0000950159-11-000724.txt : 20111114 0000950159-11-000724.hdr.sgml : 20111111 20111114091643 ACCESSION NUMBER: 0000950159-11-000724 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111114 DATE AS OF CHANGE: 20111114 EFFECTIVENESS DATE: 20111114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEERFIELD MANAGEMENT CO /NY CENTRAL INDEX KEY: 0001009258 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05366 FILM NUMBER: 111198208 BUSINESS ADDRESS: STREET 1: 780 THIRD AVENUE STREET 2: 37TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2125511600 MAIL ADDRESS: STREET 1: 780 THIRD AVENUE, 37TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 13F-HR 1 deerfield13fhr.txt DEERFIELD MANAGEMENT COMPANY, LP 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 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: Deerfield Management Company, LP Address: 780 Third Avenue, 37th Floor New York, NY 10017 Form 13F File Number: 28-5366 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: Flynn Management LLC, its general partner Name: James E. Flynn Title: Managing Member Phone: 212-551-1600 Signature, Place, and Date of Signing: /s/ James E. Flynn New York, NY 11/14/2011 ------------------ ------------ ----------- [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 is reported in this report and a portion is reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 121 Form 13F Information Table Value Total: $1,741,858 (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. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name 01 28-11827 Flynn Management LLC
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP x($1000) PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE ---------------------------- ---------------- --------- -------- -------- -------- -------- -------- -------- ------ ------- ACELRX PHARMACEUTICALS INC COM 00444T100 1,400 436,085 SH DEFINED 01 436,085 ACORDA THERAPEUTICS INC COM 00484M106 599 30,000 SH DEFINED 01 30,000 AETNA INC NEW COM 00817Y108 29,632 815,397 SH DEFINED 01 815,397 AGENUS INC COM 00847G101 1,034 2,200,181 SH DEFINED 01 2,200,181 ALERE INC NOTE 3.000% 5/1 01449JAA3 2,175 2,500,000 PRN DEFINED 01 2,500,000 AMARIN CORP PLC SPONS ADR NEW 023111206 8,912 968,716 SH DEFINED 01 968,716 AMERIGROUP CORP COM 03073T102 8,582 220,000 SH DEFINED 01 220,000 AMGEN INC COM 031162100 3,099 56,382 SH DEFINED 01 56,382 AMGEN INC COM STK COM 031162100 1,896 34,500 PUT DEFINED 01 34,500 AMYLIN PHARMACEUTICALS INC NOTE 3.000% 6/1 032346AF5 142,383 160,680,000 PRN DEFINED 01 160,680,000 ANGIODYNAMICS INC COM 03475V101 29,193 2,221,694 SH DEFINED 01 2,221,694 ANTARES PHARMA INC COM 036642106 5,700 2,456,940 SH DEFINED 01 2,456,940 ANTHERA PHARMACEUTICALS INC COM 03674U102 3,816 800,000 SH DEFINED 01 800,000 APRICUS BIOSCIENCES INC COM 03832V109 72 20,000 SH DEFINED 01 20,000 ARDEA BIOSCIENCES INC COM 03969P107 5,211 333,589 SH DEFINED 01 333,589 ARRAY BIOPHARMA INC COM 04269X105 11,082 5,682,846 SH DEFINED 01 5,682,846 AUXILIUM PHARMACEUTICALS INC COM 05334D107 675 45,000 SH DEFINED 01 45,000 AVANIR PHARMACEUTICALS INC CL A NEW 05348P401 7,581 2,655,500 SH DEFINED 01 2,655,500 BIOGEN IDEC INC COM 09062X103 1,044 11,213 SH DEFINED 01 11,213 BIOLASE TECHNOLOGY INC COM 090911108 2,184 727,929 SH DEFINED 01 727,929 BIOSANTE PHARMACEUTICALS INC COM NEW 09065V203 1,254 550,000 SH DEFINED 01 550,000 BIOSCRIP INC COM 09069N108 3,180 500,000 SH DEFINED 01 500,000 BRISTOL MYERS SQUIBB CO COM 110122108 6,450 1,305,558 SH DEFINED 01 1,305,558 BRISTOL MYERS SQUIBB CO COM 110122108 17,259 550,000 CALL DEFINED 01 550,000 