0001172661-12-001215.txt : 20121213 0001172661-12-001215.hdr.sgml : 20121213 20121213091554 ACCESSION NUMBER: 0001172661-12-001215 CONFORMED SUBMISSION TYPE: 13F-HR/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120930 FILED AS OF DATE: 20121213 DATE AS OF CHANGE: 20121213 EFFECTIVENESS DATE: 20121213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ORBIMED ADVISORS LLC CENTRAL INDEX KEY: 0001055951 IRS NUMBER: 133976876 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 13F-HR/A SEC ACT: 1934 Act SEC FILE NUMBER: 028-06774 FILM NUMBER: 121261107 BUSINESS ADDRESS: STREET 1: 601 LEXINGTON AVENUE STREET 2: 54TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 739-6400 MAIL ADDRESS: STREET 1: 601 LEXINGTON AVENUE STREET 2: 54TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 13F-HR/A 1 orbimedadvisors3q12a1.txt FORM 13F AMENDMENT FILING UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2012 Check here if Amendment [ X]; Amendment Number: 1 This Amendment (Check only one.): [ X] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: OrbiMed Advisors LLC Address: 601 Lexington Avenue 54th Floor New York, NY 10022 13F File Number: 028-06774 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Samuel D. Isaly Title: Managing Member Phone: (212) 739-6400 Signature, Place, and Date of Signing: /s/ Samuel D. Isaly New York, NY December 13, 2012 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 111 Form 13F Information Table Value Total: $3,477,267 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. No. 13F File Number Name 1 028-10410 OrbiMed Capital LLC FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3SBIO INC SPONSORED ADR 88575Y105 27127 2088300 SH DEFINED 1 1123600 0 964700 ABBOTT LABS COM 002824100 172360 2514000 SH DEFINED 1 1050000 0 1464000 ABBOTT LABS COM 002824100 17140 250000 SH CALL DEFINED 1 110000 0 140000 ACHILLION PHARMACEUTICALS IN COM 00448Q201 5400 519000 SH DEFINED 1 316000 0 203000 AETNA INC NEW COM 00817Y108 38436 970600 SH DEFINED 1 320000 0 650600 AFFYMAX INC COM 00826A109 55556 2638000 SH DEFINED 1 1416000 0 1222000 AFFYMETRIX INC COM 00826T108 29482 6793000 SH DEFINED 1 2978000 0 3815000 AFFYMETRIX INC NOTE 4.000% 7/0 00826TAH1 3996 4100000 PRN DEFINED 1 0 0 4100000 AGILENT TECHNOLOGIES INC COM 00846U101 6037 157000 SH DEFINED 1 0 0 157000 ALEXION PHARMACEUTICALS INC COM 015351109 24424 213500 SH DEFINED 1 0 0 213500 ALLERGAN INC COM 018490102 37667 411300 SH DEFINED 1 160000 0 251300 AMARIN CORP PLC SPONS ADR NEW 023111206 7545 600000 SH SOLE 600000 0 0 AMGEN INC COM 031162100 2647 31400 SH DEFINED 1 0 0 31400 ANTARES PHARMA INC COM 036642106 27613 6333300 SH DEFINED 1 3667300 0 2666000 ARIAD PHARMACEUTICALS INC COM 04033A100 17727 732200 SH DEFINED 1 251300 0 480900 ARRAY BIOPHARMA INC COM 04269X105 26125 4469600 SH DEFINED 1 2223000 0 2246600 ATHERSYS INC COM 04744L106 1829 1315700 SH SOLE 1315700 0 0 AUXILIUM PHARMACEUTICALS INC COM 05334D107 1468 60000 SH DEFINED 1 0 0 60000 BAXTER INTL INC COM 071813109 31581 524000 SH DEFINED 1 191000 0 333000 BIODEL INC COM NEW 09064M204 4145 1395510 SH SOLE 1395510 0 0 BIOGEN IDEC INC COM 09062X103 117891 790100 SH DEFINED 1 400700 0 389400 BIOMARIN PHARMACEUTICAL INC COM 09061G101 49798 1236900 SH DEFINED 1 709000 0 527900 BOSTON SCIENTIFIC CORP COM 101137107 3731 650000 SH