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
ACTAVIS PLC SHS G0083B108 2,976 10,000 SH   SOLE   10,000 0 0
AEGERION PHARMACEUTICALS INC COM 00767E102 654 25,000 SH   SOLE   25,000 0 0
ALBANY MOLECULAR RESH INC COM 012423109 2,112 120,000 SH Call SOLE   120,000 0 0
ALBANY MOLECULAR RESH INC COM 012423109 9,546 542,400 SH   SOLE   542,400 0 0
ALIMERA SCIENCES INC COM 016259103 251 50,000 SH Call SOLE   50,000 0 0
ALIMERA SCIENCES INC COM 016259103 501 100,000 SH   SOLE   100,000 0 0
ALLIQUA BIOMEDICAL INC COM NEW 019621200 1,019 196,000 SH   SOLE   196,000 0 0
AMARIN CORP PLC SPONS ADR NEW 023111206 468 200,000 SH   SOLE   200,000 0 0
AMARIN CORP PLC SPONS ADR NEW 023111206 468 200,000 SH Call SOLE   200,000 0 0
APRICUS BIOSCIENCES INC COM 03832V109 935 500,000 SH   SOLE   500,000 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 824 100,000 SH Call SOLE   100,000 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 1,236 150,000 SH   SOLE   150,000 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 6,843 100,000 SH   SOLE   100,000 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 10,265 150,000 SH Call SOLE   150,000 0 0
CELSION CORPORATION COM PAR $0.01 15117N404 214 80,000 SH   SOLE   80,000 0 0
CRYOLIFE INC COM 228903100 2,292 221,000 SH   SOLE   221,000 0 0
CYTOKINETICS INC COM NEW 23282W605 678 100,000 SH   SOLE   100,000 0 0
FIBROCELL SCIENCE INC COM NEW 315721209 712 157,769 SH   SOLE   157,769 0 0
LIGAND PHARMACEUTICALS INC COM NEW 53220K504 3,856 50,000 SH   SOLE   50,000 0 0
MANNKIND CORP COM 56400P201 2,600 500,000 SH Put SOLE   500,000 0 0
PFIZER INC COM 717081103 5,219 150,000 SH   SOLE   150,000 0 0
PROSHARES TR ULTSH NASD BIOT 74347B789 863 25,000 SH Call SOLE   25,000 0 0
PROSHARES TR ULTSH NASD BIOT 74347B789 3,450 100,000 SH   SOLE   100,000 0 0
PROSHARES TR ULTSHT RUSS2000 74348A319 7,120 200,000 SH   SOLE   200,000 0 0
QLT INC COM 746927102 587 150,000 SH Call SOLE   150,000 0 0
QLT INC COM 746927102 3,567 912,200 SH   SOLE   912,200 0 0
QUEST DIAGNOSTICS INC COM 74834L100 5,933 77,208 SH   SOLE   77,208 0 0
RIGEL PHARMACEUTICALS INC COM NEW 766559603 536 150,000 SH   SOLE   150,000 0 0
SANOFI SPONSORED ADR 80105N105 3,214 65,000 SH Call SOLE   65,000 0 0
SORRENTO THERAPEUTICS INC COM NEW 83587F202 1,445 125,000 SH   SOLE   125,000 0 0
STEMLINE THERAPEUTICS INC COM 85858C107 362 25,000 SH   SOLE   25,000 0 0
SUNESIS PHARMACEUTICALS INC COM NEW 867328601 490 200,000 SH   SOLE   200,000 0 0
SUNESIS PHARMACEUTICALS INC COM NEW 867328601 490 200,000 SH Call SOLE   200,000 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 3,115 50,000 SH Call SOLE   50,000 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 6,230 100,000 SH   SOLE   100,000 0 0
ZOGENIX INC COM 98978L105 685 500,000 SH   SOLE   500,000 0 0