The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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OMB Number:3235-0006
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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ANI PHARMACEUTICALS INCCOM00182C10317,622312,500SH SOLE 312,50000
ANI PHARMACEUTICALS INCNOTE 3.000%12/000182CAA17,8857,500,000PRN SOLE 7,500,00000
ABIOMED INCCOM0036541001,90350,000SHCallSOLE 50,00000
ACADIA PHARMACEUTICALS INCCOM00422510834,7121,093,281SH SOLE 1,093,28100
ACASTI PHARMA INCCL A SHS00430K1051,2862,573,645SH SOLE 2,573,64500
ACCELERON PHARMA INCCOM00434H10812,375317,636SH SOLE 317,63600
ACHAOGEN INCCOM00444910478360,000SH SOLE 60,00000
ACELRX PHARMACEUTICALS INCCOM00444T10044,2436,574,060SH SOLE 6,574,06000
ACHILLION PHARMACEUTICALS INCOM00448Q2011,300106,100SH SOLE 106,10000
AETNA INC NEWCOM00817Y1082302,586SH SOLE 2,58600
AGENUS INCCOM NEW00847G7051,599402,717SH SOLE 402,71700
ALERE INCCOM01449J1053,72498,000SH SOLE 98,00000
ALIMERA SCIENCES INCCOM0162591032,115381,900SH SOLE 381,90000
ALLERGAN INCCOM01849010217,55682,583SH SOLE 82,58300
ALLIQUA BIOMEDICCOM196212005,9461,121,951SH SOLE 1,121,95100
AMICUS THERAPEUTICS INCCOM03152W109120,13614,439,444SH SOLE 14,439,44400
ANTHERA PHARMACEUTICALS INCCOM NEW03674U201795503,156SH SOLE 503,15600
APPLIED GENETIC TECHNOL CORPCOM03820J1006,332301,222SH SOLE 301,22200
AQUINOX PHARMACEUTICALS INCCOM03842B101975130,000SH SOLE 130,00000
ARDELYX INCCOM0396971074,831255,728SH SOLE 255,72800
ARNO THERAPEUTICS, INCCOM0425642032,7462,034,721SH SOLE 2,034,72100
BARD C R INCCOM0673831092281,367SH SOLE 1,36700
BECTON DICKINSON & COCOM07588710911,13380,000SH SOLE 80,00000
BELLICUM PHARMACEUTICALS INCCOM07948110724,1091,046,402SH SOLE 1,046,40200
BIODELIVERY SCIENCES INTL INCOM09060J1067,277605,407SH SOLE 605,40700
BIOSPECIFICS TECHNOLOGIES COCOM0909311062346,065SH SOLE 6,06500
BLUEBIRD BIO INCCOM09609G10020,637225,000SH SOLE 225,00000
CIGNA CORPORATIONCOM1255091092282,219SH SOLE 2,21900
CAMBREX CORPCOM13201110724811,488SH SOLE 11,48800
CAPITAL SR LIVING CORPCOM1404751046,228250,000SH SOLE 250,00000
CELGENE CORPCOM15102010416,395146,567SH SOLE 146,56700
CELLDEX THERAPEUTICS INC NEWCOM15117B1031,825100,000SH SOLE 100,00000
CELLULAR DYNAMICS INTL INCCOM15117V1091164SH SOLE 16400
CEMPRA INCCOM15130J1095,819247,500SH SOLE 247,50000
CENTENE CORP DELCOM15135B1012582,484SH SOLE 2,48400
CHAMPIONS ONCOLOGYCOM15870P1098121,625,744SH SOLE 1,625,74400
CHINA BIOLOGIC PRODS INCCOM16938C1064,97774,023SH SOLE 74,02300
CIVITAS SOLUTIONS INCCOM17887R10223113,585SH SOLE 13,58500
CLOVIS ONCOLOGY INCCOM1894641002885,138SH SOLE 5,13800
COHERUS BIOSCIENCES INCCOM19249H1037,148438,000SH SOLE 438,00000
CYBERONICS INCCOM23251P1022484,454SH SOLE 4,45400
DBV TECHNOLOGIES S ASPONSORED ADR23306J1013,054112,622SH SOLE 112,62200
DERMA SCIENCES INCCOM PAR $.012498275022,919313,583SH SOLE 313,58300
DERMIRA INCCOM24983L1042,753152,000SH SOLE 152,00000
DURECT CORPCOM266605104716907,064SH SOLE 907,06400
DYAX CORPCOM26746E10326,0391,852,000SH SOLE 1,852,00000
ENDOLOGIX INCCOM29266S1063,211210,000SH SOLE 210,00000
EPIZYME INCCOM29428V1048,164432,619SH SOLE 432,61900
ESPERION THERAPEUTICS INC NECOM29664W10512,233302,500SH SOLE 302,50000
EXACTECH INCCOM30064E10924510,374SH SOLE 10,37400
FIVE PRIME THERAPEUTICS INCCOM33830X1044,192155,256SH SOLE 155,25600
FLAMEL TECHNOLOGIES SASPONSORED ADR3384881093,678644,111SH SOLE 644,11100
GALENA BIOPHARMA INCCOM363256108302200,000SHPutSOLE 200,00000
GENVEC INCCOM NEW37246C3072,2261,040,344SH SOLE 1,040,34400
HCA HOLDINGS INCCOM40412C1013,57048,639SH SOLE 48,63900
HEALTH NET INCCOM42222G1082695,025SH SOLE 5,02500
HEALTH INS INNOVATIONS INCCOM CL A42225K10668796,000SH SOLE 96,00000
HERON THERAPEUTICS INCCOM4277461026,700666,042SH SOLE 666,04200
INFINITY PHARMACEUTICALS INCCOM45665G30325915,323SH SOLE 15,32300
INSMED INCCOM PAR $.0145766930710,610685,812SH SOLE 685,81200
JUNO THERAPEUTICS INCCOM48205A1092,61150,000SH SOLE 50,00000
KERYX BIOPHARMACEUTICALSCOM4925151012,830200,000SHPutSOLE 200,00000
LHC GROUP INCCOM50187A1073029,688SH SOLE 9,68800
LA JOLLA PHARMACEUTICAL COCOM PAR $.0001 250345960466536,040SH SOLE 36,04000
LA JOLLA PHARMACEUTICAL COCOM PAR $.0001 25034596044,666252,915SH SOLE 252,91500
LANNET INCCOM5160121011884,392SH SOLE 4,39200
LION BIOSCIENCESCOM53619R10225,2983,214,549SH SOLE 3,214,54900
MGC DIAGNOSTICS CORPCOM5527681032,152336,287SH SOLE 336,28700
MACROGENICS INCCOM5560991097,569215,815SH SOLE 215,81500
MANNKIND CORPCOM56400P2011,043200,000SHPutSOLE 200,00000
MEDGENICS INCCOM NEW58436Q2032,602514,224SH SOLE 514,22400
MERGE HEALTHCARE INCCOM58949910229382,427SH SOLE 82,42700
MYLAN INCCOM6285301074,29676,210SH SOLE 76,21000
NANOSPHERE INCCOM63009F105277707,566SH SOLE 707,56600
NEPTUNE TECHNOLOGIES BIORESOCOM64077P10812,8256,750,444SH SOLE 6,750,44400
NEUROCRINE BIOSCIENCES INCCOM64125C10935,7441,600,000SHPutSOLE 1,600,00000
NEUROCRINE BIOSCIENCES INCCOM64125C10979,6483,565,267SH SOLE 3,565,26700
NEVRO CORPCOM64157F1036,828176,563SH SOLE 176,56300
OHR PHARMACEUTICAL INCCOM NEW67778H200506,000SH SOLE 6,00000
ONCOTHYREON INCCOM682324108618325,000SH SOLE 325,00000
OPHTHOTECH CORPCOM68374510319,267429,386SH SOLE 429,38600
OTONOMY INCCOM68906L10515,142454,306SH SOLE 454,30600
OXIGENE INCCOM PAR$.001691828404199123,518SH SOLE 123,51800
PDL BIOPHARMA INCCOM69329Y10423230,151SH SOLE 30,15100
PTC THERAPEUTICS INCCOM69366J20034,776671,736SH SOLE 671,73600
PAREXEL INTL CORPCOM6994621072234,005SH SOLE 4,00500
PFENEX INCCOM7170711042,962404,665SH SOLE 404,66500
PHIBRO ANIMAL HEALTH CORPCL A COM71742Q1062377,526SH SOLE 7,52600
PLASMATECH BIOPHARMACEUTICALCOM72754H1094,3751,250,000SH SOLE 1,250,00000
PLASMATECH BIOPHARMACEUTICAL*W EXP 10/24/20172754H1171,0001,250,000SH SOLE 1,250,00000
PORTOLA PHARMACEUTICALS INCCOM73701010870825,000SH SOLE 25,00000
PROTEON THERAPEUTICS INCCOM74371L1092,860275,000SH SOLE 275,00000
PSIVIDA CORPCOM74440J1011,294315,000SH SOLE 315,00000
QUIDEL CORPCOM74838J1014,121142,500SH SOLE 142,50000
RECEPTOS INCCOM75620710635,699291,394SH SOLE 291,39400
RELYPSA INCCOM75953110638,1661,239,142SH SOLE 1,239,14200
REPLIGEN CORPCOM7599161091,980100,000SHPutSOLE 100,00000
RETROPHIN INCCOM76129910623,7541,940,725SH SOLE 1,940,72500
RITE AID CORPCOM76775410431842,385SH SOLE 42,38500
SAGE THERAPEUTICS INCCOM78667J1082,58070,484SH SOLE 70,48400
SANGAMO BIOSCIENCES INCCOM80067710612,168800,000SH SOLE 800,00000
Sarepta Therapeutics IncCOM8036071006,512450,000SHCallSOLE 450,00000
SAREPTA THERAPEUTICS INCCOM80360710040,6952,812,352SH SOLE 2,812,35200
SCICLONE PHARMACEUTICALS INCCOM80862K10426229,942SH SOLE 29,94200
SEATTLE GENETICS INC /WACOM81257810229900SHCallSOLE 90000
SELECT MED HLDGS CORPCOM81619Q10519213,365SH SOLE 13,36500
SHIRE PLCSPONSORED ADR82481R1062,12510,000SH SOLE 10,00000
SIENTRA INCCOM82621J10562137,000SH SOLE 37,00000
SKILLED HEALTHCARE GROUP INCCL A83066R10726831,293SH SOLE 31,29300
SMITH & NEPHEW PLCSPDN ADR NEW83175M2052,47767,407SH SOLE 67,40700
SPECTRANETICS CORPCOM84760C10756516,335SH SOLE 16,33500
SUNESIS PHARMACEUTICALS INCCOM NEW8673286011,275500,000SH SOLE 500,00000
SUPERNUS PHARMACEUTICALS INCCOM86845910818522,285SH SOLE 22,28500
SURGICAL CARE AFFILIATES INCCOM86881L1062597,702SH SOLE 7,70200
TENET HEALTHCARE CORPCOM NEW88033G4073,84775,913SH SOLE 75,91300
TESARO INCCOM88156910732,852883,359SH SOLE 883,35900
TETRAPHASE PHARMACEUTICALS ICOM88165N1053,971100,000SH SOLE 100,00000
THORATEC CORPCOM NEW8851753073,246100,000SHCallSOLE 100,00000
THORATEC CORPCOM NEW88517530712,739392,465SH SOLE 392,46500
THRESHOLD PHARMACEUTICAL INCCOM NEW885807206509160,000SH SOLE 160,00000
TOKAI PHARMACEUTICALS INCCOM88907J1077,154485,338SH SOLE 485,33800
TRANSGENOMIC INCCOM NEW89365K305253126,084SH SOLE 126,08400
TRANSENTERIX INCCOM NEW89366M2016,0992,095,708SH SOLE 2,095,70800
TRIPLE-S MGMT CORPCL B89674910825410,605SH SOLE 10,60500
U S PHYSICAL THERAPY INCCOM90337L1082165,156SH SOLE 5,15600
UNIVERSAL HLTH SVCS INCCL B9139031002482,233SH SOLE 2,23300
UROPLASTY INCCOM NEW9172772041,579766,349SH SOLE 766,34900
VANDA PHARMACEUTICALS INCCOM9216591081,432100,000SHPutSOLE 100,00000
VANDA PHARMACEUTICALS INCCOM9216591088,592600,000SHCallSOLE 600,00000
VERICEL CORPCOM92346J1082,584850,000SH SOLE 850,00000
VERSARTIS INCCOM92529L10219,740931,171SH SOLE 931,17100
VERTEX PHARMACEUTICALS INCCOM92532F10011,880100,000SHPutSOLE 100,00000
VERTEX PHARMACEUTICALS INCCOM92532F10013,068110,000SH SOLE 110,00000
WALGREENS BOOTS ALLIANCE INCCOM9314271081,54620,292SH SOLE 20,29200
XENCOR INCCOM98401F10530,9121,927,171SH SOLE 1,927,17100
XOMA LTDCOM98419J1071200SHCallSOLE 20000
XENON PHARMACEUTICALS INCCOM98420N1054,444225,000SH SOLE 225,00000
ZAFGEN INCCOM98885E1038,583278,313SH SOLE 278,31300
ZIMMER HLDGS INCCOM98956P10217,477154,093SH SOLE 154,09300
ACTAVIS PLCSHSG0083B1083,88415,088SH SOLE 15,08800
PROTHENA CORP PLCSHSG728001085,135247,336SH SOLE 247,33600
QUOTIENT LTDSHSG732681078,169453,870SH SOLE 453,87000
GALMED PHARMACEUTICALS LTDSHSM4723810643575,000SH SOLE 75,00000
NEURODERM LTDORD SHSM742311074,914350,000SH SOLE 350,00000
SYNERON MEDICAL LTDORD SHSM872451021,424152,609SH SOLE 152,60900
TARO PHARMACEUTICAL INDS LTDSHSM8737E10822,825154,028SH SOLE 154,02800
VASCULAR BIOGENICS LTDORD SHSM968851042,955500,000SH SOLE 500,00000
AFFIMED N VCOMN010451086,2361,005,820SH SOLE 1,005,82000
PROQR THRAPEUTICS N VSHS EURON715421092,167100,000SH SOLE 100,00000
UNIQURE NVSHSN900641012,901195,856SH SOLE 195,85600
PARNELL PHARMACEUT HLDGS LTDSHSQ73622104888214,100SH SOLE 214,10000