The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACHAOGEN INC COM 004449104 704 255,000 SH   SOLE   255,000 0 0
ACLARIS THERAPEUTICS INC COM 00461U105 341 18,000 SH   SOLE   18,000 0 0
ADAMAS PHARMACEUTICALS INC COM 00548A106 6,064 320,000 SH   SOLE   320,000 0 0
ADAPTIMMUNE THERAPEUTICS PLC SPONDS ADR 00653A107 1,425 175,300 SH   SOLE   175,300 0 0
AFFIMED N V COM N01045108 2,281 610,000 SH   SOLE   610,000 0 0
AGIOS PHARMACEUTICALS INC COM 00847X104 4,263 105,000 SH   SOLE   105,000 0 0
AMAG PHARMACEUTICALS INC COM 00163U106 5,148 220,000 SH   SOLE   220,000 0 0
AMARIN CORP PLC COM 023111206 2,693 1,760,000 SH   SOLE   1,760,000 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 7,988 1,250,000 SH   SOLE   1,250,000 0 0
AURIS MED HLDG AG COM H03579101 1,238 340,000 SH   SOLE   340,000 0 0
AXOGEN INC COM 05463X106 11,363 2,120,000 SH   SOLE   2,120,000 0 0
BIOLINERX LTD SPONSORED ADR 09071M106 255 250,000 SH   SOLE   250,000 0 0
BLUEPRINT MEDICINES CORP COM 09627Y109 3,971 220,000 SH   SOLE   220,000 0 0
CARA THERAPEUTICS INC COM 140755109 5,318 855,000 SH   SOLE   855,000 0 0
CHIASMA INC COM 16706W102 183 20,000 SH   SOLE   20,000 0 0
CHIMERIX INC COM 16934W106 3,449 675,000 SH   SOLE   675,000 0 0
CODEXIS INC COM 192005106 3,665 1,178,500 SH   SOLE   1,178,500 0 0
CORIUM INTL INC COM 21887L107 1,390 360,000 SH   SOLE   360,000 0 0
CYNAPSUS THERAPEUTICS INC COM PAR NO PAR 23257Y859 1,440 121,000 SH   SOLE   121,000 0 0
CYTRX CORP COM PAR $.001 838828509 4,118 1,440,000 SH   SOLE   1,440,000 0 0
DEPOMED INC COM 249908104 4,527 325,000 SH   SOLE   325,000 0 0
EAGLE PHARMACEUTICALS INC COM 269796108 2,430 60,000 SH   SOLE   60,000 0 0
EDGE THERAPEUTICS INC COM 279870109 1,693 185,000 SH   SOLE   185,000 0 0
EVOKE PHARMA COM 30049G104 662 130,000 SH   SOLE   130,000 0 0
FIBROGEN INC COM 31572Q808 6,919 325,000 SH   SOLE   325,000 0 0
FOAMIX PHARMACEUTICALS LTD SHS M46135105 3,847 590,000 SH   SOLE   590,000 0 0
GERON CORP COM 374163103 3,869 1,325,000 SH   SOLE   1,325,000 0 0
IMMUNOMEDICS INC COM 452907108 3,313 1,325,000 SH   SOLE   1,325,000 0 0
IMPRIMIS PHARMACEUTICALS INC COM NEW 45323A201 4,963 1,250,000 SH   SOLE   1,250,000 0 0
INOTEK PHARMACEUTICALS CORP COM 45780VAA0 4,773 645,000 SH   SOLE   645,000 0 0
INTEC PHARMA LTD JERUSALEM SHS M53644106 2,629 638,000 SH   SOLE   638,000 0 0
MEDGENICS INC COM NEW 58436Q203 6,854 1,557,700 SH   SOLE   1,557,700 0 0
MEDIVATION INC COM 58501N101 667 14,500 SH   SOLE   14,500 0 0
NABRIVA THERAPEUTICS AG SPONSORED ADR 62957M104 2,453 273,800 SH   SOLE   273,800 0 0
NEKTAR THERAPEUTICS COM 640268108 688 50,000 SH   SOLE   50,000 0 0
NEURODERM LTD ORD SHS M74231107 544 38,500 SH   SOLE   38,500 0 0
NIVALIS THERAPEUTICS INC COM 65481J109 417 100,000 SH   SOLE   100,000 0 0
OHR PHARMACEUTICAL INC COM NEW 67778H200 1,175 366,000 SH   SOLE   366,000 0 0
OPHTHOTECH CORP COM 683745103 3,382 80,000 SH   SOLE   80,000 0 0
PROTALIX BIOTHERAPEUTICS INC COM 74365AAB7 6,892 8,200,000 SH   SOLE   8,200,000 0 0
PROTEON THERAPEUTICS INC COM 7437IL109 1,161 150,000 SH   SOLE   150,000 0 0
PROTHENA CORP PLC SHS G72800108 576 14,000 SH   SOLE   14,000 0 0
RETROPHIN INC COM 761299106 2,049 150,000 SH   SOLE   150,000 0 0
SAGE THERAPEUTICS INC COM 78667J108 5,290 165,000 SH   SOLE   165,000 0 0
SUPERNUS PHARMACEUTICALS INC COM 868459108 1,906 125,000 SH   SOLE   125,000 0 0
TENAX THERAPEUTICS INC COM 88032L100 1,024 499,600 SH   SOLE   499,600 0 0
TG THERAPEUTICS INC COM 88322Q108 3,536 415,000 SH   SOLE   415,000 0 0
TRILLIUM THERAPEUTICS INC COM NEW 89620X506 1,804 195,000 SH   SOLE   195,000 0 0
ULTRAGENYX PHARMACEUTICAL IN COM 90400D108 6,964 110,000 SH   SOLE   110,000 0 0
XENON PHARMACEUTICALS INC COM 98420N105 2,796 400,000 SH   SOLE   400,000 0 0
XOMA CORP DEL COM 98419J107 1,044 1,350,000 SH   SOLE   1,350,000 0 0
ZOGENIX INC COM NEW 98978L204 2,218 240,000 SH   SOLE   240,000 0 0