0001047469-11-005086.txt : 20110513 0001047469-11-005086.hdr.sgml : 20110513 20110513111840 ACCESSION NUMBER: 0001047469-11-005086 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110513 DATE AS OF CHANGE: 20110513 EFFECTIVENESS DATE: 20110513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SECTORAL ASSET MANAGEMENT INC CENTRAL INDEX KEY: 0001274413 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10653 FILM NUMBER: 11838779 BUSINESS ADDRESS: STREET 1: 1000 SHERBROOKE STREET CITY: MONTREAL STATE: A1 ZIP: 00000 13F-HR 1 a2204123z13f-hr.txt 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011 ----------------------- Check Here if Amendment / /; Amendment Number: --------- This Amendment (Check only one.): / / is a restatement. / / adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Sectoral Asset Management Inc. -------------------------------- Address: 1000 Sherbrooke West, Suite 2120 -------------------------------- Montreal, QC H3A 3G4 Canada -------------------------------- Form 13F File Number: 28-10653 --------------------- 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: Jerome Pfund ------------------------------- Title: Chief Compliance Officer ------------------------------- Phone: 514-849-8777 ------------------------------- Signature, Place, and Date of Signing: /s/ Jerome Pfund, Chief Compliance Officer, Montreal, Quebec, Canada, May 13, 2011 ----------------------------- ------------------------- ------------- [Signature] [City, State] [Date] Report Type (Check only one.): /X/ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) / / 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) / / 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 -------------------- Form 13F Information Table Entry Total: 59 -------------------- Form 13F Information Table Value Total: $ 3,073,820 -------------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. None.

ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 --------------------- -------- -------- --------- --------------------- --------- --------- --------------------- FAIR MARKET SH/PRN SH/PRN PUT/CALL INVESTMENT VOTING AUTHORITY ISSUER CLASS CUSIP VALUE AMOUNT DISCRETION MGRS (SHARES) (000s) TYPE (A)SOLE (B)SHARED (C)NONE ---------------------------------------------------------------------------------------------------------------------------------- 3SBIO INC SP ADR 88575Y105 13564 784496 SH SOLE 727896 0 56600 ABBOTT LABS COMMON 002824100 73969 1508033 SH SOLE 170225 0 1337808 AFFYMAX INC COMMON 00826A109 5634 959798 SH SOLE 877198 0 82600 ALEXION PHARM INC COMMON 015351109 59771 605704 SH SOLE 563100 0 42604 ALIGN TECH INC COMMON 016255101 44424 2169137 SH SOLE 197389 0 1971748 AMAG PHARMACEUTICALS COMMON 00163U106 24914 1491875 SH SOLE 1368475 0 123400 AMGEN INC COMMON 031162100 242848 4543464 SH SOLE 2398481 0 2144983 ANTHERA PHARMACEUT COMMON 03674U102 4431 656508 SH SOLE 656508 0 0 ARIAD PHARMACEUTICAL COMMON 04033A100 28053 3730449 SH SOLE 3529849 0 200600 ARQULE INC COMMON 04269E107 1864 261119 SH SOLE 261119 0 0 AUXILIUM PHARMACEUTI COMMON 05334D107 50306 2343101 SH SOLE 2125392 0 217709 BIOMARIN PHARMAC INC COMMON 09061G101 123598 4918331 SH SOLE 3072130 0 1846201 BIOMIMETIC THERAPEUT COMMON 