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
ACCELERATE DIAGNOSTICS INC COM 00430H102 2,596 100,600 SH   SOLE   100,600 0 0
ADAMAS PHARMACEUTICALS INC COM 00548A106 3,933 150,000 SH   SOLE   150,000 0 0
AFFIMED NV COM N01045108 7,951 590,300 SH   SOLE   590,300 0 0
AGILE THERAPEUTICS INC COM 00847L100 472 55,000 SH   SOLE   55,000 0 0
AMAG PHARMACEUTICALS INC COM 00163U106 13,121 190,000 SH   SOLE   190,000 0 0
AMARIN CORP PLC COM 023111206 4,315 1,754,000 SH   SOLE   1,754,000 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 12,405 1,500,000 SH   SOLE   1,500,000 0 0
AURIS MED HLDG AG COM H03579101 1,725 355,000 SH   SOLE   355,000 0 0
AVINGER INC COM 053734109 2,688 208,200 SH   SOLE   208,200 0 0
AXOGEN INC COM 05463X106 6,657 2,120,000 SH   SOLE   2,120,000 0 0
BIOLINERX LTD COM 09071M106 495 250,000 SH   SOLE   250,000 0 0
CARA THERAPEUTICS INC COM 140755109 4,131 340,000 SH   SOLE   340,000 0 0
CELGENE CORP RIGHTS 151020112 950 456,492 SH   SOLE   456,492 0 0
CEMPRA INC COM 15130J109 16,836 490,000 SH   SOLE   490,000 0 0
CHIMERIX INC COM 16934W106 20,328 440,000 SH   SOLE   440,000 0 0
CLOVIS ONCOLOGY INC COM 189464100 7,909 90,000 SH   SOLE   90,000 0 0
CODEXIS INC COM 192005106 6,706 1,724,000 SH   SOLE   1,724,000 0 0
DERMIRA INC COM 24983L104 330 18,800 SH   SOLE   18,800 0 0
EAGLE PHARMACEUTICALS INC COM 269796108 4,043 50,000 SH   SOLE   50,000 0 0
EVOKE PHARMA INC COM 30049G104 1,355 259,100 SH   SOLE   259,100 0 0
FIBROGEN INC COM 31572Q808 7,638 325,000 SH   SOLE   325,000 0 0
FLAMEL TECHNOLOGIES SA COM 338488109 6,569 310,000 SH   SOLE   310,000 0 0
FOAMIX PHARMACEUTICALS LTD COM M46135105 871 85,000 SH   SOLE   85,000 0 0
GERON CORP COM 374163103 7,811 1,825,000 SH   SOLE   1,825,000 0 0
IMPRIMIS PHARMACEUTICALS INC COM 45323A201 9,797 1,205,000 SH   SOLE   1,205,000 0 0
INNOCOLL AG COM 45780Q103 1,481 101,200 SH   SOLE   101,200 0 0
INOTEK PHARMACEUTICALS CORP COM 45780VAA0 2,963 604,700 SH   SOLE   604,700 0 0
INSYS THERAPEUTICS INC NEW COM NEW 45824V209 3,197 89,000 SH   SOLE   89,000 0 0
MACROGENICS INC COM 556099109 3,417 90,000 SH   SOLE   90,000 0 0
MEDGENICS INC COM NEW 58436Q203 6,437 1,050,000 SH   SOLE   1,050,000 0 0
MIMEDX GROUP INC COM 602496101 7,151 617,000 SH   SOLE   617,000 0 0
NEUROCRINE BIOSCIENCES INC COM 64125C109 6,925 145,000 SH   SOLE   145,000 0 0
NEURODERM LTD COM M74231107 399 26,000 SH   SOLE   26,000 0 0
OPHTHOTECH CORP COM 683745103 5,487 105,000 SH   SOLE   105,000 0 0
PROTALIX BIOTHERAPEUTICS INC COM 74365AAB7 4,885 2,505,000 SH   SOLE   2,505,000 0 0
RETROPHIN INC COM 761299106 15,249 460,000 SH   SOLE   460,000 0 0
SUPERNUS PHARMACEUTICALS INC COM 868459108 9,084 535,000 SH   SOLE   535,000 0 0
TENAX THERAPEUTICS INC COM 88032L100 2,343 635,000 SH   SOLE   635,000 0 0
TETRAPHASE PHARMACEUTICALS I COM 88165N105 3,084 65,000 SH   SOLE   65,000 0 0
TONIX PHARMACEUTICALS HLDG C COM 890260201 1,704 190,000 SH   SOLE   190,000 0 0
TRACON PHARMACEUTICALS INC COM 89237H10A 138 12,172 SH   SOLE   12,172 0 0
TRILLIUM THERAPEUTICS INC COM 89620X506 5,455 250,000 SH   SOLE   250,000 0 0
ULTRAGENYX PHARMACEUTICAL IN COM 90400D108 11,263 110,000 SH   SOLE   110,000 0 0
XOMA CORP DEL COM 98419J107 2,522 650,000 SH   SOLE   650,000 0 0
ZOGENIX INC COM 98978L105 1,533 912,500 SH   SOLE   912,500 0 0
ZS PHARMA INC COM 98979G105 4,977 95,000 SH   SOLE   95,000 0 0