0001140361-12-007593.txt : 20120214
0001140361-12-007593.hdr.sgml : 20120214
20120214091727
ACCESSION NUMBER: 0001140361-12-007593
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111231
FILED AS OF DATE: 20120214
DATE AS OF CHANGE: 20120214
EFFECTIVENESS DATE: 20120214
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: DEERFIELD MANAGEMENT CO /NY
CENTRAL INDEX KEY: 0001009258
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-05366
FILM NUMBER: 12602941
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
form13fhr.txt
NONE
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 12/31/2011
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 submission.
Persons Signing this Report on Behalf of Reporting Manager:
Name: Flynn Management LLC, its general Partner James E. Flynn
Title: Managing Member
Phone: 212-551-1600
Signature, Place, and Date of Signing:
/s/ James E. Flynn New York, NY 2/14/2012
--------------------------------- --------------------------------- ----------
[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 are reported in this report and a portion are
reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 108
Form 13F Information Table Value Total: $ 1,904,961
--------------
(In Thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
No. Form 13F File Number Name
01 28-11827 Flynn Management LLC
---- -------------------- ----------------------------------------------------
FORM 13F INFORMATION TABLE
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 MANAGERS SOLE SHARED NONE
---------------------------- --------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ----
ACELRX PHARMACEUTICALS INC COM 00444T100 837 436,085 SH DEFINED 01 436,085 0 0
AETNA INC NEW COM 00817Y108 13,748 325,870 SH DEFINED 01 325,870 0 0
AETNA INC NEW COM 00817Y108 4,219 100,000 CALL DEFINED 01 100,000 0 0
ALERE INC NOTE 3.000% 5/1 01449JAA3 2,357 2,500,000 PRN DEFINED 01 2,500,000 0 0
ALKERMES PLC SHS G01767105 99,827 5,750,380 SH DEFINED 01 5,750,380 0 0
AMARIN CORP PLC SPONS ADR NEW 023111206 6,514 869,752 SH DEFINED 01 869,752 0 0
AMYLIN PHARMACEUTICALS INC NOTE 3.000% 6/1 032346AF5 183,243 205,891,000 PRN DEFINED 01 205,891,000 0 0
AMYLIN PHARMACEUTICALS INC COM 032346108 6,334 556,567 SH DEFINED 01 556,567 0 0
AMYLIN PHARMACEUTICALS INC COM 032346108 5,690 500,000 CALL DEFINED 01 500,000 0 0
ANGIODYNAMICS INC COM 03475V101 33,246 2,244,816 SH DEFINED 01 2,244,816 0 0
ANTARES PHARMA INC COM 036642106 7,911 3,595,758 SH DEFINED 01 3,595,758 0 0
ANTHERA PHARMACEUTICALS INC COM 03674U102 4,912 800,000 SH DEFINED 01 800,000 0 0
APRICUS BIOSCIENCES INC COM 03832V109 103 20,000 SH DEFINED 01 20,000 0 0
ARDEA BIOSCIENCES INC COM 03969P107 5,608 333,589 SH DEFINED 01 333,589 0 0
ARRAY BIOPHARMA INC COM 04269X105 12,275 5,682,846 SH DEFINED 01 5,682,846 0 0
AVANIR PHARMACEUTICALS INC CL A NEW 05348P401 5,444 2,655,500 SH DEFINED 01 2,655,500 0 0
BIOGEN IDEC INC COM 09062X103 1,912 17,371 SH DEFINED 01 17,371 0 0
BIOLASE TECHNOLOGY INC COM 090911108 1,889 735,207 SH DEFINED 01 735,207 0 0
BIOSCRIP INC COM 09069N108 5,247 961,000 SH DEFINED 01 961,000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 46,004 1,405,558 SH DEFINED 01 1,405,558 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 19,382 550,000 CALL DEFINED 01 550,000 0 0
BROOKDALE SR LIVING INC NOTE 2.750% 6/1 112463AA2 19,554 22,434,000 PRN DEFINED 01 22,434,000 0 0