09064X101 8924 680685 SH SOLE 635454 0 45231 BIOSPECIFICS TECH CO COMMON 090931106 3996 156710 SH SOLE 156710 0 0 CARDIOME PHARMA CORP COMMON 14159U202 9751 2278372 SH SOLE 2167572 0 110800 CARDIONET INC COMMON 14159L103 3670 766139 SH SOLE 766139 0 0 CELGENE CORP COMMON 151020104 183089 3180003 SH SOLE 1558819 0 1621184 DENDREON CORP COMMON 24823Q107 69755 1863600 SH SOLE 1731900 0 131700 DEXCOM INC COMMON 252131107 33359 2149409 SH SOLE 879898 0 1269511 DR REDDYS LABS LTD ADR 256135203 20839 558681 SH SOLE 500990 0 57691 ENDO PHARM HLDGS INC COMMON 29264F205 347 9100 SH SOLE 9100 0 0 ENDOCYTE INC COMMON 29269A102 4718 550500 SH SOLE 550500 0 0 FLUIDIGM CORP DEL COMMON 34385P108 2504 175000 SH SOLE 175000 0 0 GILEAD SCIENCES INC COMMON 375558103 95144 2240258 SH SOLE 2090900 0 149358 GIVEN IMAGING ORD SHS M52020100 31607 1603583 SH SOLE 619255 0 984328 HOSPIRA INC COMMON 441060100 118794 2152058 SH SOLE 731934 0 1420124 HUMAN GENOME SCI COMMON 444903108 50653 1845300 SH SOLE 1696500 0 148800 ILLUMINA INC COMMON 452327109 54816 782300 SH SOLE 728900 0 53400 INCYTE CORPORATION COMMON 45337C102 37889 2390486 SH SOLE 2229886 0 160600 INTERMUNE INC COMMON 45884X103 122927 2604927 SH SOLE 1903735 0 701192 LIFE TECHNOLOGIES COMMON 53217V109 103382 1972195 SH SOLE 1217901 0 754294 LUMINEX CORP DEL COMMON 55027E102 57844 3083349 SH SOLE 2866325 0 217024 MAP PHARMACEUTICALS COMMON 56509R108 3310 240000 SH SOLE 240000 0 0 MEDIVATION INC COMMON 58501N101 26818 1438744 SH SOLE 1306318 0 132426 MEDTRONIC INC COMMON 585055106 104863 2664877 SH SOLE 241877 0 2423000 MERCK & CO INC COMMON 58933Y105 1363 41300 SH SOLE 41300 0 0 MICROMET INC COMMON 59509C105 14662 2615905 SH SOLE 2498805 0 117100 MYLAN INC COMMON 628530107 143897 6350246 SH SOLE 2036079 0 4314167 MYRIAD GENETICS INC COMMON 62855J104 24418 1211816 SH SOLE 1108100 0 103716 NOVARTIS AG SP ADR 66987V109 2212 40700 SH SOLE 40700 0 0 NOVO-NORDISK AS ADR 670100205 5876 46918 SH SOLE 16418 0 30500 ONYX PHARMACEUTICALS COMMON 683399109 128080 3640715 SH SOLE 2163817 0 1476898 OPTIMER PHARMA COMMON 68401H104 19825 1675800 SH SOLE 1622900 0 52900 PERRIGO CO COMMON 714290103 31683 398430 SH SOLE 367254 0 31176 PHARMACYCLICS INC COMMON 716933106 5981 1015490 SH SOLE 1015490 0 0 SAVIENT PHARMA COMMON 80517Q100 51570 4865087 SH SOLE 2699296 0 2165791 SEQUENOM INC COM NEW 817337405 30281 4776153 SH SOLE 2981295 0 1794858 SHIRE PLC SP ADR 82481R106 30591 351503 SH SOLE 324456 0 27047 ST JUDE MEDICAL INC COMMON 790849103 82510 1609639 SH SOLE 139994 0 1469645 STRYKER CORP COMMON 863667101 52045 856011 SH SOLE 69703 0 786308 TARGACEPT INC COMMON 87611R306 27775 1044573 SH SOLE 958273 0 86300 TEVA PHARMACEUTICAL ADR 881624209 130673 2604608 SH SOLE 795483 0 1809125 THORATEC LABS CORP COMMON 885175307 45453 1752894 SH SOLE 174871 0 1578023 TRIUS THERAPEUTIC COMMON 89685K100 3420 600000 SH SOLE 600000 0 0 UNITED THERAPEUTICS COMMON 91307C102 197310 2944047 SH SOLE 1810680 0 1133367 VARIAN MED SYS INC COMMON 92220P105 62486 923796 SH SOLE 81330 0 842466 VERTEX PHARMACEUTICL COMMON 92532F100 119595 2495203 SH SOLE 1923896 0 571307 WATSON PHARMACEUTCLS COMMON 942683103 25471 454750 SH SOLE 421605 0 33145 XENOPORT INC COMMON 98411C100 14268 2406000 SH SOLE 2211989 0 194011