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
TARGACEPT INC NOTE 87611RAA6 669 669,166 PRN   SOLE   669,166 0 0
ALLERGAN PLC COM G0177J908 11,555 50,000 SH Call SOLE   50,000 0 0
ARRAY BIOPHARMA INC COM 04269X905 1,851 520,000 SH Call SOLE   520,000 0 0
GILEAD SCIENCES INC COM 375558903 12,513 150,000 SH Call SOLE   150,000 0 0
IMMUNOGEN INC COM 45253H901 922 299,500 SH Call SOLE   299,500 0 0
IRONWOOD PHARMACEUTICALS INC COM 46333X908 7,606 581,500 SH Call SOLE   581,500 0 0
AKARI THERAPEUTICS PLC SPONSORED ADR 00972G108 856 63,468 SH   SOLE   63,468 0 0
BEIGENE LTD SPONSORED ADR 07725L102 5,226 175,380 SH   SOLE   175,380 0 0
GALAPAGOS NV SPONSORED ADR 36315X101 24,373 439,385 SH   SOLE   439,385 0 0
NABRIVA THERAPEUTICS AG SPONSORED ADR 62957M104 4,221 562,741 SH   SOLE   562,741 0 0
FORWARD PHARMA A/S SPONSORED ADR 34986J105 1,532 84,332 SH   SOLE   84,332 0 0
ACCELERON PHARMA INC COM 00434H108 12,620 371,381 SH   SOLE   371,381 0 0
ACHAOGEN INC COM 004449104 5,957 1,571,708 SH   SOLE   1,571,708 0 0
ADVAXIS INC COM 007624208 751 92,800 SH   SOLE   92,800 0 0
ASSEMBLY BIOSCIENCES INC COM 045396108 16,335 2,943,164 SH   SOLE   2,943,164 0 0
COLLEGIUM PHARMACEUTICAL INC COM 19459J104 3,339 281,776 SH   SOLE   281,776 0 0
CYTOKINETICS INC COM 23282W605 20,306 2,139,697 SH   SOLE   2,139,697 0 0
DERMIRA INC COM 24983L104 7,956 272,000 SH   SOLE   272,000 0 0
EDITAS MEDICINE INC COM 28106W103 2,085 85,469 SH   SOLE   85,469 0 0
EIGER BIOPHARMACEUTICALS INC COM 28249U105 281 14,190 SH   SOLE   14,190 0 0
ENANTA PHARMACEUTICALS INC COM 29251M106 3,018 136,882 SH   SOLE   136,882 0 0
EPIZYME INC COM 29428V104 7,732 755,046 SH   SOLE   755,046 0 0
FIBROGEN INC COM 31572Q808 12,943 788,745 SH   SOLE   788,745 0 0
INTRA CELLULAR THERAPIES INC COM 46116X101 9,509 244,950 SH   SOLE   244,950 0 0
IRONWOOD PHARMACEUTICALS INC COM 46333X108 31,778 2,430,451 SH   SOLE   2,430,451 0 0
KINDRED BIOSCIENCES INC COM 494577109 5,072 1,432,765 SH   SOLE   1,432,765 0 0
RETROPHIN INC COM 761299106 21,819 1,225,084 SH   SOLE   1,225,084 0 0
SYNDAX PHARMACEUTICALS INC COM 87164F105 3,520 357,365 SH   SOLE   357,365 0 0
TESARO INC COM 881569107 773 9,200 SH   SOLE   9,200 0 0
XENCOR INC COM 98401F105 3,190 168,000 SH   SOLE   168,000 0 0
INTELLIA THERAPEUTICS INC COM 45826J105 6,633 310,695 SH   SOLE   310,695 0 0
KURA ONCOLOGY INC COM 50127T109 6,681 2,465,286 SH   SOLE   2,465,286 0 0