13F-HR 1 perceptive13f.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: March 31, 2007 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: Perceptive Advisors LLC Address: 850 Third Avenue, 21st Floor New York, NY 10022 Form 13F File Number: 28-10438 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. Persons Signing this Report on Behalf of Reporting Manager: Name: Joseph Edelman Title: Managing Member Phone: 212-848-0677 Signature, Place, and Date of Signing: /s/ Joseph Edelman New York, NY 04/24/07 ------------------ ------------ -------- [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/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP x(1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ ABIOMED INC COM 003654100 5,755 421,275 SH SOLE N/A 421,275 ABRAXIS BIOSCIENCE INC COM 00383E108 267 10,000 SH SOLE N/A 10,000 ACADIA PHARMACEUTICALS INC COM 004225108 135 9,000 CALL SOLE N/A 9,000 ACADIA PHARMACEUTICALS INC COM 004225108 6,778 451,269 SH SOLE N/A 451,269 ADOLOR CORP COM 00724X102 788 90,000 CALL SOLE N/A 90,000 ADOLOR CORP COM 00724X102 263 30,000 PUT SOLE N/A 30,000 ADOLOR CORP COM 00724X102 12,534 1,432,465 SH SOLE N/A 1,432,465 ADVANCED MAGNETICS INC COM 00753P103 14,203 235,654 SH SOLE N/A 235,654 AETNA INC NEW COM 00817Y108 7,696 175,750 SH SOLE N/A 175,750 ALEXION PHARMACEUTICALS INC COM 015351109 4,108 95,000 SH SOLE N/A 95,000 AMGEN INC COM 031162100 838 15,000 CALL SOLE N/A 15,000 AMGEN INC COM 031162100 5,728 102,500 SH SOLE N/A 102,500 ANTARES PHARMA INC COM 036642106 61 47,500 SH SOLE N/A 47,500 ARQULE INC COM 04269E107 17,305 2,319,725 SH SOLE N/A 2,319,725 ATHEROGENICS INC COM 047439104 13,319 4,740,000 CALL SOLE N/A 4,740,000 ATHEROGENICS INC COM 047439104 4,865 1,731,300 PUT SOLE N/A 1,731,300 ATS MED INC COM 002083103 3,478 1,688,592 SH SOLE N/A 1,688,592 BIOENVISION INC COM 09059N100 5,214 1,274,707 SH SOLE N/A 1,274,707 BIOGEN IDEC INC COM 09062X103 18,174 409,500 SH SOLE N/A 409,500 BIOMARIN PHARMACEUTICAL INC COM 09061G101 466 27,010 SH SOLE N/A 27,010 BIOVAIL CORP COM 09067J109 2,077 95,000 SH SOLE N/A 95,000 BIOVERIS CORP COM 090676107 314 23,639 SH SOLE N/A 23,639 CELGENE CORP COM 151020104 5 100 PUT SOLE N/A 100 CELGENE CORP COM 151020104 18,702 356,499 SH SOLE N/A 356,499 CHELSEA THERAPEUTICS INTL LT COM 163428105 840 157,515 SH SOLE N/A 157,515 COLLAGENEX PHARMACEUTICALS I COM 19419B100 8,944 661,993 SH SOLE N/A 661,993 COMMUNITY HEALTH SYS INC NEW COM 203668108 3,349 95,000 SH SOLE N/A 95,000 CONSOLIDATED WATER CO INC ORD G23773107 121 5,090 SH SOLE N/A 5,090 CORCEPT THERAPEUTICS INC COM 218352102 16 18,100 SH SOLE N/A 18,100 CV THERAPEUTICS INC COM 126667104 14,468 