13F-HR 1 deerfield13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2009 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 8/14/09 ------------------- --------------- ------------- [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).)
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 --------------------------- ---------------- --------- ------- -------- ------- ------- -------- -------- ------ -------- AMERISOURCEBERGEN CORP COM 03073E105 26,904 1,520,000 SH DEFINED 01 1,520,000 AMGEN INC COM 031162100 18,794 355,000 SH DEFINED 01 355,000 AMGEN INC COM 031162100 26,470 500,000 CALL DEFINED 01 500,000 AMICAS INC COM 001712108 2,117 761,594 SH DEFINED 01 761,594 AMYLIN PHARMACEUTICALS INC NOTE 2.500% 4/1 032346AD0 25,665 29,000,000 PRN DEFINED 01 29,000,000 AP PHARMA INC COM NEW 00202J203 1,886 2,006,147 SH DEFINED 01 2,006,147 ARDEA BIOSCIENCES INC COM 03969P107 3,704 235,293 SH DEFINED 01 235,293 ARENA PHARMACEUTICALS INC COM 040047102 4,990 1,000,000 SH DEFINED 01 1,000,000 ARRAY BIOPHARMA INC COM 04269X105 15,081 4,802,846 SH DEFINED 01 4,802,846 ATS MED INC NOTE 6.000% 10/1 002083AB9 1,863 2,000,000 PRN DEFINED 01 2,000,000 BECKMAN COULTER INC COM 075811109 24,147 422,600 SH DEFINED 01 422,600 BIOSPHERE MEDICAL INC COM 09066V103 2,814 1,177,385 SH DEFINED 01 1,177,385 CAPITAL SR LIVING CORP COM 140475104 1,247 274,151 SH DEFINED 01 274,151 CARDINAL HEALTH INC COM 14149Y108 7,638 250,000 SH DEFINED 01 250,000 CARDIOME PHARMA CORP COM NEW 14159U202 3,858 1,037,083 SH DEFINED 01 1,037,083 CENTENE CORP DEL COM 15135B101 1,998 100,000 SH DEFINED 01 100,000 CEPHALON INC NOTE 2.500% 5/0 156708AR0 11,910 12,000,000 PRN DEFINED 01 12,000,000 CONCEPTUS INC NOTE 2.250% 2/1 206016AA5 6,908 7,850,000 PRN DEFINED 01 7,850,000 CONMED CORP NOTE 2.500% 11/1 207410AD3 5,656 6,674,000 PRN DEFINED 01 6,674,000 CUBIST PHARMACEUTICALS INC NOTE 2.250% 6/1 229678AC1 2,539 3,000,000 PRN DEFINED 01 3,000,000 CYTOKINETICS INC COM 23282W100 3,723 1,315,700 SH DEFINED 01 1,315,700 DAVITA INC COM 23918K108 14,343 290,000 SH DEFINED 01 290,000 DENDREON CORP COM 24823Q107 2,518 100,700 PUT DEFINED 01 100,700 DIALYSIS CORP AMER COM 252529102 3,233 645,406 SH DEFINED 01 645,406 DUSA PHARMACEUTICALS INC COM 266898105 3,319 3,016,965 SH DEFINED 01 3,016,965 EMERGENCY MEDICAL SVCS CORP CL A 29100P102 8,863 240,716 SH DEFINED 01 240,716 ENDO PHARMA HLDGS I NOTE 1.750% 4/1 29264FAA4 6,390 8,000,000 PRN DEFINED 01 8,000,000 FIVE STAR QUALITY CARE INC COM 33832D106 2,157 1,129,461 SH DEFINED 01 1,129,461 FRESENIUS MED CARE AG&CO SPONSORED ADR 358029106 9,900 220,000 SH DEFINED 01 220,000 GIVEN IMAGING ORD SHS M52020100 2,463 250,000 SH DEFINED 01 250,000 HALOZYME THERAPEUTIC S INC COM 40637H109 22,136 3,171,376 SH DEFINED 01 3,171,376 HANA BIOSCIENCES INC COM 40963P105 1,496 3,150,000 SH DEFINED 01 3,150,000 HILL ROM HLDGS INC COM 431475102 2,580 159,070 SH DEFINED 01 159,070 HI-TECH PHARMACAL INC COM 42840B101 163 18,365 SH DEFINED 01 18,365 INSPIRE PHARMACEUTICALS INC COM 457733103 30,697 5,521,011 SH DEFINED 01 5,521,011 INTERMUNE INC NOTE 0.250% 3/0 45884XAC7 4,588 5,000,000 PRN DEFINED 01 5,000,000 INTERMUNE INC COM 45884X103 21,103 1,388,363 SH DEFINED 01 1,388,363 INTERMUNE INC COM 45884X103 10,640 700,000 CALL DEFINED 01 700,000 ISTA PHARMACEUTICALS INC COM NEW 45031X204 12,949 3,083,157 