0001172661-12-000607.txt : 20120515
0001172661-12-000607.hdr.sgml : 20120515
20120515111046
ACCESSION NUMBER: 0001172661-12-000607
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120331
FILED AS OF DATE: 20120515
DATE AS OF CHANGE: 20120515
EFFECTIVENESS DATE: 20120515
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: ORBIMED ADVISORS LLC
CENTRAL INDEX KEY: 0001055951
IRS NUMBER: 133976876
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-06774
FILM NUMBER: 12842041
BUSINESS ADDRESS:
STREET 1: 601 LEXINGTON AVENUE
STREET 2: 54TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: (212) 739-6400
MAIL ADDRESS:
STREET 1: 601 LEXINGTON AVENUE
STREET 2: 54TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
13F-HR
1
OrbimedAdvisors1Q12.txt
FORM 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: March 31, 2012
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: OrbiMed Advisors LLC
Address: 601 Lexington Avenue
54th Floor
New York, NY 10022
13F File Number: 028-06774
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: Samuel D. Isaly
Title: Managing Member
Phone: (212) 739-6400
Signature, Place, and Date of Signing:
/s/ Samuel D. Isaly New York, NY May 15, 2012
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 115
Form 13F Information Table Value Total: $3,365,780 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
No. 13F File Number Name
1 028-10410 OrbiMed Capital LLC
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3SBIO INC SPONSORED ADR 88575Y105 31724 2143500 SH DEFINED 1 1143600 0 999900
ABBOTT LABS COM 002824100 86480 1411000 SH DEFINED 1 351000 0 1060000
AETNA INC NEW COM 00817Y108 78831 1571600 SH DEFINED 1 735000 0 836600
AFFYMAX INC COM 00826A109 22447 1912000 SH DEFINED 1 1063900 0 848100
AFFYMETRIX INC COM 00826T108 29668 6948000 SH DEFINED 1 3081000 0 3867000
AGILENT TECHNOLOGIES INC COM 00846U101 6988 157000 SH DEFINED 1 0 0 157000
ALEXION PHARMACEUTICALS INC COM 015351109 20011 215500 SH DEFINED 1 0 0 215500
ALIGN TECHNOLOGY INC COM 016255101 20332 738000 SH DEFINED 1 445000 0 293000
ALLERGAN INC COM 018490102 67421 706500 SH DEFINED 1 325700 0 380800
AMARIN CORP PLC SPONS ADR NEW 023111206 20570 1817100 SH SOLE 1817100 0 0
AMGEN INC COM 031162100 17366 255500 SH DEFINED 1 0 0 255500
AMYLIN PHARMACEUTICALS INC COM 032346108 1872 75000 SH DEFINED 1 0 0 75000
AMYLIN PHARMACEUTICALS INC COM 032346108 6240 250000 SH CALL DEFINED 1 106000 0 144000
ANTARES PHARMA INC COM 036642106 27831 8616300 SH DEFINED 1 4782600 0 3833700
ANTHERA PHARMACEUTICALS INC COM 03674U102 2836 1283300 SH SOLE 1283300 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 22573 1412600 SH DEFINED 1 534600 0 878000
ARRAY BIOPHARMA INC COM 04269X105 21445 6298200 SH DEFINED 1 3132400 0 3165800
ATHERSYS INC COM 04744L106 2504 1615700 SH SOLE 1615700 0 0
BAXTER INTL INC COM 071813109 44715 748000 SH DEFINED 1 229000 0 519000
BIODEL INC COM 09064M105 2095 3550300 SH SOLE 3550300 0 0
BIOGEN IDEC INC COM 09062X103 92534 734400 SH DEFINED 1 381000 0 353400
BIOMARIN PHARMACEUTICAL INC COM 09061G101 36199 1056900 SH DEFINED 1 531800 0 525100
BOSTON SCIENTIFIC CORP COM 101137107 3887 650000 SH DEFINED 1 0 0 650000
BRISTOL MYERS SQUIBB CO COM 110122108 148676 4405200 SH DEFINED 1 2204900 0 2200300
BRISTOL MYERS SQUIBB CO COM 110122108 16774 497000 SH CALL DEFINED 1 209000 0 288000