1,838,400 CALL SOLE N/A 1,838,400 CV THERAPEUTICS INC COM 126667104 79 10,000 PUT SOLE N/A 10,000 CYPRESS BIOSCIENCES INC COM PAR $.02 232674507 8,665 1,140,100 CALL SOLE N/A 1,140,100 CYPRESS BIOSCIENCES INC COM PAR $.02 232674507 919 120,900 PUT SOLE N/A 120,900 CYTOGEN CORP COM NEW 232824300 217 103,840 SH SOLE N/A 103,840 CYTRX CORP COM NEW 232828301 141 30,000 SH SOLE N/A 30,000 DELCATH SYS INC COM 24661P104 64 14,750 SH SOLE N/A 14,750 DENDREON CORP COM 24823Q107 81,039 6,267,500 CALL SOLE N/A 6,267,500 DENDREON CORP COM 24823Q107 8,825 682,500 PUT SOLE N/A 682,500 DEPOMED INC COM 249908104 6,103 1,709,400 SH SOLE N/A 1,709,400 DYAX CORP COM 26746E107 2,861 694,500 PUT SOLE N/A 694,500 DYAX CORP COM 26746E107 1,658 402,325 SH SOLE N/A 402,325 EMERGENT BIOSOLUTIONS INC COM 29089Q105 382 28,500 SH SOLE N/A 28,500 ENZON PHARMACEUTICALS INC NOTE 4.500% 7/0 293904AB4 9,782 10,046,000 PRN SOLE N/A 10,046,000 FLAMEL TECHNOLOGIES SA SPONSORED ADR 338488109 1,459 57,000 SH SOLE N/A 57,000 GENENTECH INC COM NEW 368710406 14,823 180,500 SH SOLE N/A 180,500 GENOMIC HEALTH INC COM 37244C101 5,518 318,250 SH SOLE N/A 318,250 GEN-PROBE INC NEW COM 36866T103 18,530 393,588 SH SOLE N/A 393,588 GENZYME CORP COM 372917104 29,672 494,369 SH SOLE N/A 494,369 GILEAD SCIENCES INC COM 375558103 21,007 274,060 SH SOLE N/A 274,060 HANSEN MEDICAL INC COM 411307101 4 190 SH SOLE N/A 190 HEALTH CARE REIT INC COM 42217K106 2,700 61,500 SH SOLE N/A 61,500 HEARUSA INC COM NEW 422360305 572 309,040 SH SOLE N/A 309,040 HUMAN GENOME SCIENCES INC COM 444903108 101 9,500 SH SOLE N/A 9,500 IMCLONE SYS INC COM 45245W109 13,165 322,900 PUT SOLE N/A 322,900 IMCLONE SYS INC COM 45245W109 3,873 95,000 CALL SOLE N/A 95,000 IMMUNOMEDICS INC COM 452907108 7,839 1,711,483 SH SOLE N/A 1,711,483 INDEVUS PHARMACEUTICALS INC NOTE 6.250% 7/1 454072AB5 38,115 30,280,000 PRN SOLE N/A 30,280,000 INDEVUS PHARMACEUTICALS INC COM 454072109 9,761 1,380,650 SH SOLE N/A 1,380,650 INSPIRE PHARMACEUTICALS INC COM 457733103 257 45,150 SH SOLE N/A 45,150 INTUITIVE SURGICAL INC COM NEW 46120E602 1,204 9,900 SH SOLE N/A 9,900 ISIS PHARMACEUTICALS INC COM 464330109 176 19,000 SH SOLE N/A 19,000 ISOLAGEN INC COM 46488N103 187 47,500 SH SOLE N/A 47,500 KOSAN BIOSCIENCES INC COM 50064W107 261 47,500 SH SOLE N/A 47,500 LIGAND PHARMACEUTICALS INC CL B 53220K207 4,092 405,942 SH SOLE N/A 405,942 MEDAREX INC NOTE 2.250% 5/1 583916AG6 3,536 3,000,000 PRN SOLE N/A 3,000,000 MEDCO HEALTH SOLUTIONS INC COM 58405U102 5,581 76,950 SH SOLE N/A 76,950 MEDICURE INC COM 584699102 1,045 940,930 SH SOLE N/A 940,930 MEDIVATION INC COM 58501N101 9,742 516,560 SH SOLE N/A 516,560 METABASIS THERAPEUTICS