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
AKARI THERAPEUTICS PLC SPONSORED ADR 00972G108 1,461 100,750 SH   SOLE   100,750 0 0
ARRAY BIOPHARMA INC NOTE 04269XAA3 21,633 22,534 PRN   SOLE   22,534 0 0
ASSEMBLY BIOSCIENCES INC COM 045396108 15,758 2,098,302 SH   SOLE   2,098,302 0 0
ATYR PHARMA INC COM 002120103 7,770 790,462 SH   SOLE   790,462 0 0
CALITHERA BIOSCIENCES INC COM 13089P101 3,183 415,480 SH   SOLE   415,480 0 0
CELLADON CORP COM 15117E107 4,179 2,843,170 SH   SOLE   2,843,170 0 0
COLLEGIUM PHARMACEUTICAL INC COM 19459J104 12,791 465,118 SH   SOLE   465,118 0 0
CYTOKINETICS INC COM 23282W605 14,840 1,418,700 SH   SOLE   1,418,700 0 0
CYTOKINETICS INC COM 23282W905 2,977 284,600 SH Call SOLE   284,600 0 0
EPIZYME INC COM 29428V104 11,196 698,900 SH   SOLE   698,900 0 0
FIBROGEN INC COM 31572Q808 37,066 1,216,473 SH   SOLE   1,216,473 0 0
FIVE PRIME THERAPEUTICS INC COM 33830X104 29,839 719,000 SH   SOLE   719,000 0 0
FLEX PHARMA INC COM 33938A105 9,899 795,088 SH   SOLE   795,088 0 0
FORWARD PHARMA A/S SPONSORED ADR 34986J105 1,900 100,017 SH   SOLE   100,017 0 0
GALAPAGOS SPONSORED ADR 36315X101 10,524 167,361 SH   SOLE   167,361 0 0
GENVEC INC COM 37246C307 3,534 1,920,913 SH   SOLE   1,920,913 0 0
GILEAD SCIENCES INC COM 375558903 1,194 11,800 SH Call SOLE   11,800 0 0
IRONWOOD PHARMACEUTICALS COM CL A 46333X108 9,522 821,531 SH   SOLE   821,531 0 0
JAZZ PHARMACEUTICALS COM G50871905 26,594 189,200 SH Call SOLE   189,200 0 0
KINDRED BIOSCIENCES INC COM 494577109 4,871 1,432,765 SH   SOLE   1,432,765 0 0
KITE PHARMA INC COM 49803L109 10,229 166,000 SH   SOLE   166,000 0 0
KURA ONCOLOGY INC COM 50127T109 20,580 2,450,000 SH   SOLE   2,450,000 0 0
NABRIVA THERAPEUTICS AG SPONSORED ADR 62957M104 7,931 838,680 SH   SOLE   838,680 0 0
NEPHROGENEX INC COM 640667101 941 588,235 SH   SOLE   588,235 0 0
OVASCIENCE INC COM 69014Q101 4,152 424,979 SH   SOLE   424,979 0 0
QLT INC COM 746927102 266 100,000 SH   SOLE   100,000 0 0
RETROPHIN INC COM 761299106 23,618 1,224,384 SH   SOLE   1,224,384 0 0
RETROPHIN INC COM 761299906 4,709 244,100 SH Call SOLE   244,100 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K902 12,859 126,500 SH Call SOLE   126,500 0 0
ZAFGEN INC COM 98885E103 2,321 369,000 SH   SOLE   369,000 0 0
ZAFGEN INC COM 98885E903 63 10,000 SH Call SOLE   10,000 0 0