CARDINAL HEALTH INC COM 14149Y108 9700 225000 SH DEFINED 1 0 0 225000
CAREFUSION CORP COM 14170T101 9592 369900 SH DEFINED 1 0 0 369900
CELGENE CORP COM 151020104 41628 537000 SH DEFINED 1 0 0 537000
CELSION CORPORATION COM NEW 15117N305 2839 1494000 SH DEFINED 1 1264000 0 230000
CHEMOCENTRYX INC COM 16383L106 33629 3154714 SH SOLE 3154714 0 0
CHINA NUOKANG BIO-PHARM INC SPONSORED ADS 16949B113 1189 372658 SH DEFINED 1 317958 0 54700
CIGNA CORPORATION COM 125509109 11574 235000 SH DEFINED 1 199000 0 36000
COMPLETE GENOMICS INC COM 20454K104 11721 4156270 SH SOLE 4156270 0 0
COVANCE INC COM 222816100 2286 48000 SH DEFINED 1 0 0 48000
CUBIST PHARMACEUTICALS INC COM 229678107 6241 144300 SH DEFINED 1 0 0 144300
CUBIST PHARMACEUTICALS INC NOTE 2.500%11/0 229678AD9 3207 2000000 PRN DEFINED 1 0 0 2000000
CYNOSURE INC CL A 232577205 3540 198200 SH DEFINED 1 141800 0 56400
DAVITA INC COM 23918K108 5861 65000 SH DEFINED 1 0 0 65000
DENDREON CORP COM 24823Q107 28027 2630400 SH DEFINED 1 1504000 0 1126400
DENDREON CORP NOTE 2.875% 1/1 24823QAC1 12075 15000000 PRN DEFINED 1 0 0 15000000
EDWARDS LIFESCIENCES CORP COM 28176E108 3637 50000 SH DEFINED 1 0 0 50000
ELAN PLC ADR 284131208 47050 3134600 SH DEFINED 1 1857200 0 1277400
ENDOCYTE INC COM 29269A102 9522 1912000 SH DEFINED 1 920000 0 992000
EXACT SCIENCES CORP COM 30063P105 39480 3537600 SH DEFINED 1 1831100 0 1706500
EXPRESS SCRIPTS INC COM 302182100 11378 210000 SH DEFINED 1 0 0 210000
FLUIDIGM CORP DEL COM 34385P108 11310 719000 SH DEFINED 1 0 0 719000
FOREST LABS INC COM 345838106 11378 328000 SH DEFINED 1 0 0 328000
FOREST LABS INC COM 345838106 8673 250000 SH CALL DEFINED 1 106500 0 143500
GILEAD SCIENCES INC COM 375558103 139935 2864000 SH DEFINED 1 1251000 0 1613000
GIVEN IMAGING ORD SHS M52020100 15340 819000 SH DEFINED 1 424000 0 395000
HCA HOLDINGS INC COM 40412C101 17288 698800 SH DEFINED 1 358000 0 340800
HI-TECH PHARMACAL INC COM 42840B101 5893 164000 SH DEFINED 1 97000 0 67000
HOLOGIC INC COM 436440101 5388 250000 SH DEFINED 1 0 0 250000
HUMAN GENOME SCIENCES INC COM 444903108 13234 1606100 SH DEFINED 1 882200 0 723900
HUMANA INC COM 444859102 69314 749500 SH DEFINED 1 358500 0 391000
IMMUNOGEN INC COM 45253H101 33044 2296300 SH DEFINED 1 1128900 0 1167400
IMPAX LABORATORIES INC COM 45256B101 57788 2351000 SH DEFINED 1 1167000 0 1184000
INCYTE CORP COM 45337C102 83637 4333500 SH DEFINED 1 2490000 0 1843500
INCYTE CORP COM 45337C102 4825 250000 SH CALL DEFINED 1 106500 0 143500
INCYTE CORP NOTE 4.750%10/0 45337CAJ1 17850 7679000 PRN DEFINED 1 2320400 0 5358600
INSULET CORP COM 45784P101 25437 1329020 SH SOLE 1329020 0 0
ISHARES TR NASDQ BIO INDX 464287556 43155 350000 SH PUT DEFINED 1 255000 0 95000
JOHNSON & JOHNSON COM 478160104 29741 450900 SH DEFINED 1 0 0 450900
K V PHARMACEUTICAL CO CL A 482740206 7944 6018200 SH DEFINED 1 2838200 0 3180000
LIFE TECHNOLOGIES CORP COM 53217V109 97152 1990000 SH DEFINED 1 995000 0 995000
LILLY ELI & CO COM 532457108 10932 271500 SH CALL DEFINED 1 229500 0 42000
MAP PHARMACEUTICALS INC COM 56509R108 8372 583000 SH DEFINED 1 387500 0 195500
MASIMO CORP COM 574795100 2408 103000 SH DEFINED 1 62100 0 40900
MCKESSON CORP COM 58155Q103 10883 124000 SH DEFINED 1 0 0 124000
MEDCO HEALTH SOLUTIONS INC COM 58405U102 24429 347500 SH CALL DEFINED 1 145000 0 202500
MEDCO HEALTH SOLUTIONS INC COM 58405U102 60458 860000 SH DEFINED 1 390000 0 470000