INC COM 59101M105 4,997 679,798 SH SOLE N/A 679,798 MGI PHARMA INC COM 552880106 1,067 47,500 SH SOLE N/A 47,500 NEUROCHEM INC COM 64125K101 3,095 206,200 CALL SOLE N/A 206,200 NEUROCHEM INC COM 64125K101 853 56,800 SH SOLE N/A 56,800 NORTHFIELD LABS INC COM 666135108 2 600 CALL SOLE N/A 600 NORTHFIELD LABS INC COM 666135108 69 19,000 SH SOLE N/A 19,000 NORTHSTAR NEUROSCIENCE INC COM 66704V101 4,678 365,445 SH SOLE N/A 365,445 NOVACEA INC COM 66987B103 6,023 779,210 SH SOLE N/A 779,210 NXSTAGE MEDICAL INC COM 67072V103 1,063 79,800 SH SOLE N/A 79,800 OMRIX BIOPHARMACEUTICALS INC COM 681989109 9,309 243,250 SH SOLE N/A 243,250 ONYX PHARMACEUTICALS INC COM 683399109 3,540 142,500 SH SOLE N/A 142,500 ORTHOFIX INTL N V COM N6748L102 276 5,400 SH SOLE N/A 5,400 OSCIENT PHARMACEUTICALS CORP NOTE 3.500% 4/1 68812RAB1 2,449 3,390,000 PRN SOLE N/A 3,390,000 OSI PHARMACEUTICALS INC COM 671040103 165 5,000 SH SOLE N/A 5,000 PDL BIOPHARMA INC COM 69329Y104 2 100 PUT SOLE N/A 100 PDL BIOPHARMA INC COM 69329Y104 1,070 49,305 SH SOLE N/A 49,305 PHARMION CORP COM 71715B409 1,748 66,500 SH SOLE N/A 66,500 PROGENICS PHARMACEUTICALS IN COM 743187106 8,440 356,413 SH SOLE N/A 356,413 PROSHARES TR ULTRASHORT QQQ 74347R875 2,153 40,000 SH SOLE N/A 40,000 PROTEIN DESIGN LABS INC NOTE 2.750% 8/1 74369LAD5 3,540 3,000,000 PRN SOLE N/A 3,000,000 RITE AID CORP COM 767754104 932 161,500 SH SOLE N/A 161,500 ROSETTA GENOMICS LTD SHS M82183100 209 30,765 SH SOLE N/A 30,765 SCHERING PLOUGH CORP PFD CONV MAND 806605606 1,059 18,000 SH SOLE N/A 18,000 SEPRACOR INC COM 817315104 1,865 40,000 SH SOLE N/A 40,000 SPECTRUM PHARMACEUTICALS INC COM 84763A108 12,407 1,978,818 SH SOLE N/A 1,978,818 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 2,489 66,500 SH SOLE N/A 66,500 THRESHOLD PHARMACEUTICAL INC COM 885807107 1,396 949,700 CALL SOLE N/A 949,700 UNITED AMERN HEALTHCARE CORP COM 90934C105 226 44,414 SH SOLE N/A 44,414 UNITEDHEALTH GROUP INC COM 91324P102 5,032 95,000 SH SOLE N/A 95,000 USANA HEALTH SCIENCES INC COM 90328M107 422 9,000 PUT SOLE N/A 9,000 VERTEX PHARMACEUTICALS INC COM 92532F100 76,931 2,743,600 CALL SOLE N/A 2,743,600 VERTEX PHARMACEUTICALS INC COM 92532F100 5,328 190,000 PUT SOLE N/A 190,000 VIVUS INC COM 928551100 7,685 1,498,001 SH SOLE N/A 1,498,001 VOLCANO CORPORATION COM 928645100 414 23,000 SH SOLE N/A 23,000 XENOPORT INC COM 98411C100 669 24,000 SH SOLE N/A 24,000 XTL BIOPHARMACEUTICALS LTD SPONSORED ADR 98386D109 1,174 296,536 SH SOLE N/A 296,536 104 657,537
FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 104 Form 13F Information Table Value Total: $657,537 (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.] NONE