BROOKDALE SR LIVING INC NOTE 2.750% 6/1 112463AA2 7,558 10,000,000 PRN DEFINED 01 10,000,000 BSD MED CORP DEL COM 055662100 73 27,322 SH DEFINED 01 27,322 CARDINAL HEALTH INC COM 14149Y108 13,988 334,000 SH DEFINED 01 334,000 CARDIOVASCULAR SYS INC DEL COM 141619106 6,497 570,455 SH DEFINED 01 570,455 CENTENE CORP DEL COM 15135B101 22,076 770,000 SH DEFINED 01 770,000 CEPHALON INC COM 156708109 4,610 57,126 SH DEFINED 01 57,126 CHEMED CORP NEW NOTE 1.875% 5/1 16359RAC7 15,880 16,000,000 PRN DEFINED 01 16,000,000 CLEVELAND BIOLABS INC COM 185860103 484 191,286 SH DEFINED 01 191,286 CONCEPTUS INC COM 206016107 4,165 397,807 SH DEFINED 01 397,807 CONCEPTUS INC NOTE 2.250% 2/1 206016AA5 24,577 24,825,000 PRN DEFINED 01 24,825,000 COVIDIEN PLC SHS G2554F113 2,315 52,500 SH DEFINED 01 52,500 CVS CAREMARK CORPORATION COM 126650100 26,799 797,841 SH DEFINED 01 797,841 CYTOKINETICS INC COM 23282W100 2,904 6,132,051 SH DEFINED 01 6,132,051 DELCATH SYS INC COM 24661P104 490 146,711 SH DEFINED 01 146,711 DENDREON CORP NOTE 2.875% 1/1 24823QAC1 35,884 48,033,000 PRN DEFINED 01 48,033,000 DERMA SCIENCES INC COM PAR $.01 249827502 3,167 406,556 SH DEFINED 01 406,556 DUSA PHARMACEUTICALS INC COM 266898105 4,130 1,116,200 SH DEFINED 01 1,116,200 DYNAVAX TECHNOLOGIES CORP COM 268158102 3,208 1,724,691 SH DEFINED 01 1,724,691 LILLY ELI & CO COM 532457108 9,243 250,000 CALL DEFINED 01 250,000 EXELIXIS INC COM 30161Q104 7,172 1,313,581 SH DEFINED 01 1,313,581 EXPRESS SCRIPTS INC COM 302182100 29,686 800,800 SH DEFINED 01 800,800 EXPRESS SCRIPTS INC COM 302182100 7,414 200,000 CALL DEFINED 01 200,000 FIVE STAR QUALITY CARE INC COM 33832D106 1,345 537,941 SH DEFINED 01 537,941 FLAMEL TECHNOLOGIES SA SPONSORED ADR 338488109 5,252 1,259,367 SH DEFINED 01 1,259,367 FOREST LABS INC COM 345838106 42,876 1,392,546 SH DEFINED 01 1,392,546 FOREST LABS INC COM 345838106 33,869 1,100,000 CALL DEFINED 01 1,100,000 GEN-PROBE INC NEW COM 36866T103 15,744 275,000 SH DEFINED 01 275,000 GEN-PROBE INC NEW COM 36866T103 1,431 25,000 CALL DEFINED 01 25,000 GILEAD SCIENCES INC COM 375558103 970 25,000 SH DEFINED 01 25,000 HALOZYME THERAPEUTICS INC COM 40637H109 43,041 7,009,982 SH DEFINED 01 7,009,982 HEALTHSOUTH CORP COM NEW 421924309 1,051 70,418 SH DEFINED 01 70,418 HEARTWARE INTL INC NOTE 3.500%12/1 422368AA8 22,232 22,400,000 PRN DEFINED 01 22,400,000 HILL ROM HLDGS INC COM 431475102 18,706 623,116 SH DEFINED 01 623,116 HUMANA INC COM 444859102 24,430 335,900 SH DEFINED 01 335,900 IBIO INC COM 451033104 57 35,714 SH DEFINED 01 35,714 INSULET CORP NOTE 3.750% 6/1 45784PAC5 7,320 8,000,000 PRN DEFINED 01 8,000,000 INTERMUNE INC COM 45884X103 30,675 1,518,579 SH DEFINED 01 1,518,579 INTERMUNE INC NOTE 2.500% 9/1 45884XAE3 30,161 33,559,000 PRN DEFINED 01 33,559,000 ISTA PHARMACEUTICALS INC COM NEW 45031X204 10,194 2,954,848 SH DEFINED 01 2,954,848 KERYX BIOPHARMACEUTICALS INC COM 492515101 1,140 380,000 SH DEFINED 01 380,000 KINDRED HEALTHCARE INC COM 494580103 7,396 858,000 SH DEFINED 01 858,000 MAP PHARMACEUTICALS INC COM 56509R108 11,268 770,741 SH DEFINED 01 770,741 MCKESSON CORP COM 58155Q103 8,314 114,363 SH DEFINED 01 114,363 MEDCO HEALTH SOLUTIONS INC COM 58405U102 7,043 150,204 SH DEFINED 01 150,204 MEDCO HEALTH SOLUTIONS INC COM 58405U102 17,584 375,000 CALL DEFINED 01 375,000 MEDICINES CO COM 584688105 61,227 4,114,747 SH DEFINED 01 4,114,747 MEDIVATION INC COM 58501N101 17,313 1,019,600 SH DEFINED 01 1,019,600 MEDIVATION INC COM 58501N101 1,698 100,000 CALL DEFINED 01 100,000 MERCK & CO INC NEW COM 58933Y105 31,065 950,000 CALL DEFINED 01 950,000 MERIT MED SYS