million shares.

Ramaswamy intends to use some proceeds for a “significant investment” in his campaign, a spokesperson told Axios. The Iowa Republican caucuses are set to begin in less than two weeks.

Ramaswamy last sold $31.8 million worth of Roivant shares in February. He entered the ...