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
ACCELERATE DIAGNOSTICS COM 00430H102 2,264 100,600 SH   SOLE   100,600 0 0
ADAMAS PHARMACEUTICALS INC COM 00548A106 4,460 255,000 SH   SOLE   255,000 0 0
AGIOS PHARMACEUTICALS INC COM 00847X104 8,487 90,000 SH   SOLE   90,000 0 0
AMAG PHARMACEUTICALS INC COM 00163U106 10,385 190,000 SH   SOLE   190,000 0 0
AMARIN CORP PLC SPONSORED ADR NEW 023111206 4,104 1,754,000 SH   SOLE   1,754,000 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 12,360 1,500,000 SH   SOLE   1,500,000 0 0
AXOGEN INC COM 05463X106 3,451 985,900 SH   SOLE   985,900 0 0
BIODELIVERY SCIENCES INTL IN COM 09060J106 1,475 140,500 SH   SOLE   140,500 0 0
BIOLINERX LTD SPONSORED ADR 09071M106 528 250,000 SH   SOLE   250,000 0 0
CARA THERAPEUTICS INC COM 140755109 3,166 315,000 SH   SOLE   315,000 0 0
CELGENE CORP RIGHT 12/31/2030 151020112 1,455 490,000 SH   SOLE   490,000 0 0
CEMPRA INC COM 15130J109 17,155 500,000 SH   SOLE   500,000 0 0
CHIMERIX INC COM 16934W106 21,295 565,000 SH   SOLE   565,000 0 0
CLOVIS ONCOLOGY INC COM 189464100 10,392 140,000 SH   SOLE   140,000 0 0
CODEXIS INC COM 192005106 7,861 1,724,000 SH   SOLE   1,724,000 0 0
EVOKE PHARMA INC COM 30049G104 1,727 245,000 SH   SOLE   245,000 0 0
FIBROGEN INC COM 31572Q808 6,004 191,338 SH   SOLE   191,338 0 0
FLAMEL TECHNOLOGIES SA SPONSORED ADR 338488109 5,394 300,000 SH   SOLE   300,000 0 0
GERON CORP COM 374163103 6,880 1,825,000 SH   SOLE   1,825,000 0 0
IMPRIMIS PHARMACEUTICALS INC COM NEW 45323A201 5,490 687,100 SH   SOLE   687,100 0 0
INSPIREMD INC COM NEW 45779A309 400 1,250,000 SH   SOLE   1,250,000 0 0
INSYS THERAPEUTICS INC NEW COM NEW 45824V209 6,394 110,000 SH   SOLE   110,000 0 0
KITE PHARMA INC COM 49803L109 4,384 76,000 SH   SOLE   76,000 0 0
LION BIOTECHNOLOGIES INC COM 53619R102 2,422 200,000 SH   SOLE   200,000 0 0
MACROGENICS INC COM 556099109 1,569 50,000 SH   SOLE   50,000 0 0
MEDGENICS INC COM NEW 58436Q203 6,851 850,000 SH   SOLE   850,000 0 0
MIMEDX GROUP INC COM 602496101 6,136 590,000 SH   SOLE   590,000 0 0
NEUROCRINE BIOSCIENCES INC COM 64125C109 5,758 145,000 SH   SOLE   145,000 0 0
OPHTHOTECH CORP COM 683745103 4,886 105,000 SH   SOLE   105,000 0 0
RETROPHIN INC COM 761299106 11,980 500,000 SH   SOLE   500,000 0 0
SUPERNUS PHARMACEUTICALS INC COM 868459108 6,468 535,000 SH   SOLE   535,000 0 0
TENAX THERAPEUTICS INC COM 88032L100 1,976 606,200 SH   SOLE   606,200 0 0
TETRAPHASE PHARMACEUTICALS I COM 88165N105 6,412 175,000 SH   SOLE   175,000 0 0
TRACON PHARMACEUTICALS INC COM 89237H100 171 12,172 SH   SOLE   12,172 0 0
TRILLIUM THERAPEUTICS INC COM NEW 89620X506 5,260 260,000 SH   SOLE   260,000 0 0
ULTRAGENYX PHARMACEUTICAL IN COM 90400D108 6,830 110,000 SH   SOLE   110,000 0 0
ZS PHARMA INC COM 98979G105 3,156 75,000 SH   SOLE   75,000 0 0