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
ALIMERA SCIENCES INC COM 016259103 644 477,226 SH   SOLE   477,226 0 0
APOLLO ENDOSURGERY INC COM 03767D108 11,067 2,364,707 SH   SOLE   2,364,707 0 0
AVADEL PHARMACEUTICALS PLC SPONSORED ADR 05337M104 10,345 985,210 SH   SOLE   985,210 0 0
BIODELIVERY SCIENCES INTL COM 09060J106 11,409 3,867,400 SH   SOLE   3,867,400 0 0
BIOSPECIFICS TECHNOLOGIES COM 090931106 9,833 211,370 SH   SOLE   211,370 0 0
CAS MEDICAL SYSTEMS INC COM PAR 124769209 748 812,718 SH   SOLE   812,718 0 0
COMBIMATRIX CORP COM PAR 20009T501 475 63,283 SH   SOLE   63,283 0 0
CUMBERLAND PHARMACEUTICALS COM 230770109 8,982 1,272,191 SH   SOLE   1,272,191 0 0
CARDIOME PHARMA CORP COM NO PAR 14159U301 6,106 2,866,785 SH   SOLE   2,866,785 0 0
CTI BIOPHARMA CORP COM NEW 12648L601 3,168 993,000 SH   SOLE   993,000 0 0
ENANTA PHARMACEUTICALS INC COM 29251M106 18,252 390,000 SH   SOLE   390,000 0 0
INTERCEPT PHARMACEUTICALS IN COM 45845P108 1,080 18,600 SH   SOLE   18,600 0 0
NOVELION THERAPEUTICS INC COM NEW 67001K202 12,839 1,826,364 SH   SOLE   1,826,364 0 0
OPHTHOTECH CORP COM 683745103 9,834 3,487,209 SH   SOLE   3,487,209 0 0
OXFORD IMMUNOTEC GLOBAL PLC ORD SHS G6855A103 2,726 162,286 SH   SOLE   162,286 0 0
PACIRA PHARMACEUTICALS INC COM 695127100 14,089 375,200 SH   SOLE   375,200 0 0
RECRO PHARMA INC COM 75629F109 13,073 1,455,818 SH   SOLE   1,455,818 0 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 688 122,668 SH   SOLE   122,668 0 0
VERICEL CORP COM 92346J108 5,854 975,711 SH   SOLE   975,711 0 0
VERACYTE INC COM 92337F107 2,894 330,000 SH   SOLE   330,000 0 0
VIVEVE MEDICAL INC COM NEW 92852W204 20,172 3,849,711 SH   SOLE   3,849,711 0 0
VANDA PHARMACEUTICALS INC COM 921659108 5,370 300,000 SH   SOLE   300,000 0 0