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
CASCADIAN THERAPEUTICS INC COM 14740B906 430 103,800 SH Call SOLE   103,800 0 0
GILEAD SCIENCES INC COM 375558903 33,960 500,000 SH Call SOLE   500,000 0 0
ASCENDIS PHARMA A S SPONSORED ADR 04351P101 28,720 1,025,700 SH   SOLE   1,025,700 0 0
FORWARD PHARMA A/S SPONSORED ADR 34986J105 108 5,025 SH   SOLE   5,025 0 0
GALAPAGOS NV SPONSORED ADR 36315X101 47,494 551,041 SH   SOLE   551,041 0 0
NABRIVA THERAPEUTICS AG SPONSORED ADR 62957M104 3,177 264,773 SH   SOLE   264,773 0 0
ACLARIS THERAPEUTICS INC COM 00461U105 20,072 673,100 SH   SOLE   673,100 0 0
ADVERUM BIOTECHNOLOGIES INC COM 00773U108 2,361 874,447 SH   SOLE   874,447 0 0
AGIOS PHARMACEUTICALS INC COM 00847X104 1,361 23,300 SH   SOLE   23,300 0 0
ASSEMBLY BIOSCIENCES INC COM 045396108 75,021 2,943,164 SH   SOLE   2,943,164 0 0
ATARA BIOTHERAPEUTICS INC COM 046513107 8,935 434,812 SH   SOLE   434,812 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 928 17,060 SH   SOLE   17,060 0 0
CASCADIAN THERAPEUTICS INC COM 14740B606 12,420 3,000,000 SH   SOLE   3,000,000 0 0
CHEMOCENTRYX INC COM 16383L106 859 118,000 SH   SOLE   118,000 0 0
CYTOMX THERAPEUTICS INC COM 23284F105 13,729 794,969 SH   SOLE   794,969 0 0
DICERNA PHARMACEUTICALS INC COM 253031108 1,299 382,000 SH   SOLE   382,000 0 0
FATE THERAPEUTICS INC COM 31189P102 11,543 2,537,026 SH   SOLE   2,537,026 0 0
FIBROGEN INC COM 31572Q808 1,036 42,009 SH   SOLE   42,009 0 0
IRONWOOD PHARMACEUTICALS INC COM 46333X108 49,568 2,905,515 SH   SOLE   2,905,515 0 0
JOUNCE THERAPEUTICS INC COM 481116101 5,683 258,457 SH   SOLE   258,457 0 0
KINDRED BIOSCIENCES INC COM 494577109 3,841 544,880 SH   SOLE   544,880 0 0
KURA ONCOLOGY INC COM COM 50127T109 22,985 2,611,906 SH   SOLE   2,611,906 0 0
ATYR PHARMA INC COM 002120103 8,024 2,292,659 SH   SOLE   2,292,659 0 0
OREXIGEN THERAPEUTICS INC COM 686164302 405 117,726 SH   SOLE   117,726 0 0
OVASCIENCE INC COM 69014Q101 6,568 3,512,332 SH   SOLE   3,512,332 0 0
REGULUS THERAPEUTICS INC COM 75915K101 2,492 1,510,000 SH   SOLE   1,510,000 0 0
SYNDAX PHARMACEUTICALS INC COM COM 87164F105 484 35,301 SH   SOLE   35,301 0 0
SYROS PHARMACEUTICALS INC COM 87184Q107 1,013 63,596 SH   SOLE   63,596 0 0
VIVEVE MED INC COM 92852W204 1,583 250,000 SH   SOLE   250,000 0 0
VERSARTIS INC COM 92529L102 2,135 100,000 SH   SOLE   100,000 0 0
WAVE LIFE SCIENCES LTD SHS Y95308105 275 10,000 SH   SOLE   10,000 0 0
XENCOR INC COM 98401F105 5,617 234,813 SH   SOLE   234,813 0 0
THERAVANCE BIOPHARMA INC NOTE 88339KAA0 21,441 17,000,000 PRN   SOLE   17,000,000 0 0