X0203 3 2010-06-27 0 0001340752 Molecular Insight Pharmaceuticals, Inc. MIPI 0001390113 Taconic Capital Advisors LP 450 PARK AVENUE 9TH FLOOR NEW YORK NY 10022 0 0 0 1 Reference Footnote 1 0001495681 Taconic Associates LLC 450 PARK AVENUE, 9TH FLOOR NEW YORK NY 10022 0 0 0 1 Reference Footnote 1 0001390110 Taconic Capital Advisors UK LLP 450 PARK AVENUE 9TH FLOOR NEW YORK NY 10022 0 0 0 1 Reference Footnote 1 0001222668 BRODY KENNETH D 450 PARK AVENUE 9TH FLOOR NEW YORK NY 10022 0 0 0 1 Reference Footnote 1 0001048891 BROSENS FRANK 450 PARK AVENUE 9TH FLOOR NEW YORK NY 10022 0 0 0 1 Reference footnote 1 Common Stock, par value $0.01 per share 0 I See Footnote Warrant for Common Stock 5.87 2007-11-16 2012-11-16 Common Stock, par value $0.01 per share 762691 I See Footnotes Not Applicable as Reporting Persons do not beneficially own any non-derivative securities of the Issuer. See Footnotes 2, 3 and 4. The Reporting Persons may be deemed to be a member of a "group" with certain other holders of equity securities and/or derivative securities of the Issuer for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended. If such a group were determined to exist, the members hold in the aggregate more than ten percent (10%) of the Issuer's equity securities. Each of the Reporting Persons disclaims the existence of such a group and disclaims beneficial ownership of any of the securities and/or derivative securities of the Issuer to which this Form 3 relates for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except to the extent of such Reporting Person's pecuniary interest in the securities. This Form 3 relates to the securities held for the account of the Taconic Opportunity Fund L.P. ("Taconic Opportunity Fund"). Taconic Capital Advisors L.P. ("Taconic Advisors") and Taconic Capital Advisors UK LLP ("Taconic Advisors UK") serve as the investment managers to the Taconic Opportunity Fund. Taconic Capital Performance Partners LLC ("Taconic Partners") serves as the general partner to Taconic Advisors. Taconic Associates LLC ("Taconic Associates") serves as the general partner to the Taconic Opportunity Fund. Mr. Brody is a principal of Taconic Advisors, a director of Taconic Capital Services UK Ltd., the managing member of Taconic Advisors UK, and a manager of Taconic Partners and Taconic Associates. Mr. Brosens is a principal of Taconic Advisors, a director of Taconic Capital Services UK Ltd., the manager member of Taconic Advisors UK, and a manager of Taconic Partners and Taconic Associates. As such, Taconic Advisors, Taconic Advisors UK, Taconic Associates, Mr. Brody, and Mr. Brosens may be deemed to have voting and dispositive power over the securities held for the account of the Taconic Opportunity Fund. TACONIC CAPITAL ADVISORS L.P. By: /s/ Kenneth D. Brody 2010-07-01 TACONIC CAPITAL ADVISORS UK LLP By: /s/ Kenneth D. Brody 2010-07-01 TACONIC ASSOCIATES LLC By: /s/ Kenneth D. Brody 2010-07-01 KENNETH D. BRODY By: /s/ Kenneth D. Brody 2010-07-01 FRANK P. BROSENS By: /s/ Frank P. Brosens 2010-07-01