BSD MED CORP DEL COM 055662100 65 27,322 SH DEFINED 01 27,322 0 0
CAPITAL SR LIVING CORP COM 140475104 502 63,280 SH DEFINED 01 63,280 0 0
CARDIOVASCULAR SYS INC DEL COM 141619106 7,450 756,352 SH DEFINED 01 756,352 0 0
CELSION CORPORATION COM 15117N305 477 280,346 SH DEFINED 01 280,346 0 0
CENTENE CORP DEL COM 15135B101 20,577 519,762 SH DEFINED 01 519,762 0 0
CHELSEA THERAPEUTICS INTL LT COM 163428105 2,309 450,000 SH DEFINED 01 450,000 0 0
CHEMED CORP NEW NOTE 1.875% 5/1 16359RAC7 19,705 21,019,000 PRN DEFINED 01 21,019,000 0 0
CIGNA CORPORATION COM 125509109 12,600 300,000 SH DEFINED 01 300,000 0 0
CONCEPTUS INC COM 206016107 1,603 126,832 SH DEFINED 01 126,832 0 0
CONMED CORP COM 207410101 10,011 390,000 SH DEFINED 01 390,000 0 0
COVIDIEN PLC SHS G2554F113 15,168 337,000 SH DEFINED 01 337,000 0 0
CUTERA INC COM 232109108 559 75,000 SH DEFINED 01 75,000 0 0
CVS CAREMARK CORPORATION COM 126650100 28,546 700,000 SH DEFINED 01 700,000 0 0
CYTOKINETICS INC COM 23282W100 2,383 6,132,051 SH DEFINED 01 6,132,051 0 0
DENDREON CORP COM 24823Q107 3,800 500,000 PUT DEFINED 01 500,000 0 0
DERMA SCIENCES INC COM PAR $.01 249827502 2,908 383,676 SH DEFINED 01 383,676 0 0
DUSA PHARMACEUTICALS INC COM 266898105 4,953 1,130,833 SH DEFINED 01 1,130,833 0 0
EXELIXIS INC COM 30161Q104 9,177 1,938,076 SH DEFINED 01 1,938,076 0 0
EXPRESS SCRIPTS INC COM 302182100 33,294 745,000 SH DEFINED 01 745,000 0 0
FIVE STAR QUALITY CARE INC COM 33832D106 1,262 420,668 SH DEFINED 01 420,668 0 0
FLAMEL TECHNOLOGIES SA SPONSORED ADR 338488109 6,561 4,333,475 SH DEFINED 01 4,333,475 0 0
FOREST LABS INC COM 345838106 48,272 1,595,246 SH DEFINED 01 1,595,246 0 0
FOREST LABS INC COM 345838106 33,286 1,100,000 CALL DEFINED 01 1,100,000 0 0
GEN-PROBE INC NEW COM 36866T103 1,478 25,000 CALL DEFINED 01 25,000 0 0
GILEAD SCIENCES INC COM 375558103 21,816 533,000 SH DEFINED 01 533,000 0 0
GREATBATCH INC SDCV 2.250% 6/1 39153LAB2 9,821 10,000,000 PRN DEFINED 01 10,000,000 0 0
HALOZYME THERAPEUTICS INC COM 40637H109 62,170 6,537,316 SH DEFINED 01 6,537,316 0 0
HEALTHWAYS INC COM 422245100 1,637 238,612 SH DEFINED 01 238,612 0 0
HEARTWARE INTL INC NOTE 3.500%12/1 422368AA8 23,072 22,400,000 PRN DEFINED 01 22,400,000 0 0
HILL ROM HLDGS INC COM 431475102 11,044 327,803 SH DEFINED 01 327,803 0 0
HOLOGIC INC FRNT 2.000%12/1 436440AA9 26,978 28,170,000 PRN DEFINED 01 28,170,000 0 0
HUMAN GENOME SCIENCES INC COM 444903108 459 62,051 SH DEFINED 01 62,051 0 0
HUMANA INC COM 444859102 15,376 175,500 SH DEFINED 01 175,500 0 0
IBIO INC COM 451033104 30 35,714 SH DEFINED 01 35,714 0 0
INSULET CORP NOTE 3.750% 6/1 45784PAC5 5,046 5,000,000 PRN DEFINED 01 5,000,000 0 0
INTERMUNE INC COM 45884X103 2,398 190,300 SH DEFINED 01 190,300 0 0
INTERMUNE INC NOTE 2.500% 9/1 45884XAE3 36,137 48,670,000 PRN DEFINED 01 48,670,000 0 0
ISTA PHARMACEUTICALS INC COM 45031X204 16,355 2,216,581 SH DEFINED 01 2,216,581 0 0
FORM 13F INFORMATION TABLE
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 MANAGERS SOLE SHARED NONE
---------------------------- --------------- --------- -------- ----------- --- ---- ---------- -------- ----------- ------ ----
KERYX BIOPHARMACEUTICALS INC COM 492515101 514 203,162 SH DEFINED 01 203,162 0 0
LILLY ELI & CO COM 532457108 10,390 250,000 CALL DEFINED 01 250,000 0 0
MAP PHARMACEUTICALS INC COM 56509R108 10,151 770,741 SH DEFINED 01 770,741 0 0
MCKESSON CORP COM 58155Q103 14,959 192,000 SH DEFINED 01 192,000 0 0
