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
ADAMAS PHARMACEUTICALS INC COM 004449104 4,542 300,000 SH   SOLE   300,000 0 0
ADAPTIMMUNE THERAPEUTICS PLC COM 00461U105 326 40,000 SH   SOLE   40,000 0 0
AFFIMED NV COM 00548A106 1,476 595,000 SH   SOLE   595,000 0 0
AGIOS PHARMACEUTICALS COM 00653A107 3,561 85,000 SH   SOLE   85,000 0 0
AMAG PHARMACEUTICALS INC COM N01045108 2,870 120,000 SH   SOLE   120,000 0 0
AMARIN CORP PLC COM 00847X104 3,802 1,760,000 SH   SOLE   1,760,000 0 0
AQUINOX PHARMACEUTICALS INC COM 00163U106 1,953 295,000 SH   SOLE   295,000 0 0
ARIAD PHARMACEUTICALS INC COM 023111206 9,238 1,250,000 SH   SOLE   1,250,000 0 0
AURIS MEDICAL HOLDINGS AG COM 04033A100 1,425 340,000 SH   SOLE   340,000 0 0
AXOGEN INC COM H03579101 14,586 2,120,000 SH   SOLE   2,120,000 0 0
BIOLINERX LTD COM 05463X106 223 250,000 SH   SOLE   250,000 0 0
BLUEPRINT MEDICINES COM 09071M106 5,063 250,000 SH   SOLE   250,000 0 0
CARA THERAPEUTICS COM 09627Y109 4,016 835,000 SH   SOLE   835,000 0 0
CHIMERIX INC COM 140755109 2,653 675,000 SH   SOLE   675,000 0 0
CIDARA COM 16706W102 443 43,000 SH   SOLE   43,000 0 0
CODEXIS INC COM 16934W106 4,749 1,178,500 SH   SOLE   1,178,500 0 0
CORIUM INTERNATIONAL INC COM 192005106 1,249 360,000 SH   SOLE   360,000 0 0
CYNAPSUS THERAPEUTICS INC COM 21887L107 2,094 125,000 SH   SOLE   125,000 0 0
CYTOMX THERAPEUTICS INC COM 23257Y859 1,634 160,000 SH   SOLE   160,000 0 0
EAGLE PHARMACEUTICALS INC COM 838828509 1,940 50,000 SH   SOLE   50,000 0 0
EDGE THERAPEUTICS INC COM 249908104 2,281 225,600 SH   SOLE   225,600 0 0
EVOKE PHARMA COM 269796108 891 130,000 SH   SOLE   130,000 0 0
FIBROGEN INC COM 279870109 5,415 330,000 SH   SOLE   330,000 0 0
FOAMIX PHARMACEUTICALS LTD COM 30049G104 4,413 695,000 SH   SOLE   695,000 0 0
GLOBAL BLOOD THERAPEUTICS IN COM 31572Q808 2,522 152,000 SH   SOLE   152,000 0 0
HORIZON PHARMA PLC COM M46135105 3,294 200,000 SH   SOLE   200,000 0 0
IMMUNOMEDICS INC COM 374163103 3,016 1,300,000 SH   SOLE   1,300,000 0 0
IMPRIMIS PHARMACEUTICALS INC COM 452907108 4,766 1,267,500 SH   SOLE   1,267,500 0 0
INNOCOLL HOLDINGS PLC COM 45323A201 1,460 265,000 SH   SOLE   265,000 0 0
INOTEK PHARMACEUTICALS CORP COM 45780VAA0 4,799 645,000 SH   SOLE   645,000 0 0
INTEC PHARMA LTD COM M53644106 2,989 650,000 SH   SOLE   650,000 0 0
LION BIOTECHNOLOGIES INC COM 58436Q203 2,106 260,000 SH   SOLE   260,000 0 0
MACROGENICS INC COM 58501N101 3,023 112,000 SH   SOLE   112,000 0 0
MEDGENICS INC COM 62957M104 10,823 1,950,000 SH   SOLE   1,950,000 0 0
NABRIVA THERAPEUTICS AG COM 640268108 2,025 270,000 SH   SOLE   270,000 0 0
NEURODERM LTD COM M74231107 853 52,500 SH   SOLE   52,500 0 0
OCULAR THERAPEUTIX INC COM 65481J109 1,287 260,000 SH   SOLE   260,000 0 0
PARATEK PHARMACEUTICALS INC COM 67778H200 2,041 146,700 SH   SOLE   146,700 0 0
PROTALIX BIOTHERAPEUTICS INC COM 683745103 5,248 8,200,000 SH   SOLE   8,200,000 0 0
PROTEOSTASIS THERAPEUTICS INC COM 74365AAB7 1,274 105,000 SH   SOLE   105,000 0 0
SERES THERAPEUTICS INC COM 761299106 1,670 57,500 SH   SOLE   57,500 0 0
SUPERNUS PHARMACEUTICALS INC COM 78667J108 2,546 125,000 SH   SOLE   125,000 0 0
TENAX THERAPEUTICS INC COM 868459108 1,190 465,000 SH   SOLE   465,000 0 0
TG THERAPEUTICS INC COM 88032L100 1,061 175,000 SH   SOLE   175,000 0 0
TONIX PHARMACEUTICALS HLDG COM 88322Q108 1,592 800,000 SH   SOLE   800,000 0 0
TRILLIUM THERAPEUTICS INC COM 89620X506 1,751 195,000 SH   SOLE   195,000 0 0
ULTRAGENYX PHARMACEUTICALS COM 90400D108 3,179 65,000 SH   SOLE   65,000 0 0
XENON PHARMACEUTICALS INC COM 98420N105 2,419 410,000 SH   SOLE   410,000 0 0
ZOGENIX INC COM 98419J107 1,932 240,000 SH   SOLE   240,000 0 0