MEDIVATION INC COM 58501N101 2540 34000 SH DEFINED 1 0 0 34000
MEDTRONIC INC COM 585055106 40201 1025800 SH DEFINED 1 177800 0 848000
MERCK & CO INC NEW COM 58933Y105 92268 2402800 SH DEFINED 1 1085100 0 1317700
NATUS MEDICAL INC DEL COM 639050103 10916 915000 SH DEFINED 1 513000 0 402000
NEUROCRINE BIOSCIENCES INC COM 64125C109 27281 3423000 SH DEFINED 1 1464200 0 1958800
NPS PHARMACEUTICALS INC COM 62936P103 17677 2584400 SH DEFINED 1 1502000 0 1082400
NXSTAGE MEDICAL INC COM 67072V103 52609 2730143 SH SOLE 2730143 0 0
ONCOTHYREON INC COM 682324108 6736 1545000 SH DEFINED 1 781000 0 764000
ONYX PHARMACEUTICALS INC COM 683399109 57688 1531000 SH DEFINED 1 773300 0 757700
ONYX PHARMACEUTICALS INC COM 683399109 13188 350000 SH CALL DEFINED 1 149000 0 201000
ORASURE TECHNOLOGIES INC COM 68554V108 32092 2793000 SH DEFINED 1 1608000 0 1185000
PACIRA PHARMACEUTICALS INC COM 695127100 28227 2446000 SH SOLE 2446000 0 0
PERNIX THERAPEUTICS HLDGS IN COM 71426V108 19044 2116000 SH DEFINED 1 1259000 0 857000
PERRIGO CO COM 714290103 12170 117800 SH DEFINED 1 0 0 117800
PFIZER INC COM 717081103 234670 10363000 SH DEFINED 1 4176700 0 6186300
QUEST DIAGNOSTICS INC COM 74834L100 4464 73000 SH DEFINED 1 0 0 73000
QUESTCOR PHARMACEUTICALS INC COM 74835Y101 69247 1840700 SH DEFINED 1 858800 0 981900
REGENERON PHARMACEUTICALS COM 75886F107 37237 319300 SH DEFINED 1 164300 0 155000
SALIX PHARMACEUTICALS INC COM 795435106 3680 70100 SH DEFINED 1 0 0 70100
SEQUENOM INC COM NEW 817337405 26390 6484000 SH DEFINED 1 3889000 0 2595000
SHIRE PLC SPONSORED ADR 82481R106 33750 356200 SH DEFINED 1 169900 0 186300
SINOVAC BIOTECH LTD SHS P8696W104 508 249000 SH SOLE 249000 0 0
SOLTA MED INC COM 83438K103 1466 483700 SH DEFINED 1 272200 0 211500
ST JUDE MED INC COM 790849103 6425 145000 SH DEFINED 1 0 0 145000
STRYKER CORP COM 863667101 20073 361800 SH DEFINED 1 187000 0 174800
SYNERON MEDICAL LTD ORD SHS M87245102 3355 313000 SH DEFINED 1 162000 0 151000
THERMO FISHER SCIENTIFIC INC COM 883556102 60236 1068400 SH DEFINED 1 489200 0 579200
TRIUS THERAPEUTICS INC COM 89685K100 437 81600 SH DEFINED 1 0 0 81600
UNITEDHEALTH GROUP INC COM 91324P102 85168 1445000 SH DEFINED 1 557000 0 888000
UROPLASTY INC COM NEW 917277204 5204 1729000 SH DEFINED 1 1464000 0 265000
VALEANT PHARMACEUTICALS INTL COM 91911K102 13315 248000 SH DEFINED 1 0 0 248000
VERASTEM INC COM 92337C104 4468 408800 SH DEFINED 1 297500 0 111300
VERTEX PHARMACEUTICALS INC COM 92532F100 4880 119000 SH DEFINED 1 0 0 119000
VIVUS INC COM 928551100 48575 2172400 SH DEFINED 1 1153500 0 1018900
VIVUS INC COM 928551100 8944 400000 SH CALL DEFINED 1 170000 0 230000
VOLCANO CORPORATION COM 928645100 5250 185000 SH DEFINED 1 0 0 185000
VOLCANO CORPORATION NOTE 2.875% 9/0 928645AA8 1793 1500000 PRN DEFINED 1 0 0 1500000
WARNER CHILCOTT PLC IRELAND SHS A G94368100 78856 4691000 SH DEFINED 1 2469000 0 2222000
WATSON PHARMACEUTICALS INC COM 942683103 100389 1497000 SH DEFINED 1 867400 0 629600
WATSON PHARMACEUTICALS INC COM 942683103 13412 200000 SH CALL DEFINED 1 85000 0 115000
WELLPOINT INC COM 94973V107 92176 1249000 SH DEFINED 1 579000 0 670000
XENOPORT INC COM 98411C100 563 125000 SH PUT DEFINED 1 53000 0 72000
XOMA CORP DEL COM 98419J107 12591 4545455 SH DEFINED 1 3050000 0 1495455
ZIMMER HLDGS INC COM 98956P102 33618 523000 SH DEFINED 1 179000 0 344000