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
AFFYMETRIX INC COM 00826T108 713 100,000 SH   SOLE   100,000 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 13,460 1,670,000 SH   SOLE   1,670,000 0 0
ARRAY BIOPHARMA INC COM 04269X105 1,434 305,000 SH   SOLE   305,000 0 0
BIND THERAPEUTICS INC COM 05548N107 5,107 427,000 SH   SOLE   427,000 0 0
BIOLINERX LTD SPONSORED ADR 09071M106 3,236 1,451,000 SH   SOLE   1,451,000 0 0
CATALYST PHARM PARTNERS INC COM 14888U101 3,116 1,378,584 SH   SOLE   1,378,584 0 0
CELATOR PHARMACEUTICALS INC COM 15089R102 1,031 325,000 SH   SOLE   325,000 0 0
CELGENE CORP RIGHTS 12/31/2030 151020112 1,881 660,000 SH   SOLE   660,000 0 0
CEMPRA INC COM 15130J109 5,544 480,000 SH   SOLE   480,000 0 0
CHIMERIX INC COM 16934W106 12,242 536,000 SH   SOLE   536,000 0 0
CARDIOVASCULAR SYS INC DEL COM 141619106 4,292 135,000 SH   SOLE   135,000 0 0
CODEXIS INC COM 192005106 1,425 698,300 SH   SOLE   698,300 0 0
EPIZYME INC COM 29428V104 2,630 115,500 SH   SOLE   115,500 0 0
EVOKE PHARMA INC COM 30049G104 1,956 233,400 SH   SOLE   233,400 0 0
FLEXION THERAPEUTICS INC COM 33938J106 2,229 135,500 SH   SOLE   135,500 0 0
FLUIDIGM CORP DEL COM 34385P108 3,966 90,000 SH   SOLE   90,000 0 0
GENMARK DIAGNOSTICS INC COM 372309104 4,324 435,000 SH   SOLE   435,000 0 0
GERON CORP COM 374163103 2,299 1,100,000 SH   SOLE   1,100,000 0 0
INSPIREMD INC COM NEW 45779A309 6,560 2,150,000 SH   SOLE   2,150,000 0 0
KALOBIOS PHARMACEUTICALS INC COM 48344T100 1,474 545,000 SH   SOLE   545,000 0 0
KIPS BAY MED INC COM 49726K105 540 777,531 SH   SOLE   777,531 0 0
LIGAND PHARMACEUTICALS INC COM NEW 53220K504 2,354 35,000 SH   SOLE   35,000 0 0
MACROGENICS INC COM 556099109 838 30,000 SH   SOLE   30,000 0 0
NOVADAQ TECHNOLOGIES INC COM 66987G102 4,116 167,600 SH   SOLE   167,600 0 0
NPS PHARMACEUTICALS INC COM 62936P103 4,490 150,000 SH   SOLE   150,000 0 0
OMEROS CORP COM 682143102 6,036 500,100 SH   SOLE   500,100 0 0
PHARMACYCLICS INC COM 716933106 11,525 115,000 SH   SOLE   115,000 0 0
RETROPHIN INC COM 761299106 24,448 1,153,230 SH   SOLE   1,153,230 0 0
SUNSHINE HEART INC COM 86782U106 350 60,000 SH   SOLE   60,000 0 0
TETRAPHASE PHARMACEUTICALS I COM 88165N105 1,757 160,000 SH   SOLE   160,000 0 0