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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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
ALCOBRA LTD SHS M2239P109 3,780 625,792 SH   SOLE   625,792 0 0
ALLERGAN PLC SHS G0177J108 4,842 17,813 SH   SOLE   17,813 0 0
BIOMARIN PHARMACEUTICAL INC COM 09061G101 13,639 129,501 SH   SOLE   129,501 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 34,268 2,250,000 SH Call SOLE   2,250,000 0 0
CF INDS HLDGS INC COM 125269100 20,838 464,101 SH   SOLE   464,101 0 0
DBV TECHNOLOGIES S A SPONSORED ADR 23306J101 9,445 265,376 SH   SOLE   265,376 0 0
ECO STIM ENERGY SOLUTIONS IN COM 27888D101 7,306 2,130,000 SH   SOLE   2,130,000 0 0
ENDO INTL PLC SHS G30401106 3,647 52,634 SH   SOLE   52,634 0 0
GW PHARMACEUTICALS PLC ADS 36197T103 19,253 210,715 SH   SOLE   210,715 0 0
IMPAX LABORATORIES INC COM 45256B101 21,359 606,618 SH   SOLE   606,618 0 0
MYLAN N V SHS EURO N59465109 3,177 78,905 SH   SOLE   78,905 0 0
NMI HLDGS INC CL A 629209305 56,023 7,371,500 SH   SOLE   7,371,500 0 0
PRONAI THERAPEUTICS INC COM 74346L101 8,664 422,200 SH   SOLE   422,200 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 10,414 100,000 SH   SOLE   100,000 0 0