DEFINED 1 0 0 650000 BRISTOL MYERS SQUIBB CO COM 110122108 90858 2692100 SH DEFINED 1 1453000 0 1239100 BRISTOL MYERS SQUIBB CO COM 110122108 8336 247000 SH CALL DEFINED 1 104000 0 143000 CARDINAL HEALTH INC COM 14149Y108 5261 135000 SH DEFINED 1 0 0 135000 CAREFUSION CORP COM 14170T101 4398 154900 SH DEFINED 1 0 0 154900 CELGENE CORP COM 151020104 28574 374000 SH DEFINED 1 0 0 374000 CELSION CORPORATION COM NEW 15117N305 3996 734600 SH DEFINED 1 645600 0 89000 CELSION CORPORATION COM NEW 15117N305 544 100000 SH CALL DEFINED 1 87000 0 13000 CELSION CORPORATION COM NEW 15117N305 544 100000 SH PUT DEFINED 1 87000 0 13000 CIGNA CORPORATION COM 125509109 14160 300200 SH DEFINED 1 261700 0 38500 COMPLETE GENOMICS INC COM 20454K104 4037 1300000 SH SOLE 1300000 0 0 COVANCE INC COM 222816100 2241 48000 SH DEFINED 1 0 0 48000 CUBIST PHARMACEUTICALS INC COM 229678107 6882 144300 SH DEFINED 1 0 0 144300 CUBIST PHARMACEUTICALS INC NOTE 2.500%11/0 229678AD9 3460 2000000 PRN DEFINED 1 0 0 2000000 DAVITA INC COM 23918K108 6735 65000 SH DEFINED 1 0 0 65000 DENDREON CORP COM 24823Q107 17443 3626400 SH DEFINED 1 2262400 0 1364000 DENDREON CORP NOTE 2.875% 1/1 24823QAC1 4258 6500000 PRN DEFINED 1 0 0 6500000 EDWARDS LIFESCIENCES CORP COM 28176E108 5369 50000 SH DEFINED 1 0 0 50000 ELAN PLC ADR 284131208 1072 100000 SH CALL DEFINED 1 43000 0 57000 ENDOCYTE INC COM 29269A102 10983 1101600 SH DEFINED 1 521400 0 580200 EXACT SCIENCES CORP COM 30063P105 52643 4785700 SH DEFINED 1 2607500 0 2178200 EXPRESS SCRIPTS HLDG CO COM 30219G108 109319 1745470 SH DEFINED 1 906400 0 839070 EXPRESS SCRIPTS HLDG CO COM 30219G108 15658 250000 SH CALL DEFINED 1 110000 0 140000 FLUIDIGM CORP DEL COM 34385P108 23276 1369200 SH DEFINED 1 307200 0 1062000 FOREST LABS INC COM 345838106 4273 120000 SH DEFINED 1 0 0 120000 GILEAD SCIENCES INC COM 375558103 198114 2986800 SH DEFINED 1 1392800 0 1594000 GIVEN IMAGING ORD SHS M52020100 12227 839200 SH DEFINED 1 427500 0 411700 HCA HOLDINGS INC COM 40412C101 47298 1422500 SH DEFINED 1 765600 0 656900 HI-TECH PHARMACAL INC COM 42840B101 10648 321600 SH DEFINED 1 194400 0 127200 HOLOGIC INC COM 436440101 5055 250000 SH DEFINED 1 0 0 250000 HUMANA INC COM 444859102 49007 698600 SH DEFINED 1 369400 0 329200 ILLUMINA INC COM 452327109 12048 250000 SH CALL DEFINED 1 107500 0 142500 ILLUMINA INC COM 452327109 81200 1685000 SH DEFINED 1 832900 0 852100 IMMUNOGEN INC COM 45253H101 28137 1928500 SH DEFINED 1 1025100 0 903400 IMPAX LABORATORIES INC COM 45256B101 62805 2419300 SH DEFINED 1 1225300 0 1194000 INCYTE CORP COM 45337C102 73341 4063200 SH DEFINED 1 2318000 0 1745200 INCYTE CORP NOTE 4.750%10/0 45337CAJ1 18678 8679000 PRN DEFINED 1 3187000 0 5492000 INFINITY PHARMACEUTICALS INC COM 45665G303 44462 1891200 SH DEFINED 1 883100 0 1008100 INSULET CORP COM 45784P101 4963 230000 SH SOLE 230000 0 0 LIFE TECHNOLOGIES CORP COM 53217V109 94305 1930300 SH DEFINED 1 984300 0 946000 LILLY ELI & CO COM 532457108 17660 372500 SH CALL DEFINED 1 324500 0 48000 LILLY ELI & CO COM 532457108 7112 150000 SH PUT DEFINED 1 66000 0 84000 MAKO SURGICAL CORP COM 560879108 20016 1149700 SH DEFINED 1 714400 0 435300 MAKO SURGICAL CORP COM 560879108 3482 200000 SH CALL DEFINED 1 88000 0 112000 MAP PHARMACEUTICALS INC COM 56509R108 35124 2255900 SH DEFINED 1 1414800 0 841100 MASIMO CORP COM 574795100 