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

OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8

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
ALBANY MOLECULAR RESH INC COM 012423109 1,954 120,000 SH Call SOLE   120,000 0 0
ALBANY MOLECULAR RESH INC COM 012423109 9,739 598,200 SH   SOLE   598,200 0 0
ALIMERA SCIENCES INC COM 016259103 277 50,000 SH Call SOLE   50,000 0 0
ALIMERA SCIENCES INC COM 016259103 554 100,000 SH   SOLE   100,000 0 0
AMARIN CORP PLC SPONS ADR NEW 023111206 490 500,000 SH Call SOLE   500,000 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 687 100,000 SH Call SOLE   100,000 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 1,031 150,000 SH   SOLE   150,000 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 7,038 100,000 SH   SOLE   100,000 0 0
CATALYST PHARM PARTNERS INC COM 14888U101 149 50,000 SH   SOLE   50,000 0 0
CELSION CORPORATION COM PAR $0.01 15117N404 233 100,000 SH   SOLE   100,000 0 0
CEMPRA INC COM 15130J109 940 40,000 SH Call SOLE   40,000 0 0
CRYOLIFE INC COM 228903100 2,266 200,000 SH   SOLE   200,000 0 0
CYTOKINETICS INC COM NEW 23282W605 801 100,000 SH   SOLE   100,000 0 0
FIBROCELL SCIENCE INC COM NEW 315721209 409 157,769 SH   SOLE   157,769 0 0
LIGAND PHARMACEUTICALS INC COM NEW 53220K504 2,661 50,000 SH   SOLE   50,000 0 0
PFIZER INC COM 717081103 4,673 150,000 SH   SOLE   150,000 0 0
POZEN INC COM 73941U102 400 50,000 SH Call SOLE   50,000 0 0
PROSHARES TR ULTSHT RUSS2000 74348A319 3,959 100,000 SH   SOLE   100,000 0 0
QLT INC COM 746927102 602 150,000 SH Call SOLE   150,000 0 0
QLT INC COM 746927102 1,404 350,000 SH   SOLE   350,000 0 0
QUEST DIAGNOSTICS INC COM 74834L100 5,178 77,208 SH   SOLE   77,208 0 0
RIGEL PHARMACEUTICALS INC COM NEW 766559603 908 400,000 SH   SOLE   400,000 0 0
SORRENTO THERAPEUTICS INC COM NEW 83587F202 1,817 180,479 SH   SOLE   180,479 0 0
STEMLINE THERAPEUTICS INC COM 85858C107 281 16,464 SH   SOLE   16,464 0 0
SUNESIS PHARMACEUTICALS INC COM NEW 867328601 510 200,000 SH   SOLE   200,000 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 5,751 100,000 SH   SOLE   100,000 0 0