INC COM 589889104 15,147 1,152,729 SH DEFINED 01 1,152,729 METROPOLITAN HEALTH NETWORKS COM 592142103 4,176 919,914 SH DEFINED 01 919,914 MOLINA HEALTHCARE INC NOTE 3.750%10/0 60855RAA8 39,745 40,950,000 PRN DEFINED 01 40,950,000 MOLINA HEALTHCARE INC COM 60855R100 984 63,756 SH DEFINED 01 63,756 MOMENTA PHARMACEUTICALS INC COM 60877T100 907 78,847 SH DEFINED 01 78,847 MYLAN INC COM 628530107 45,390 2,671,550 SH DEFINED 01 2,671,550 NATUS MEDICAL INC DEL COM 639050103 27,864 2,930,000 SH DEFINED 01 2,930,000 NEKTAR THERAPEUTICS NOTE 3.250% 9/2 640268AH1 42,151 42,499,000 PRN DEFINED 01 42,499,000 NEOSTEM INC COM NEW 640650305 245 376,929 SH DEFINED 01 376,929 NEUROGESX INC COM 641252101 485 545,313 SH DEFINED 01 545,313 NUVASIVE INC COM 670704105 1,215 71,201 SH DEFINED 01 71,201 NUVASIVE INC NOTE 2.250% 3/1 670704AB1 38,324 40,235,000 PRN DEFINED 01 40,235,000 NUVASIVE INC NOTE 2.750% 7/0 670704AC9 18,982 22,500,000 PRN DEFINED 01 22,500,000 NXSTAGE MEDICAL INC COM 67072V103 43,959 2,107,344 SH DEFINED 01 2,107,344 ONYX PHARMACEUTICALS INC NOTE 4.000% 8/1 683399AB5 56,688 50,333,000 SH DEFINED 01 50,333,000 PACIFIC BIOSCIENCES CALIF IN COM 69404D108 9,557 2,977,337 SH DEFINED 01 2,977,337 PALATIN TECHNOLOGIES INC COM PAR $.01 696077403 1,541 3,022,103 SH DEFINED 01 3,022,103 PDL BIOPHARMA INC NOTE 3.750% 5/0 69329YAC8 4,749 5,000,000 PRN DEFINED 01 5,000,000 PFIZER INC COM 717081103 39,957 2,260,000 SH DEFINED 01 2,260,000 PFIZER INC COM 717081103 30,940 1,750,000 CALL DEFINED 01 1,750,000 PROGENICS PHARMACEUTICALS IN COM 743187106 7,255 1,263,893 SH DEFINED 01 1,263,893 RAPTOR PHARMACEUTICAL CORP COM 75382F106 5,145 1,140,783 SH DEFINED 01 1,140,783 RIGEL PHARMACEUTICALS INC COM NEW 766559603 51,712 7,026,071 SH DEFINED 01 7,026,071 ROCKWELL MEDICAL TECH COM 774374102 3,919 480,301 SH DEFINED 01 480,301 SALIX PHARMACEUTICALS INC COM 795435106 34,328 1,159,725 SH DEFINED 01 1,159,725 SERVICE CORP INTL COM 817565104 9,748 1,064,229 SH DEFINED 01 1,064,229 SOMAXON PHARMACEUTICALS INC COM 834453102 38 44,053 SH DEFINED 01 44,053 ST JUDE MED INC COM 790849103 18,095 500,000 CALL DEFINED 01 500,000 STRYKER CORP COM 863667101 10,882 230,900 SH DEFINED 01 230,900 TEARLAB CORP COM 878193101 371 412,088 SH DEFINED 01 412,088 TENET HEALTHCARE CORP COM 88033G100 2,466 600,010 SH DEFINED 01 600,010 TENET HEALTHCARE CORP COM 88033G100 645 157,000 CALL DEFINED 01 157,000 TENGION INC COM 88034G109 572 1,060,070 SH DEFINED 01 1,060,070 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 67,934 1,825,200 SH DEFINED 01 1,825,200 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 37,220 1,000,000 CALL DEFINED 01 1,000,000 TRANZYME INC COM 89413J102 403 152,678 SH DEFINED 01 152,678 TRIPLE-S MGMT CORP CL B 896749108 7,425 443,261 SH DEFINED 01 443,261 UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 3,025 90,000 SH DEFINED 01 90,000 VERTEX PHARMACEUTICALS INC COM 92532F100 3,335 75,000 PUT DEFINED 01 75,000 VERTEX PHARMACEUTICALS INC COM 92532F100 3,335 75,000 PUT DEFINED 01 75,000 WALGREEN CO COM 931422109 16,445 500,000 CALL DEFINED 01 500,000 WALGREEN CO COM 931422109 16,445 500,000 CALL DEFINED 01 500,000 WARNER CHILCOTT PLC IRELAND COM G94368100 406 28,396 SH DEFINED 01 28,396 WELLPOINT INC COM 94973V107 2,138 32,758 SH DEFINED 01 32,758 GREATBATCH INC SDCV 2.250% 6/1 39153LAB2 9,768 10,000,000 PRN DEFINED 01 10,000,000 YM BIOSCIENCES INC COM 984238105 4,586 2,465,782 SH DEFINED 01 2,465,782 ZOGENIX INC COM 98978L105 2,646 1,445,848 SH DEFINED 01 1,445,848 ZOLL MED CORP COM 989922109 18,430 488,329 SH DEFINED 01 488,329 121 1,741,858