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
ABBVIE INC COM 00287Y109 1,680 25,000 SH   SOLE   25,000 0 0
AEGERION PHARMACEUTICALS INC COM 00767E102 1,518 80,000 SH   SOLE   80,000 0 0
ALBANY MOLECULAR RESH INC COM 012423109 11,473 567,400 SH   SOLE   567,400 0 0
ALIMERA SCIENCES INC COM 016259103 461 100,000 SH   SOLE   100,000 0 0
ALLERGAN PLC SHS G0177J108 3,035 10,000 SH   SOLE   10,000 0 0
ALLIQUA BIOMEDICAL INC COM NEW 019621200 2,219 421,000 SH   SOLE   421,000 0 0
AMARIN CORP PLC SPONS ADR NEW 023111206 984 400,000 SH Call SOLE   400,000 0 0
ANI PHARMACEUTICALS INC COM 00182C103 7,756 125,000 SH   SOLE   125,000 0 0
APRICUS BIOSCIENCES INC COM 03832V109 1,112 650,000 SH   SOLE   650,000 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 827 100,000 SH   SOLE   100,000 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 6,371 100,000 SH   SOLE   100,000 0 0
CRYOLIFE INC COM 228903100 4,174 370,000 SH   SOLE   370,000 0 0
CYTOKINETICS INC COM NEW 23282W605 672 100,000 SH   SOLE   100,000 0 0
FIBROCELL SCIENCE INC COM NEW 315721209 831 157,769 SH   SOLE   157,769 0 0
MANNKIND CORP COM 56400P201 8,364 1,470,000 SH Put SOLE   1,470,000 0 0
PFIZER INC COM 717081103 5,030 150,000 SH   SOLE   150,000 0 0
PROSHARES TR ULTSH NASD BIOT 74347B789 2,872 100,000 SH   SOLE   100,000 0 0
PROSHARES TR ULTSH NASD BIOT 74347B789 8,616 300,000 SH Call SOLE   300,000 0 0
PROSHARES TR ULTSHT RUSS2000 74348A319 3,476 100,000 SH   SOLE   100,000 0 0
PROSHARES TR ULTSHT RUSS2000 74348A319 3,476 100,000 SH Call SOLE   100,000 0 0
PROSHARES TR II VIX STRMFUT ETF 74347W361 1,342 100,000 SH Call SOLE   100,000 0 0
QLT INC COM 746927102 8,703 2,107,200 SH   SOLE   2,107,200 0 0
QUEST DIAGNOSTICS INC COM 74834L100 4,801 66,208 SH   SOLE   66,208 0 0
SORRENTO THERAPEUTICS INC COM NEW 83587F202 881 50,000 SH   SOLE   50,000 0 0
STEMLINE THERAPEUTICS INC COM 85858C107 294 25,000 SH   SOLE   25,000 0 0
SUNESIS PHARMACEUTICALS INC COM NEW 867328601 602 200,000 SH   SOLE   200,000 0 0
SUNESIS PHARMACEUTICALS INC COM NEW 867328601 2,107 700,000 SH Call SOLE   700,000 0 0
SUPERNUS PHARMACEUTICALS INC COM 868459108 849 50,000 SH Call SOLE   50,000 0 0
XOMA CORP DEL COM 98419J107 272 70,000 SH Call SOLE   70,000 0 0
ZOGENIX INC COM 98978L105 420 250,000 SH   SOLE   250,000 0 0