X0708 D/A LIVE 0001503176 Palo Alto Advanced Life Sciences Fund, L.P. 470 UNIVERSITY AVENUE PALO ALTO PALO ALTO CA CALIFORNIA 94301 (650) 325-0772 DELAWARE None None Limited Partnership true N/A PAI LLC 470 University Avenue Palo Alto CA CALIFORNIA 94301 Executive Officer General Partner of Issuer Patrick Y. Lee 470 University Avenue Palo Alto CA CALIFORNIA 94301 Executive Officer Anthony Joon Yun 470 University Avenue Palo Alto CA CALIFORNIA 94301 Executive Officer Pooled Investment Fund Hedge Fund false Decline to Disclose 06b 3C 3C.7 true 0001503176-17-000002 2011-01-01 true true true Limited partner interests false 5000000 MMX Global Partners, LLC 286531 None None 328 Barry Ave S Suite 205 Wayzata MN MINNESOTA 55391 All States false Morgan Stanley Smith Barney LLC 149777 None None 2000 Westchester Avenue Purchase NY NEW YORK 10577 All States false Indefinite 81783000 Indefinite false 55 0 true 0 true The issuer does not pay sales commissions or finders' fees expenses. The investment adviser of the issuer pays a portion of the management fees it receives to MMX Global Partners, LLC and Morgan Stanley Smith Barney, LLC. 0 Customary advisory fees are paid by the Issuer to the General Partner and Investment Manager (as applicable) as provided for in the Issuer's offering materials. false Palo Alto Advanced Life Sciences Fund, L.P. /s/ Patrick Lee Patrick Lee Managing Member 2018-04-02