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
ACADIA PHARMACEUTICALS INC Common 004225108 35,417 1,325,000 SH   SOLE   1,325,000 0 0
ADAPTIVE BIOTECHNOLOGIES Common 00650F109 9,660 200,000 SH   SOLE   200,000 0 0
ADVERUM BIOTECHNOLOGIES INC Common 00773U108 41,615 3,500,000 SH   SOLE   3,500,000 0 0
ALIMERA SCIENCES INC Common 016259103 5,554 6,240,000 SH   SOLE   6,240,000 0 0
ALLOGENE THERAPEUTICS INC Common 019770106 30,303 1,128,594 SH   SOLE   1,128,594 0 0
AMARIN CORP PLC Sponsored ADR 023111206 145,425 7,500,000 SH   SOLE   7,500,000 0 0
AMICUS THERAPEUTICS INC Common 03152W109 124,800 10,000,000 SH   SOLE   10,000,000 0 0
ARGENX SE Sponsored ADR 04016X101 118,927 840,000 SH   SOLE   840,000 0 0
ARRAY BIOPHARMA INC Common 04269X105 92,660 2,000,000 SH   SOLE   2,000,000 0 0
ASCENDIS PHARMA Sponsored ADR 04351P101 226,846 1,970,000 SH   SOLE   1,970,000 0 0
ATHENEX INC Common 04685N103 91,179 4,605,000 SH   SOLE   4,605,000 0 0
BIODELIVERY SCIENCES INTL Common 09060J106 34,526 7,424,867 SH   SOLE   7,424,867 0 0
BIOMARIN PHARMACEUTICAL INC Common 09061G101 181,150 2,115,000 SH   SOLE   2,115,000 0 0
CYMABAY THERAPEUTICS INC Common 23257D103 19,332 2,700,000 SH   SOLE   2,700,000 0 0
FENNEC PHARMACEUTICALS INC Common 31447P100 4,424 1,105,999 SH   SOLE   1,105,999 0 0
GLOBAL BLOOD THERAPEUTICS INC Common 37890U108 49,970 950,000 SH   SOLE   950,000 0 0
HORIZON THERAPEUTICS PLC Common G46188101 96,240 4,000,000 SH   SOLE   4,000,000 0 0
IMMUNOMEDICS INC Common 452907108 291,270 21,000,000 SH   SOLE   21,000,000 0 0
INTEC PHARMA LTD Common M53644106 3,559 820,000 SH   SOLE   820,000 0 0
IOVANCE BIOTHERAPEUTICS INC Common 462260100 263,653 10,752,585 SH   SOLE   10,752,585 0 0
iShares Russell 2000 ETF 464287655 110 250,000 SH Put SOLE   250,000 0 0
KODIAK SCIENCES INC Common 50015M109 6,751 577,021 SH   SOLE   577,021 0 0
MADRIGAL PHARMACEUTICALS INC Common 558868105 37,732 360,000 SH   SOLE   360,000 0 0
MEDICINES CO Common 584688105 33,735 925,000 SH   SOLE   925,000 0 0
MIRATI THERAPEUTICS INC Common 60468T105 397,838 3,862,500 SH   SOLE   3,862,500 0 0
MYOKARDIA INC Common 62857M105 68,943 1,375,000 SH   SOLE   1,375,000 0 0
PACIRA BIOSCIENCES INC Common 695127100 17,396 400,000 SH   SOLE   400,000 0 0
PTC THERAPEUTICS INC Common 69366J200 30,780 684,000 SH   SOLE   684,000 0 0
ROCKET PHARMACEUTICALS INC Common 77313F106 4,286 285,714 SH   SOLE   285,714 0 0
SAREPTA THERAPEUTICS INC Common 803607100 212,730 1,400,000 SH   SOLE   1,400,000 0 0
SAREPTA THERAPEUTICS INC Common 803607100 5,463 250,000 SH Call SOLE   250,000 0 0
TELIGENT INC Common 87960W104 3,296 5,231,206 SH   SOLE   5,231,206 0 0
TRICIDA INC Common 89610F101 86,812 2,200,000 SH   SOLE   2,200,000 0 0
XENON PHARMACEUTICALS INC Common 98420N105 23,664 2,400,000 SH   SOLE   2,400,000 0 0
ZOGENIX INC Common 98978L204 96,755 2,025,000 SH   SOLE   2,025,000 0 0