13F-HR 1 deerfield.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: December 31, 2002 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 Address: 450 Lexington Avenue, Suite 1450 New York, NY 10017 13 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 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: Darren Levine Title: Phone: Signature, Place and Date of Signing: Darren Levine January 21, 2003 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 76 Form 13F Information Table Value Total: 1582616 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 DISCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- -------- D AAIPHARMA INC COM STK COMMON STOCK 00252W104 12618 900000 SH SOLE 900000 0 0 D ABBOTT LABS USD COM NPV COMMON STOCK 002824100 64000 1600000 SH SOLE 1600000 0 0 D ABGENIX INC COM STK COMMON STOCK 00339B107 14740 2000000 SH SOLE 2000000 0 0 D AETNA INC COMMON STOCK 00817Y108 20560 500000 SH SOLE 500000 0 0 D ALLERGAN INC COM COMMON STOCK 018490102 17286 300000 SH SOLE 300000 0 0 D ALPHARMA INC CL A COMMON STOCK 020813101 23820 2000000 SH SOLE 2000000 0 0 D AMERICAN HEALTHCORP INC COMMON STOCK 02649V104 10500 600000 SH SOLE 600000 0 0 D AMGEN INC USD COM COMMON STOCK 031162100 80970 1675000 SH SOLE 1675000 0 0 D AMSURG CORP COMMON COMMON STOCK 03232P405 4066 199000 SH SOLE 199000 0 0 D AMYLIN PHARMACEUTICALS INC COMMON STOCK 032346108 50155 3107470 SH SOLE 3107470 0 0 D ANDRX GROUP COMMON STOCK 034553107 6866 468000 SH SOLE 468000 0 0 D APPLERA CORPORATION CELERA GEN COMMON STOCK 038020202 4775 500000 SH SOLE 500000 0 0 D ARROW INTERNATIONAL INC COM COMMON STOCK 042764100 10092 248150 SH SOLE 248150 0 0 D BAXTER INTERNATIONAL INC USD1 COMMON STOCK 071813109 56000 2000000 SH SOLE 2000000 0 0 D BIORELIANCE CORP COM COMMON STOCK 090951104 301 13000 SH SOLE 13000 0 0 D BIOVAIL CORP COM STK COMMON STOCK 09067J109 17299 655000 SH SOLE 655000 0 0 D BOSTON SCIENTIFIC CORP COMMON STOCK 101137107 63780 1500000 SH SOLE 1500000 0 0 D BRISTOL MYERS SQUIBB CO USD.10 COMMON STOCK 110122108 34725 1500000 SH SOLE 1500000 0 0 D CERUS CORP COM COMMON STOCK 157085101 19664 914600 SH SOLE 914600 0 0 D CIPHERGEN BIOSY COM STK COMMON STOCK 17252Y104 978 283599 SH SOLE 283599 0 0 D COVANCE INC COM COMMON STOCK 222816100 34426 1400000 SH SOLE 1400000 0 0 D COVENTRY HLTH CARE INC COM COMMON STOCK 222862104 31207 1075000 SH SOLE 1075000 0 0 D CUBIST PHARMACEUTICALS INC COMMON STOCK 229678107 20579 2500500 SH SOLE 2500500 0 0 D CVS CORP COM COMMON STOCK 126650100 12485 500000 SH SOLE 500000 0 0 D DENTSPLY INTL INC NEW COM COMMON STOCK 249030107 21018 565000 SH SOLE 565000 0 0 D DRUGSTORE.COM INC USD COM COMMON STOCK 262241102 1310 545900 SH SOLE 545900 0 0 D EMERITUS CORP COM COMMON STOCK 291005106 2845 527800 SH SOLE 527800 0 0 D FISHER IMAGING CORP COMMON STOCK 337719108 10067 1675000 SH SOLE 1675000 0 0 D GENENTECH INC COM STK COMMON STOCK 368710406 53056 1600000 SH SOLE 1600000 0 0 D GUILFORD PHARMACEUTICALS INC COMMON STOCK 401829106 5771 1450000 SH SOLE 1450000 0 0 D HCA INC COMMON STOCK 404119109 44588 1074400 SH SOLE 1074400 0 0 D HEALTH NET INC COMMON STOCK 42222G108 31680 1200000 SH SOLE 1200000 0 0 D HOLOGIC INC COM COMMON STOCK 436440101 11600 950000 SH SOLE 950000 0 0 D HUMAN GENOME SCIENCES INC COMMON STOCK 444903108 9251 1050000 SH SOLE 1050000 0 0 D IDEC PHARMACEUTICALS CORP COMMON STOCK 449370105 43121 