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