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
AFFYMETRIX INC COM 00826T108 15,260 3,436,940 SH   SOLE   3,436,940 0 0
AMAG PHARMACEUTICALS INC COM 00163U106 16,402 737,186 SH   SOLE   737,186 0 0
AMARIN CORP PLC SPONS ADR NEW 023111206 673 116,000 SH   SOLE   116,000 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 23,281 1,331,100 SH   SOLE   1,331,100 0 0
CARDIOVASCULAR SYS INC DEL COM 141619106 13,206 622,901 SH   SOLE   622,901 0 0
CHINDEX INTERNATIONAL INC COM 169467107 5,427 334,615 SH   SOLE   334,615 0 0
CLOVIS ONCOLOGY INC COM 189464100 5,526 82,500 SH   SOLE   82,500 0 0
EMERGENT BIOSOLUTIONS INC COM 29089Q105 14,185 983,669 SH   SOLE   983,669 0 0
FURIEX PHARMACEUTICALS INC COM 36106P101 22,166 650,608 SH   SOLE   650,608 0 0
JAZZ PHARMACEUTICALS PLC SHS USD G50871105 21,503 312,858 SH   SOLE   312,858 0 0
LIPOSCIENCE INC COM 53630M108 2,952 422,263 SH   SOLE   422,263 0 0
MEDICINES CO COM 584688105 25,678 834,798 SH   SOLE   834,798 0 0
NPS PHARMACEUTICALS INC COM 62936P103 27,791 1,839,263 SH   SOLE   1,839,263 0 0
QUESTCOR PHARMACEUTICALS INC COM 74835Y101 9,088 200,000 SH   SOLE   200,000 0 0
SALIX PHARMACEUTICALS INC COM 795435106 30,954 467,943 SH   SOLE   467,943 0 0
SUCAMPO PHARMACEUTICALS INC CL A 864909106 1,184 179,988 SH   SOLE   179,988 0 0
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 7,502 134,199 SH   SOLE   134,199 0 0
UNITED THERAPEUTICS CORP DEL COM 91307C102 26,865 408,166 SH   SOLE   408,166 0 0
VANDA PHARMACEUTICALS INC COM 921659108 11,553 1,429,798 SH   SOLE   1,429,798 0 0