SH DEFINED 01 3,083,157 JAVELIN PHARMACEUTICALS INC COM 471894105 1,912 1,554,839 SH DEFINED 01 1,554,839 MAGELLAN HEALTH SERVICES INC COM NEW 559079207 15,425 470,000 SH DEFINED 01 470,000 MCKESSON CORP COM 58155Q103 14,300 325,000 SH DEFINED 01 325,000 MEDICINES CO COM 584688105 38,518 4,590,988 SH DEFINED 01 4,590,988 MEDICIS PHARMACEUTICAL CORP NOTE 2.500% 6/0 58470KAA2 14,158 16,439,000 PRN DEFINED 01 16,439,000 MEDTRONIC INC COM 585055106 21,806 625,000 SH DEFINED 01 625,000 MEDTRONIC INC NOTE 1.500% 4/1 585055AL0 19,060 19,700,000 PRN DEFINED 01 19,700,000 MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 18,425 20,000,000 PRN DEFINED 01 20,000,000 MOLINA HEALTHCARE IN C COM 60855R100 3,228 134,953 SH DEFINED 01 134,953 MYLAN INC NOTE 1.250% 3/1 628530AG2 6,516 7,500,000 PRN DEFINED 01 7,500,000 NEUROGESX INC COM 641252101 10,456 1,853,877 SH DEFINED 01 1,853,877 NEUROMETRIX INC COM 641255104 3,985 1,845,000 SH DEFINED 01 1,845,000 NOVO-NORDISK A S ADR 670100205 11,040 202,723 SH DEFINED 01 202,723 NOVO-NORDISK A S ADR 670100205 13,615 250,000 CALL DEFINED 01 250,000 NXSTAGE MEDICAL INC COM 67072V103 30,252 5,136,175 SH DEFINED 01 5,136,175 OMNICARE INC COM 681904108 32,568 1,264,300 SH DEFINED 01 1,264,300 OMNICARE INC DBCV 3.250% 12/1 681904AL2 6,888 10,000,000 PRN DEFINED 01 10,000,000 ONYX PHARMACEUTICALS INC COM 683399109 22,052 780,314 SH DEFINED 01 780,314 OSI PHARMACEUTICALS INC COM 671040103 1,976 70,000 SH DEFINED 01 70,000 PAR PHARMACEUTICAL COS INC COM 69888P106 56,122 3,704,416 SH DEFINED 01 3,704,416 PFIZER INC COM 717081103 31,800 2,120,000 SH DEFINED 01 2,120,000 PHARMASSET INC COM 71715N106 12,484 1,109,699 SH DEFINED 01 1,109,699 PONIARD PHARMACEUTICALS INC COM NEW 732449301 8,615 1,443,044 SH DEFINED 01 1,443,044 PROTEIN DESIGN LABS INC NOTE 2.750% 8/1 74369LAD5 20,275 20,000,000 PRN DEFINED 01 20,000,000 RADNET INC COM 750491102 7,974 3,544,000 SH DEFINED 01 3,544,000 RES-CARE INC COM 760943100 9,784 684,180 SH DEFINED 01 684,180 RIGEL PHARMACEUTICALS INC COM NEW 766559603 30,774 2,539,086 SH DEFINED 01 2,539,086 RTI BIOLOGICS INC COM 74975N105 1,853 431,933 SH DEFINED 01 431,933 SALIX PHARMACEUTICALS INC COM 795435106 62,521 6,334,486 SH DEFINED 01 6,334,486 SANTARUS INC COM 802817304 185 65,743 SH DEFINED 01 65,743 SEPRACOR INC COM 817315104 52,134 3,006,602 SH DEFINED 01 3,006,602 SEPRACOR INC COM 817315104 8,670 500,000 CALL DEFINED 01 500,000 SEPRACOR INC NOTE 10/1 817315AW4 8,413 8,552,000 PRN DEFINED 01 8,552,000 SEPRACOR INC NOTE 12/1 817315AU8 16,263 17,582,000 PRN DEFINED 01 17,582,000 SPECTRANETICS CORP COM 84760C107 5,423 1,100,000 SH DEFINED 01 1,100,000 SUNESIS PHARMACEUTICALS INC COM 867328502 294 718,218 SH DEFINED 01 718,218 THORATEC CORP COM NEW 885175307 14,060 525,000 SH DEFINED 01 525,000 VALEANT PHARMACEUTICALS INTL NOTE 3.000% 8/1 91911XAB0 12,738 12,504,000 PRN DEFINED 01 12,504,000 VOLCANO CORPORATION COM 928645100 1,976 141,335 SH DEFINED 01 141,335 WELLCARE HEALTH PLANS INC COM 94946T106 1,849 100,000 SH DEFINED 01 100,000 WYETH COM 983024100 6,809 150,000 SH DEFINED 01 150,000 ZYMOGENETICS INC COM 98985T109 27,448 5,966,990 SH DEFINED 01 5,966,990 81 1,044,094
FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 81 Form 13F Information Table Value Total: $1,044,094 (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