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
Estimated average burden
hours per response: 23.8

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMAG Pharmaceuticals, Inc. COM 00163U106 42,765 1,761,332 SH   SOLE   1,761,332 0 0
AVEO Pharmaceuticals, Inc. COM 053588109 2,615 1,429,174 SH   SOLE   1,429,174 0 0
Abiomed Inc. COM 003654100 71,860 2,687,347 SH   SOLE   2,687,347 0 0
Align Technology, Inc. COM 162551014 445 7,788 SH   SOLE   7,788 0 0
Alimera Sciences, Inc. COM 016259103 17,084 3,634,984 SH   SOLE   3,634,984 0 0
Amicus Therapeutics, Inc. COM 03152W109 9,420 4,008,576 SH   SOLE   4,008,576 0 0
Anacor Pharmaceuticals, Inc. COM 032420101 26,903 1,603,278 SH   SOLE   1,603,278 0 0
Ariad Pharmaceuticals, Inc. COM 04033A100 23,470 3,441,324 SH   SOLE   3,441,324 0 0
Auxilium Pharmaceuticals, Inc. COM 05334D107 101,243 4,883,879 SH   SOLE   4,883,879 0 0
Biomarin Pharmaceuticals, Inc COM 09061G101 52,135 741,087 SH   SOLE   741,087 0 0
Celgene Corp. COM 151020104 438 2,590 SH   SOLE   2,590 0 0
Clovis Oncology Inc. COM 189464100 11,264 186,900 SH   SOLE   186,900 0 0
Cubist Pharmaceuticals, Inc. COM 229678107 92,020 1,336,136 SH   SOLE   1,336,136 0 0
Cyberonics, Inc. COM 23251P102 127,676 1,951,581 SH   SOLE   1,951,581 0 0
Cytokinetics Inc. COM 23282W605 1,513 232,808 SH   SOLE   232,808 0 0
Exact Sciences Corp COM 30063P105 9,233 785,776 SH   SOLE   785,776 0 0
Hyperion Therapeutics COM 44915N101 1,268 62,700 SH   SOLE   62,700 0 0
Insmed, Inc. COM 457669307 4,967 292,199 SH   SOLE   292,199 0 0
Intermune Inc. COM 45884X103 56,263 3,819,606 SH   SOLE   3,819,606 0 0
Kythera BioPharm CMN COM 501570105 33,636 900,559 SH   SOLE   900,559 0 0
Momenta Pharmaceuticals, Inc. COM 60877T100 20,461 1,157,276 SH   SOLE   1,157,276 0 0
NPS Pharmaceuticals COM 62936P103 13,331 439,100 SH   SOLE   439,100 0 0
Prothena Corp PLC COM G72800108 14,252 537,418 SH   SOLE   537,418 0 0
QLT Inc. COM 746927102 11,437 2,053,311 SH   SOLE   2,053,311 0 0
Questcor Pharmaceuticals, Inc. COM 74835Y101 52,490 963,995 SH   SOLE   963,995 0 0
Rigel Pharmaceuticals Inc. COM 766559603 14,868 5,217,001 SH   SOLE   5,217,001 0 0
STAAR Surgical Company COM 852312305 52,039 3,214,253 SH   SOLE   3,214,253 0 0
Sequenom Inc. COM 817337405 21,983 9,394,627 SH   SOLE   9,394,627 0 0
Sophiris Bio Inc COM 83578Q209 1,084 292,900 SH   SOLE   292,900 0 0
Spectrum Pharmaceuticals Inc. COM 84763A108 3,560 402,285 SH   SOLE   402,285 0 0
United Therapeutics Corp COM 91307C102 123,871 1,095,428 SH   SOLE   1,095,428 0 0
Vanda Pharmaceutical Inc. COM 921659108 40,191 3,238,624 SH   SOLE   3,238,624 0 0
ViroPharma Incorporated COM 928241108 14,502 290,916 SH   SOLE   290,916 0 0
Xoma Ltd. COM 98419J107 1,724 256,100 SH   SOLE   256,100 0 0