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
Achillion Pharmaceuticals Inc COM 00448Q201 1,458 180,000 SH   SOLE   180,000 0 0
Aeglea BioTherapeutics COM 00773J103 38 6,000 SH   SOLE   6,000 0 0
Akari Therapeutics Plc COM 00972G108 1,348 158,352 SH   SOLE   158,352 0 0
Alcobra Ltd COM M2239P109 1,628 658,910 SH   SOLE   658,910 0 0
ARCA biopharma Inc COM 00211Y100 1,309 462,399 SH   SOLE   462,399 0 0
Ascendis Pharma A/S COM 04351P101 1,809 90,000 SH   SOLE   90,000 0 0
Adverum Biotechnologies COM 00773U108 4,532 1,102,735 SH   SOLE   1,102,735 0 0
Audentes Therapeutics COM 05070R104 267 15,000 SH   SOLE   15,000 0 0
Axovant Sciences Ltd COM G0750W104 2,578 184,110 SH   SOLE   184,110 0 0
BioCryst Pharmaceuticals Inc COM 09058V103 4,433 1,005,104 SH   SOLE   1,005,104 0 0
BeiGene Ltd COM 07725L102 1,571 51,000 SH   SOLE   51,000 0 0
Coherus Biosciences Inc COM 19249H103 8,181 305,505 SH   SOLE   305,505 0 0
CoLucid Pharmaceuticals COM 19716T101 2,601 68,190 SH   SOLE   68,190 0 0
CytomX Therapeutics Inc COM 23284F105 1,007 64,200 SH   SOLE   64,200 0 0
DBV Technologies COM F2927N109 32,492 456,893 SH   SOLE   456,893 0 0
Edge Therapeutics Inc COM 279870109 1,405 135,000 SH   SOLE   135,000 0 0
Flamel Technologies S.A. COM 338488109 6,200 500,000 SH   SOLE   500,000 0 0
Heron Therapeutics Inc COM 427746102 18,879 1,095,734 SH   SOLE   1,095,734 0 0
Lipocine Inc COM 53630X104 3,791 849,921 SH   SOLE   849,921 0 0
Ocera Therapeutics COM 67552A108 2,261 856,550 SH   SOLE   856,550 0 0
ProNAI Therapeutics Inc COM 74346L101 102 56,056 SH   SOLE   56,056 0 0
REGENXBIO Inc COM 75901B107 337 24,089 SH   SOLE   24,089 0 0
Stemline Therapeutics Inc COM 85858C107 1,467 135,420 SH   SOLE   135,420 0 0
Zafgen Inc COM 98885E103 1,993 602,114 SH   SOLE   602,114 0 0