6069 251000 SH DEFINED 1 191000 0 60000 MCKESSON CORP COM 58155Q103 6538 76000 SH DEFINED 1 0 0 76000 MEDIVATION INC COM 58501N101 43784 777000 SH DEFINED 1 391100 0 385900 MEDTRONIC INC COM 585055106 4743 110000 SH DEFINED 1 0 0 110000 MERCK & CO INC NEW COM 58933Y105 209196 4639000 SH DEFINED 1 1882000 0 2757000 NATUS MEDICAL INC DEL COM 639050103 19511 1492800 SH DEFINED 1 949900 0 542900 NEUROCRINE BIOSCIENCES INC COM 64125C109 35308 4424600 SH DEFINED 1 2251900 0 2172700 NORDION INC COM 65563C105 540 80000 SH CALL DEFINED 1 34500 0 45500 NPS PHARMACEUTICALS INC COM 62936P103 23969 2591200 SH DEFINED 1 1484500 0 1106700 NXSTAGE MEDICAL INC COM 67072V103 36065 2730143 SH SOLE 2730143 0 0 ONCOTHYREON INC COM 682324108 7812 1522800 SH DEFINED 1 777800 0 745000 ONYX PHARMACEUTICALS INC COM 683399109 128719 1523300 SH DEFINED 1 794000 0 729300 ONYX PHARMACEUTICALS INC COM 683399109 4225 50000 SH CALL DEFINED 1 22000 0 28000 ORASURE TECHNOLOGIES INC COM 68554V108 57528 5178000 SH DEFINED 1 3180000 0 1998000 PACIRA PHARMACEUTICALS INC COM 695127100 28188 1620000 SH SOLE 1620000 0 0 PERNIX THERAPEUTICS HLDGS IN COM 71426V108 18759 2518000 SH DEFINED 1 1647000 0 871000 PERRIGO CO COM 714290103 13685 117800 SH DEFINED 1 0 0 117800 PFIZER INC COM 717081103 221215 8902000 SH DEFINED 1 3296000 0 5606000 REGENERON PHARMACEUTICALS COM 75886F107 33020 216300 SH DEFINED 1 118900 0 97400 REPROS THERAPEUTICS INC COM NEW 76028H209 9001 591000 SH DEFINED 1 519000 0 72000 SALIX PHARMACEUTICALS INC COM 795435106 7244 171100 SH DEFINED 1 88000 0 83100 SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 8024 200000 SH PUT DEFINED 1 88000 0 112000 SEQUENOM INC COM NEW 817337405 23492 6655000 SH DEFINED 1 3821000 0 2834000 SOLTA MED INC COM 83438K103 1434 456800 SH DEFINED 1 245300 0 211500 SPDR S&P 500 ETF TR TR UNIT 78462F103 14397 100000 SH PUT DEFINED 1 44000 0 56000 ST JUDE MED INC COM 790849103 6109 145000 SH DEFINED 1 0 0 145000 STRYKER CORP COM 863667101 6390 114800 SH DEFINED 1 0 0 114800 SUPERNUS PHARMACEUTICALS INC COM 868459108 41580 3599998 SH SOLE 3599998 0 0 SYNERON MEDICAL LTD ORD SHS M87245102 3413 350000 SH DEFINED 1 199000 0 151000 THERMO FISHER SCIENTIFIC INC COM 883556102 60883 1034900 SH DEFINED 1 571600 0 463300 UNITEDHEALTH GROUP INC COM 91324P102 74914 1352000 SH DEFINED 1 657400 0 694600 UROPLASTY INC COM NEW 917277204 6669 1750500 SH DEFINED 1 1530500 0 220000 VALEANT PHARMACEUTICALS INTL COM 91911K102 7627 138000 SH DEFINED 1 0 0 138000 VERASTEM INC COM 92337C104 3922 417700 SH DEFINED 1 297500 0 120200 VERTEX PHARMACEUTICALS INC COM 92532F100 25150 450000 SH PUT DEFINED 1 197000 0 253000 VIVUS INC COM 928551100 56306 3161500 SH DEFINED 1 1779000 0 1382500 VOLCANO CORPORATION COM 928645100 5285 185000 SH DEFINED 1 0 0 185000 VOLCANO CORPORATION NOTE 2.875% 9/0 928645AA8 1780 1500000 PRN DEFINED 1 0 0 1500000 WARNER CHILCOTT PLC IRELAND SHS A G94368100 43462 3219400 SH DEFINED 1 2142700 0 1076700 WATSON PHARMACEUTICALS INC COM 942683103 84308 990000 SH DEFINED 1 603000 0 387000 WELLPOINT INC COM 94973V107 68864 1187100 SH DEFINED 1 605700 0 581400 XENOPORT INC COM 98411C100 13582 1186100 SH DEFINED 1 698700 0 487400 XOMA CORP DEL COM 98419J107 7166 1942000 SH DEFINED 1 1208800 0 733200 ZIMMER HLDGS INC COM 98956P102 37664 557000 SH DEFINED 1 213000 0 344000