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 1,919 100,000 SH   SOLE   100,000 0 0
AGIOS PHARMACEUTICALS INC COM 00847X104 12,717 113,500 SH   SOLE   113,500 0 0
ALNYLAM PHARMACEUTICALS INC COM 02043Q107 2,823 29,100 SH   SOLE   29,100 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 10,477 1,525,000 SH   SOLE   1,525,000 0 0
BIOLINERX LTD COM 09071M106 405 250,000 SH   SOLE   250,000 0 0
CARA THERAPEUTICS INC COM 140755109 798 80,000 SH   SOLE   80,000 0 0
CARDIOVASCULAR SYS INC DEL COM 141619106 3,760 125,000 SH   SOLE   125,000 0 0
CATALYST PHARM PARTNERS INC COM 14888U101 2,896 975,000 SH   SOLE   975,000 0 0
CELGENE CORP RIGHT 12/31/2030 151020112 1,811 575,000 SH   SOLE   575,000 0 0
CEMPRA INC COM 15130J109 11,868 504,800 SH   SOLE   504,800 0 0
CHIMERIX INC COM 16934W106 32,409 805,000 SH   SOLE   805,000 0 0
CLOVIS ONCOLOGY INC. COM 189464100 7,840 140,000 SH   SOLE   140,000 0 0
CODEXIS INC COM 192005106 4,344 1,724,000 SH   SOLE   1,724,000 0 0
EVOKE PHARMA INC COM 30049G104 1,416 240,000 SH   SOLE   240,000 0 0
FIBROGEN INC COM 31572Q808 5,231 191,338 SH   SOLE   191,338 0 0
FLAMEL TECHNOLOGIES SA COM 338488109 3,512 205,000 SH   SOLE   205,000 0 0
FLUIDIGM CORP DEL COM 34385P108 3,204 95,000 SH   SOLE   95,000 0 0
GENMARK DIAGNOSTICS INC COM 372309104 4,559 335,000 SH   SOLE   335,000 0 0
GERON CORP COM 374163103 5,931 1,825,000 SH   SOLE   1,825,000 0 0
HORIZON PHARMA PLC COM G4617B105 2,836 220,000 SH   SOLE   220,000 0 0
IMPRIMIS PHARMACEUTICALS INC COM NEW 45323A201 4,200 560,000 SH   SOLE   560,000 0 0
INSYS THERAPEUTICS INC NEW COM NEW 45824V209 5,165 122,500 SH   SOLE   122,500 0 0
KITE PHARMA INC COM 49803L109 4,383 76,000 SH   SOLE   76,000 0 0
MEDGENICS INC COM NEW 58436Q203 4,301 850,000 SH   SOLE   850,000 0 0
NEUROCRINE BIOSCIENCES INC COM 64125C109 1,005 45,000 SH   SOLE   45,000 0 0
ONCOTHYREON INC COM 682234108 3,800 2,000,000 SH   SOLE   2,000,000 0 0
OPHTHOTECH CORP COM 683745103 4,487 100,000 SH   SOLE   100,000 0 0
PARATEK PHARMACEUTICALS INC COM 699374302 3,084 80,000 SH   SOLE   80,000 0 0
PHARMACYCLICS INC COM 716933106 10,392 85,000 SH   SOLE   85,000 0 0
RETROPHIN INC COM 761299106 11,261 920,000 SH   SOLE   920,000 0 0
SUPERNUS PHARMACEUTICALS INC COM 868459108 2,905 350,000 SH   SOLE   350,000 0 0
TENAX THERAPEUTICS INC COM 88032L100 1,690 440,000 SH   SOLE   440,000 0 0
TETRAPHASE PHARMACEUTICALS INC COM 88165N105 7,533 189,700 SH   SOLE   189,700 0 0
TRILLIUM THERAPEUTICS INC COM 89620X506 3,000 333,333 SH   SOLE   333,333 0 0
ULTRAGENYX PHARMACEUTICALS INC COM 90400D108 4,660 106,200 SH   SOLE   106,200 0 0
VERSARTIS INC COM 92529L102 5,276 235,000 SH   SOLE   235,000 0 0