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
ADAMIS PHARMACEUTICALS CORP COM NEW 00547W208 799 125,000 SH   SOLE 125,000 0 0
AMPIO PHARMACEUTICALS INC COM 03209T109 3,035 425,703 SH   SOLE 425,703 0 0
ATRICURE INC COM 04963C209 8,531 456,701 SH   SOLE 456,701 0 0
BAXANO SURGICAL INC COM 071773105 340 336,351 SH   SOLE 336,351 0 0
BIOSPECIFICS TECHNOLOGIES COM 090931106 1,120 51,692 SH   SOLE 51,692 0 0
BIOTA PHARMACEUTICALS INC COM 090694100 1,371 327,190 SH   SOLE 327,190 0 0
BIOTELEMETRY INC COM 090672106 1,712 215,645 SH   SOLE 215,645 0 0
CARDICA INC COM 14141R101 1,037 1,063,469 SH   SOLE 1,063,469 0 0
CHEMBIO DIAGNOSTICS INC COM 163572209 186 55,202 SH   SOLE 55,202 0 0
CLOVIS ONCOLOGY INC COM 189464100 759 12,600 SH   SOLE 12,600 0 0
COMBIMATRIX CORP *W EXP 05/01/201 20009T121 1 2,325 SH   SOLE 2,325 0 0
CONATUS PHARMACEUTICALS INC COM 20600T108 875 135,666 SH   SOLE 135,666 0 0
CURIS INC COM 231269101 423 150,000 SH   SOLE 150,000 0 0
CUTERA INC COM 232109108 903 88,694 SH   SOLE 88,694 0 0
DERMA SCIENCES INC COM PAR $.01 249827502 617 57,009 SH   SOLE 57,009 0 0
DISCOVERY LABORATORIES INC COM NEW 254668403 12,822 5,698,739 SH   SOLE 5,698,739 0 0
DYAX CORP COM 26746E103 569 75,500 SH   SOLE 75,500 0 0
DYNAVAX TECHNOLOGIES CORP COM 268158102 568 290,000 SH   SOLE 290,000 0 0
EXACTECH INC COM 30064E109 752 31,636 SH   SOLE 31,636 0 0
GIVEN IMAGING ORD SHS M52020100 4,702 156,320 SH   SOLE 156,320 0 0
INSPIREMD INC COM NEW 45779A309 705 286,724 SH   SOLE 286,724 0 0
INSULET CORP NOTE 3.750% 6/1 45784PAC5 4,370 3,000,000 PRN   SOLE 3,000,000 0 0
INSULET CORP COM 45784P101 4,507 121,481 SH   SOLE 121,481 0 0
INTERCEPT PHARMACEUTICALS IN COM 45845P108 655 9,598 SH   SOLE 9,598 0 0
JOHNSON AND JOHNSON COM 478160104 861 9,400 SH   SOLE 9,400 0 0
KERYX BIOPHARMACEUTICALS COM 492515101 570 44,000 SH   SOLE 44,000 0 0
MASIMO CORPORATION COM 574795100 512 17,500 SH   SOLE 17,500 0 0
MERRIMACK PHARMACEUTICALS IN COM 590328100 1,826 342,453 SH   SOLE 342,453 0 0
NOVADAQ TECHNOLOGIES INC COM 66987G102 4,684 284,041 SH   SOLE 284,041 0 0
NUVASIVE INC NOTE 2.750% 7/0 670704AC9 1,092 1,000,000 PRN   SOLE 1,000,000 0 0
NXSTAGE MEDICAL INC COM 67072V103 3,842 384,154 SH   SOLE 384,154 0 0
OCERA THERAPEUTICS INC COM 67552A108 821 63,223 SH   SOLE 63,223 0 0
ONCOGENEX PHARMACEUTICAL INC COM 68230A106 928 111,245 SH   SOLE 111,245 0 0
PALATIN TECHNOLOGIES INC COM PAR $.01 696077403 253 344,690 SH   SOLE 344,690 0 0
PHARMACYCLICS INC COM 716933106 11,491 108,628 SH   SOLE 108,628 0 0
PROTALIX BIOTHERAPEUTICS INC COM 74365A101 4,584 1,178,440 SH   SOLE 1,178,440 0 0
RETRACTABLE TECHNOLOGIES INC COM 76129W105 62 20,000 SH   SOLE 20,000 0 0
RTI SURGICAL INC COM 74975N105 591 167,058 SH   SOLE 167,058 0 0
SPECTRANETICS CORP COM 84760C107 1,309 52,362 SH   SOLE 52,362 0 0
STEREOTAXIS INC COM NEW 85916J409 6,293 1,738,498 SH   SOLE 1,738,498 0 0
SYNERON MEDICAL LTD ORD SHS M87245102 1,119 90,947 SH   SOLE 90,947 0 0
SYNTHETIC BIOLOGICS INC COM 87164U102 283 184,900 SH   SOLE 184,900 0 0
TG THERAPEUTICS INC COM 88322Q108 293 75,000 SH   SOLE 75,000 0 0
THRESHOLD PHARMACEUTICAL INC COM NEW 885807206 1,310 280,500 SH   SOLE 280,500 0 0
UROPLASTY INC COM NEW 917277204 790 289,332 SH   SOLE 289,332 0 0
VENAXIS INC COM 92262A107 1,263 590,000 SH   SOLE 590,000 0 0
XENOPORT INC COM 98411C100 1,020 177,362 SH   SOLE 177,362 0 0