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
ALBANY MOLECULAR RESH INC COM 12423109 4,993 302,400 SH   SOLE   302,400 0 0
AMAG PHARMACEUTICALS INC COM 00163U106 1,838 75,000 SH Put SOLE   75,000 0 0
AMARIN CORP PLC SPONS ADR NEW 023111206 1,436 450,000 SH   SOLE   450,000 0 0
ANI PHARMACEUTICALS INC COM 00182C103 3,318 50,000 SH Put SOLE   50,000 0 0
ANI PHARMACEUTICALS INC COM 00182C103 13,270 200,000 SH   SOLE   200,000 0 0
APRICUS BIOSCIENCES INC COM 03832V109 149 440,000 SH   SOLE   440,000 0 0
ARALEZ PHARMACEUTICALS INC COM 03852X100 2,789 575,000 SH   SOLE   575,000 0 0
CRYOLIFE INC COM 228903100 2,636 150,000 SH   SOLE   150,000 0 0
CYTOKINETICS INC COM NEW 23282W605 918 100,000 SH   SOLE   100,000 0 0
DEPOMED INC COM 249908104 8,740 350,000 SH   SOLE   350,000 0 0
FIBROCELL SCIENCE INC COM NEW 315721209 106 147,769 SH   SOLE   147,769 0 0
GILEAD SCIENCES INC COM 375558103 1,978 25,000 SH   SOLE   25,000 0 0
GILEAD SCIENCES INC COM 375558103 2,769 35,000 SH Call SOLE   35,000 0 0
KITE PHARMA INC COM 49803L109 480 8,600 SH Put SOLE   8,600 0 0
PFIZER INC COM 717081103 5,927 175,000 SH   SOLE   175,000 0 0
PROSHARES TR ULTSHT RUSS2000 74348A319 721 25,000 SH   SOLE   25,000 0 0
QLT INC COM 746927102 4,444 2,157,200 SH   SOLE   2,157,200 0 0
QUEST DIAGNOSTICS INC COM 74834L100 5,603 66,208 SH   SOLE   66,208 0 0
ZOGENIX INC COM NEW 98978L204 364 31,850 SH   SOLE   31,850 0 0
SUNESIS PHARMACEUTICALS INC COM PAR 867328700 656 150,000 SH Call SOLE   150,000 0 0