1300000 SH SOLE 1300000 0 0 D IDEXX LABORATORIES INC COM COMMON STOCK 45168D104 14066 428200 SH SOLE 428200 0 0 D INSPIRE PHARMA COM STK COMMON STOCK 457733103 22416 2400000 SH SOLE 2400000 0 0 D INTUITIVE SURG COM STK COMMON STOCK 46120E107 9086 1475000 SH SOLE 1475000 0 0 D INVERESK RSCH COMMON STOCK 461238107 18550 860000 SH SOLE 860000 0 0 D INVITROGEN CORP COMMON STOCK 46185R100 40677 1300000 SH SOLE 1300000 0 0 D JOHNSON & JOHNSON COM COMMON STOCK 478160104 53710 1000000 SH SOLE 1000000 0 0 D LA JOLLA PHARMACEUTICAL CO COMMON STOCK 503459109 11375 1750000 SH SOLE 1750000 0 0 D LIFEPOINT HOSPITALS INC COM COMMON STOCK 53219L109 14966 500000 SH SOLE 500000 0 0 D LIGAND PHARMACEUTICALS INC COMMON STOCK 53220K207 16110 3000000 SH SOLE 3000000 0 0 D MEDAREX INC COM COMMON STOCK 583916101 4371 1106500 SH SOLE 1106500 0 0 D MGI PHARMACEUTICALS INC COMMON STOCK 552880106 9063 1250000 SH SOLE 1250000 0 0 D MID ATLANTIC MED SVCS INC COMMON STOCK 59523C107 16200 500000 SH SOLE 500000 0 0 D MILLENNIUM PHARMACEUTICALS INC COMMON STOCK 599902103 6749 850000 SH SOLE 850000 0 0 D MOLECULAR DEVICES CORP COM COMMON STOCK 60851C107 6604 401000 SH SOLE 401000 0 0 D MYLAN LABS INC COM COMMON STOCK 628530107 27920 800000 SH SOLE 800000 0 0 D NABI BIOPHARMACEUTIC ALS COMMON STOCK 629519109 18054 2911900 SH SOLE 2911900 0 0 D NOVARTIS AG USD SPON ADR ADRS STOCKS 66987V109 6795 185000 SH SOLE 185000 0 0 D ODYSSEY HLTHCR COMMON STOCK 67611V101 3241 93400 SH SOLE 93400 0 0 D OMNICARE INC COM COMMON STOCK 681904108 35745 1500000 SH SOLE 1500000 0 0 D OSI PHARMACEUTICALS INC COMMON STOCK 671040103 26240 1600000 SH SOLE 1600000 0 0 D PAREXEL INTL CORP COM COMMON STOCK 699462107 4655 423600 SH SOLE 423600 0 0 D PER-SE TECHNOLOGIES INC. COMMON STOCK 713569309 8972 1000300 SH SOLE 1000300 0 0 D PFIZER INC COM COMMON STOCK 717081103 13757 450000 SH SOLE 450000 0 0 D PHARMACEUTICAL PROD DEV INC CO COMMON STOCK 717124101 14632 499900 SH SOLE 499900 0 0 D PHARMACEUTICAL RESOURCES INC COMMON STOCK 717125108 18494 620600 SH SOLE 620600 0 0 D PROGENICS PHARMACEUTICALS INC COMMON STOCK 743187106 6660 1000000 SH SOLE 1000000 0 0 D SEPRACOR INC COM COMMON STOCK 817315104 40614 4200000 SH SOLE 4200000 0 0 D SICOR INC COM COMMON STOCK 825846108 13610 858700 SH SOLE 858700 0 0 D ST JUDE MED INC COM COMMON STOCK 790849103 49650 1250000 SH SOLE 1250000 0 0 D SURMODICS INC COM COMMON STOCK 868873100 13009 453600 SH SOLE 453600 0 0 D TRANSKARYOTIC THERAPIES INC COMMON STOCK 893735100 1584 160000 SH SOLE 160000 0 0 D TRIPATH IMAGING INC COM STK COMMON STOCK 896942109 2680 1000000 SH SOLE 1000000 0 0 D TRIPOS INC COM COMMON STOCK 896928108 3288 448500 SH SOLE 448500 0 0 D VERSICOR INC COM STK COMMON STOCK 925314106 14884 1379400 SH SOLE 1379400 0 0 D VIROPHARMA INC COM COMMON STOCK 928241108 1369 938000 SH SOLE 938000 0 0 D WATSON PHARMACEUTICALS INC COMMON STOCK 942683103 46646 1650000 SH SOLE 1650000 0 0 D WELLPOINT HEALTH NETWORKS INC COMMON STOCK 94973H108 14232 200000 SH SOLE 200000 0 0 D WYETH SHS COMMON STOCK 983024100 74800 2000000 SH SOLE 2000000 0 0 D XOMA LTD COMMON STOCK G9825R107 2206 521400 SH SOLE 521400 0 0 D ZOLL MEDICAL CORP COM COMMON STOCK 989922109 18837 528100 SH SOLE 528100 0 0 D ZYMOGENETICS INC Com COMMON STOCK 98985T109 9900 1000000 SH SOLE 1000000 0 0 S REPORT SUMMARY 76 DATA RECORDS 1582616 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED