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

OMB APPROVAL
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 INCCOM00182C10319,252307,784SH SOLE 000
ANI PHARMACEUTICALS INCNOTE 3.000%12/000182CAA18,6217,500,000PRN SOLE 000
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ACASTI PHARMA INCCL A SHS00430K1051,1342,365,600SH SOLE 000
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ACHAOGEN INCCOM00444910458660,000SH SOLE 000
ACELRX PHARMACEUTICALS INCCOM00444T10025,3766,574,060SH SOLE 000
AEGERION PHARMACEUTICALS INCCOM00767E1029,973381,100SH SOLE 000
AETNA INC NEWCOM00817Y1082752,586SH SOLE 000
AGENUS INCCOM NEW00847G705929181,117SH SOLE 000
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ASCENDIS PHARMA A SSPONSORED ADR04351P10117410,000SH SOLE 000
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AVINGER INCCOM0537341091,248112,500SH SOLE 000
BELLICUM PHARMACEUTICALS INCCOM07948110724,2451,046,402SH SOLE 000
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CHINA BIOLOGIC PRODS INCCOM16938C1066,68670,000SH SOLE 000
COHERUS BIOSCIENCES INCCOM19249H1032,60885,288SH SOLE 000
CYTOKINETICS INCCOM NEW23282W60520530,227SH SOLE 000
DBV TECHNOLOGIES S ASPONSORED ADR23306J10102SH SOLE 000
DERMA SCIENCES INCCOM PAR $.012498275022,908343,284SH SOLE 000
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EAGLE PHARMACEUTICALS INCCOM26979610850612,088SH SOLE 000
ENDOLOGIX INCCOM29266S1069,645565,000SH SOLE 000
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HEALTH NET INCCOM42222G1082494,109SH SOLE 000
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INCYTE CORPCOM45337C10291710,000SH SOLE 000
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LHC GROUP INCCOM50187A1071955,917SH SOLE 000
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LANNET INCCOM5160121012974,392SH SOLE 000
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MANNKIND CORPCOM56400P2011100SHCallSOLE 000
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MERGE HEALTHCARE INCCOM58949910236882,427SH SOLE 000
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NEPTUNE TECHNOLOGIES BIORESOCOM64077P10810,9356,750,444SH SOLE 000
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NEVRO CORPCOM64157F10326,700557,056SH SOLE 000
ONCOTHYREON INCCOM6823241081,508925,000SH SOLE 000
OTONOMY INCCOM68906L10516,986480,387SH SOLE 000
OXIGENE INCCOM PAR$.001691828404180123,518SH SOLE 000
PHARMACYCLICS INCCOM7169331063,07112,000SH SOLE 000
PFENEX INCCOM71707110413,811866,423SH SOLE 000
PHIBRO ANIMAL HEALTH CORPCL A COM71742Q1062416,809SH SOLE 000
PLASMATECH BIOPHARMACEUTICALCOM72754H1093,9251,250,000SH SOLE 000
PLASMATECH BIOPHARMACEUTICAL*W EXP 10/24/20172754H1171,1631,250,000SH SOLE 000
PORTOLA PHARMACEUTICALS INCCOM73701010813,476355,000SH SOLE 000
PROTEON THERAPEUTICS INCCOM74371L1093,198275,000SH SOLE 000
PSIVIDA CORPCOM74440J1011,244315,000SH SOLE 000
RADIUS HEALTH INCCOM NEW7504692073,04674,000SH SOLE 000
RADNET INCCOM75049110222326,525SH SOLE 000
RAPTOR PHARMACEUTICAL CORPCOM75382F1062,872264,200SH SOLE 000
RECEPTOS INCCOM75620710619,588118,794SH SOLE 000
RELYPSA INCCOM75953110652,4511,454,142SH SOLE 000
REPLIGEN CORPCOM7599161093,036100,000SHPutSOLE 000
RETROPHIN INCCOM76129910666,7282,784,980SH SOLE 000
RITE AID CORPCOM76775410421825,063SH SOLE 000
SAGE THERAPEUTICS INCCOM78667J1083,54070,484SH SOLE 000
SANGAMO BIOSCIENCES INCCOM80067710612,544800,000SH SOLE 000
Sarepta Therapeutics IncCOM8036071009,960750,000SHCallSOLE 000
SAREPTA THERAPEUTICS INCCOM80360710029,2782,204,652SH SOLE 000
SHIRE PLCSPONSORED ADR82481R1067,17930,000SH SOLE 000
SPARK THERAPEUTICS INCCOM84652J1031,16315,000SH SOLE 000
STEMLINE THERAPEUTICS INCCOM85858C1071,14779,245SH SOLE 000
SUNESIS PHARMACEUTICALS INCCOM NEW8673286011,715700,000SH SOLE 000
SUPERNUS PHARMACEUTICALSINC NOTE 7.500%868459AB46,6502,915,000PRN SOLE 000
SURGICAL CARE AFFILIATESINC COM86881L1062417,020SH SOLE 000
SYNERGETICS USA INCCOM87160G10711721,786SH SOLE 000
TENET HEALTHCARE CORPCOM NEW88033G4074498,500SH SOLE 000
TESARO INCCOM88156910756,158978,359SH SOLE 000
TETRAPHASE PHARMACEUTICALS ICOM88165N1053,664100,000SH SOLE 000
THORATEC CORPCOM NEW8851753074,189100,000SHCallSOLE 000
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TOKAI PHARMACEUTICALS INCCOM88907J1075,484458,338SH SOLE 000
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UNITED THERAPEUTICS CORP DELCOM91307C1022551,481SH SOLE 000
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UROPLASTY INCCOM NEW9172772041,179966,349SH SOLE 000
VANDA PHARMACEUTICALS INCCOM921659108930100,000SHCallSOLE 000
VANDA PHARMACEUTICALS INCCOM921659108930100,000SHPutSOLE 000
VBI VACCINES INC.COM91790E1026,7862,610,356SH SOLE 000
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VERSARTIS INCCOM92529L10224,1611,546,471SH SOLE 000
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ICON PLCSHSG4705A1002042,898SH SOLE 000
MEDTRONIC PLCSHSG5960L1033905,000SH SOLE 000
QUOTIENT LTDSHSG7326810710,702550,870SH SOLE 000
GALMED PHARMACEUTICALS LTDSHSM4723810670675,000SH SOLE 000
NEURODERM LTDORD SHSM742311074,697350,000SH SOLE 000
TARO PHARMACEUTICAL INDS LTDSHSM8737E1084,73633,574SH SOLE 000
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