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
ALLERGAN PLC COM G0177J908 10,501 50,000 SH Call SOLE   50,000 0 0
CASCADIAN THERAPEUTICS INC COM 14740B901 447 103,800 SH Call SOLE   103,800 0 0
ASCENDIS PHARMA A S SPONSORED ADR 04351P101 19,748 975,700 SH   SOLE   975,700 0 0
GALAPAGOS NV SPONSORED ADR 36315X101 36,032 561,341 SH   SOLE   561,341 0 0
NABRIVA THERAPEUTICS AG SPONSORED ADR 62957M104 1,578 264,773 SH   SOLE   264,773 0 0
ACLARIS THERAPEUTICS INC COM 00461U105 11,236 414,000 SH   SOLE   414,000 0 0
ADVERUM BIOTECHNOLOGIES INC COM 00773U108 2,536 874,447 SH   SOLE   874,447 0 0
AGIOS PHARMACEUTICALS INC COM 00847X104 972 23,300 SH   SOLE   23,300 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 19,845 162,200 SH   SOLE   162,200 0 0
ARDELYX INC COM 039697107 18,602 1,310,023 SH   SOLE   1,310,023 0 0
ASSEMBLY BIOSCIENCES INC COM 045396108 35,759 2,943,164 SH   SOLE   2,943,164 0 0
ATARA BIOTHERAPEUTICS INC COM 046513107 3,065 215,812 SH   SOLE   215,812 0 0
ATYR PHARMA INC COM 002120103 2,101 976,986 SH   SOLE   976,986 0 0
BIOPHARMX CORP COM 09072X101 502 1,342,000 SH   SOLE   1,342,000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 500 8,560 SH   SOLE   8,560 0 0
CHEMOCENTRYX INC COM 01683L106 873 118,000 SH   SOLE   118,000 0 0
CHIMERIX INC COM 16934W106 6,512 1,415,687 SH   SOLE   1,415,687 0 0
CYTOKINETICS INC COM 23282W605 667 54,879 SH   SOLE   54,879 0 0
DERMIRA INC COM 24983L104 1,310 43,200 SH   SOLE   43,200 0 0
EDITAS MEDICINE INC COM COM 28106W103 10,172 626,762 SH   SOLE   626,762 0 0
EGALET CORP COM 28226B104 1,701 222,300 SH   SOLE   222,300 0 0
FIVE PRIME THERAPEUTICS INC COM 33830X104 14,968 298,712 SH   SOLE   298,712 0 0
IRONWOOD PHARMACEUTICALS INC COM 46333X108 43,661 2,855,515 SH   SOLE   2,855,515 0 0
KINDRED BIOSCIENCES INC COM 494577109 2,427 571,126 SH   SOLE   571,126 0 0
KURA ONCOLOGY INC COM 50127T109 15,410 2,611,906 SH   SOLE   2,611,906 0 0
SYNDAX PHARMACEUTICALS INC COM 87164F105 1,964 273,862 SH   SOLE   273,862 0 0
SYROS PHARMACEUTICALS INC COM 87184Q107 773 63,596 SH   SOLE   63,596 0 0
XENCOR INC COM 98401F105 9,870 375,000 SH   SOLE   375,000 0 0
FATE THERAPEUTICS INC COM 311900954 6,368 2,537,026 SH   SOLE   2,537,026 0 0
THERAVANCE BIOPHARMA INC NOTE 88339KAA0 19,327 17,000,000 PRN   SOLE   17,000,000 0 0