MEDCO HEALTH SOLUTIONS INC COM 58405U102 9,783 175,000 CALL DEFINED 01 175,000 0 0
MEDICINES CO COM 584688105 38,303 2,054,897 SH DEFINED 01 2,054,897 0 0
MEDIVATION INC COM 58501N101 35,502 769,936 SH DEFINED 01 769,936 0 0
MERCK & CO INC NEW COM 58933Y105 35,815 950,000 CALL DEFINED 01 950,000 0 0
MERIT MED SYS INC COM 589889104 9,025 674,540 SH DEFINED 01 674,540 0 0
METROPOLITAN HEALTH NETWORKS COM 592142103 5,416 725,000 SH DEFINED 01 725,000 0 0
MOLINA HEALTHCARE INC NOTE 3.750%10/0 60855RAA8 43,016 40,950,000 PRN DEFINED 01 40,950,000 0 0
MYLAN INC COM 628530107 62,819 2,927,260 SH DEFINED 01 2,927,260 0 0
NATUS MEDICAL INC DEL COM 639050103 25,744 2,730,000 SH DEFINED 01 2,730,000 0 0
NEKTAR THERAPEUTICS NOTE 3.250% 9/2 640268AH1 43,105 43,159,000 PRN DEFINED 01 43,159,000 0 0
NEUROGESX INC COM 641252101 357 434,491 SH DEFINED 01 434,491 0 0
NEWLINK GENETICS CORP COM 651511107 1,936 275,000 SH DEFINED 01 275,000 0 0
NUVASIVE INC COM 670704105 13,103 1,040,713 SH DEFINED 01 1,040,713 0 0
NUVASIVE INC NOTE 2.250% 3/1 670704AB1 39,330 40,235,000 PRN DEFINED 01 40,235,000 0 0
NUVASIVE INC NOTE 2.750% 7/0 670704AC9 27,798 37,500,000 PRN DEFINED 01 37,500,000 0 0
NXSTAGE MEDICAL INC COM 67072V103 19,548 1,099,462 SH DEFINED 01 1,099,462 0 0
OMNICARE INC COM 681904108 6,890 200,000 CALL DEFINED 01 200,000 0 0
ONYX PHARMACEUTICALS INC NOTE 4.000% 8/1 683399AB5 66,852 50,333,000 PRN DEFINED 01 50,333,000 0 0
OPTIMER PHARMACEUTICALS INC COM 68401H104 306 25,000 SH DEFINED 01 25,000 0 0
PACIFIC BIOSCIENCES CALIF IN COM 69404D108 8,392 2,997,251 SH DEFINED 01 2,997,251 0 0
PALATIN TECHNOLOGIES INC COM PAR $ .01 696077403 1,215 3,022,103 SH DEFINED 01 3,022,103 0 0
PFIZER INC COM 717081103 42,414 1,960,000 SH DEFINED 01 1,960,000 0 0
PFIZER INC COM 717081103 37,870 1,750,000 CALL DEFINED 01 1,750,000 0 0
PHARMASSET INC COM 71715N106 5,449 42,500 SH DEFINED 01 42,500 0 0
RAPTOR PHARMACEUTICAL CORP COM 75382F106 157 25,000 SH DEFINED 01 25,000 0 0
RIGEL PHARMACEUTICALS INC COM 766559603 55,436 7,026,071 SH DEFINED 01 7,026,071 0 0
ROCKWELL MEDICAL TECH COM 774374102 4,123 486,801 SH DEFINED 01 486,801 0 0
SALIX PHARMACEUTICALS INC COM 795435AC0 21,853 456,688 SH DEFINED 01 456,688 0 0
SANTARUS INC COM 802817304 2,805 847,582 SH DEFINED 01 847,582 0 0
ST JUDE MED INC COM 790849103 27,612 805,000 SH DEFINED 01 805,000 0 0
ST JUDE MED INC COM 790849103 22,295 650,000 CALL DEFINED 01 650,000 0 0
STRYKER CORP COM 863667101 11,478 230,900 SH DEFINED 01 230,900 0 0
TEAM HEALTH HOLDINGS INC COM 87817A107 5,124 232,166 SH DEFINED 01 232,166 0 0
TEARLAB CORP COM 878193101 212 189,349 SH DEFINED 01 189,349 0 0
TENET HEALTHCARE CORP COM 88033G100 805 157,000 CALL DEFINED 01 157,000 0 0
TENGION INC COM 88034G109 498 1,060,070 SH DEFINED 01 1,060,070 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 45,933 1,138,081 SH DEFINED 01 1,138,081 0 0
TEVA PHARMACEUTICAL INDS LTD COM 881624209 40,360 1,000,000 CALL DEFINED 01 1,000,000 0 0
TRANZYME INC COM 89413J102 191 65,956 SH DEFINED 01 65,956 0 0
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 3,752 96,200 SH DEFINED 01 96,200 0 0
UNIVERSAL HLTH SVCS INC CL B 913903100 20,324 523,000 SH DEFINED 01 523,000 0 0
WALGREEN CO COM 931422109 33,060 1,000,000 CALL DEFINED 01 1,000,000 0 0
YM BIOSCIENCES INC COM 984238105 5,842 3,562,000 SH DEFINED 01 3,562,000 0 0
ZOGENIX INC COM 98978L105 1,558 701,972 SH DEFINED 01 701,972 0 0