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
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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
ADMA BIOLOGICS INC Common Stock 000899104 2,747 245,930 SH   DFND   0 245,930 0
ADAMIS PHARMACEUTICALS CORP Common Stock 00547W208 7,210 1,168,566 SH   DFND   0 1,168,566 0
ADVAXIS INC Warrant 007624208 161 39,000 SH   DFND   0 39,000 0
ALMOST FAMILY INC Common Stock 020409108 5,669 195,807 SH   DFND   0 195,807 0
AGILE THERAPEUTICS INC Common Stock 00847L100 4,604 749,887 SH   DFND   0 749,887 0
BIODELIVERY SCIENCES INTL Common Stock 09060J106 4,472 372,043 SH   DFND   0 372,043 0
BIOSCRIP INC Common Stock 09069N108 3,877 554,621 SH   DFND   0 554,621 0
CARDINAL HEALTH INC Common Stock 14149Y108 5,013 62,100 SH   DFND   0 62,100 0
CYMABAY THERAPEUTICS INC Common Stock 23257D103 1,198 121,900 SH   DFND   0 121,900 0
CAREFUSION CORP Common Stock 14170T101 5,317 89,600 SH   DFND   0 89,600 0
CELSUS THERAPEUTICS-SPON ADR ADR 15119A202 881 183,505 SH   DFND   0 183,505 0
CONMED CORP Common Stock 207410101 2,252 50,100 SH   DFND   0 50,100 0
COVIDIEN PLC Common Stock G2554F113 8,745 85,500 SH   DFND   0 85,500 0
CTI BIOPHARMA CORP Common Stock 12648L106 1,192 505,000 SH   DFND   0 505,000 0
ESPERION THERAPEUTICS INC Common Stock 29664W105 2,168 53,600 SH   DFND   0 53,600 0
FORWARD PHARMA A/S-ADR ADR 34986J105 2,269 108,915 SH   DFND   0 108,915 0
GLAXOSMITHKLINE PLC-SPON ADR ADR 37733W105 8,991 210,371 SH   DFND   0 210,371 0
HARVARD APPARATUS REGENERATI Common Stock 41690A106 430 135,262 SH   DFND   0 135,262 0
JOHNSON & JOHNSON Common Stock 478160104 4,183 40,000 SH   DFND   0 40,000 0
MERIT MEDICAL SYSTEMS INC Common Stock 589889104 1,613 93,072 SH   DFND   0 93,072 0
NANOSPHERE INC Common Stock 63009F105 2,112 5,386,213 SH   DFND   0 5,386,213 0
ORTHOFIX INTERNATIONAL NV Common Stock N6748L102 2,345 78,007 SH   DFND   0 78,007 0
ARATANA THERAPEUTICS INC Common Stock 03874P101 5,799 325,420 SH   DFND   0 325,420 0
PFENEX INC Common Stock 717071104 4,026 560,765 SH   DFND   0 560,765 0
QUOTIENT LTD Common Stock G73268107 21,831 1,212,850 SH   DFND   0 1,212,850 0
REWALK ROBOTICS LTD Common Stock M8216Q101 1,127 59,707 SH   DFND   0 59,707 0
SCYNEXIS INC Common Stock 811292101 1,722 172,581 SH   DFND   0 172,581 0
SANOFI-ADR ADR 80105N105 11,836 259,500 SH   DFND   0 259,500 0
SORRENTO THERAPEUTICS INC Common Stock 83587F202 1,860 184,720 SH   DFND   0 184,720 0
TG THERAPEUTICS INC Common Stock 88322Q108 1,627 102,700 SH   DFND   0 102,700 0