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
ABLYNX NV SPONSORED ADR 00372Y905 4,910 90,000 SH   SOLE   90,000 0 0
ACHILLION PHARMACEUTICALS INC COM 00448Q201 4,063 1,095,100 SH   SOLE   1,095,100 0 0
AGIOS PHARMACEUTICALS COM 00847X104 10,631 130,000 SH   SOLE   130,000 0 0
AMAG PHARMACEUTICALS INC COM 00163UAA4 8,463 420,000 SH   SOLE   420,000 0 0
AMARIN CORP PLC SPONSORED ADR 023111206 5,252 1,745,000 SH   SOLE   1,745,000 0 0
ARDELYX COM 039697107 5,734 1,135,600 SH   SOLE   1,135,600 0 0
AUDENTES THERAPEUTICS INC COM 05070R104 5,709 190,000 SH   SOLE   190,000 0 0
AXOGEN INC COM 05463X106 62,597 1,715,000 SH   SOLE   1,715,000 0 0
BIOFRONTERA AG SPONSORED ADS 090758105 6,462 391,200 SH   SOLE   391,200 0 0
BIOLINERX LTD SPONSORED ADR 09071M106 214 250,000 SH   SOLE   250,000 0 0
BLUEPRINT MEDICINES COM 09627Y109 55,020 600,000 SH   SOLE   600,000 0 0
CHIMERIX INC COM 16934W106 3,120 600,000 SH   SOLE   600,000 0 0
CODEXIS INC COM 192005106 18,706 1,700,600 SH   SOLE   1,700,600 0 0
CORIUM INTERNATIONAL INC COM 21887L107 12,215 1,065,000 SH   SOLE   1,065,000 0 0
CYMABAY THERAPEUTICS INC COM 23257D103 8,638 665,000 SH   SOLE   665,000 0 0
DECIPHERA PHARMACEUTICALS INC COM 24344T101 7,314 365,000 SH   SOLE   365,000 0 0
DEPOMED INC COM 249908104 3,954 600,000 SH   SOLE   600,000 0 0
EPIZYME INC COM 29428V104 1,242 70,000 SH   SOLE   70,000 0 0
FENNEC PHARMACEUTICALS INC COM 31447P100 10,559 873,000 SH   SOLE   873,000 0 0
FIBROGEN INC COM 31572Q808 16,632 360,000 SH   SOLE   360,000 0 0
FOAMIX PHARMACEUTICALS LTD SHS M46135105 4,873 950,000 SH   SOLE   950,000 0 0
FORTRESS BIOTECH INC COM 34960Q109 1,433 315,000 SH   SOLE   315,000 0 0
LOXO ONCOLOGY COM 548862101 20,697 179,400 SH   SOLE   179,400 0 0
MIRAGEN THERAPEUTICS INC COM 60463E10E 7,430 1,060,000 SH   SOLE   1,060,000 0 0
OCULAR THERAPEUTIX INC COM 67576A900 7,232 1,111,000 SH   SOLE   1,111,000 0 0
PROTALIX BIOTHERAPEUTICS INC COM 74365A101 1,760 3,260,000 SH   SOLE   3,260,000 0 0
PTC THERAPEUTICS INC COM 69366J200 3,923 145,000 SH   SOLE   145,000 0 0
QUANTERIX CORP COM 74766Q101 2,556 150,000 SH   SOLE   150,000 0 0
QUOTIENT LTD SHS G73268107 282 60,000 SH   SOLE   60,000 0 0
SANGAMO BIOSCIENCES INC COM 800677106 10,165 535,000 SH   SOLE   535,000 0 0
STRONGBRIDGE BIOPHARMA PLC COM G85347105 14,071 1,590,000 SH   SOLE   1,590,000 0 0
SYNDAX PHARMACEUTICALS INC COM 87164F105 3,166 222,500 SH   SOLE   222,500 0 0
SYROS PHARMACEUTICALS INC COM 87184Q107 961 74,074 SH   SOLE   74,074 0 0
TG THERAPEUTICS INC COM 88322Q108 3,893 274,200 SH   SOLE   274,200 0 0
ULTRAGENYX PHARMACEUTICALS INC COM 90400D108 4,079 80,000 SH   SOLE   80,000 0 0
VIKING THERAPEUTICS INC COM 92686J106 4,810 1,100,800 SH   SOLE   1,100,800 0 0
XOMA CORP DEL COM NEW 98419J206 6,477 320,200 SH   SOLE   320,200 0 0
ZOSANO PHARMA CORP COM 98979H103 504 100,000 SH   SOLE   100,000 0 0