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
AEGERION PHARMACEUTICALS INC COM 00767E102 38,108 537,034 SH   SOLE   537,034 0 0
AMAG PHARMACEUTICALS INC COM 00163U106 25,119 1,034,537 SH   SOLE   1,034,537 0 0
ANACOR PHARMACEUTICALS INC COM 032420101 22,987 1,369,880 SH   SOLE   1,369,880 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 84 12,260 SH   SOLE   12,260 0 0
BIOSCRIP INC COM 09069N108 29,018 3,921,333 SH   SOLE   3,921,333 0 0
CADENCE PHARMACEUTICALS INC COM 12738T100 23,604 2,608,180 SH   SOLE   2,608,180 0 0
CARDIOVASCULAR SYS INC DEL COM 141619106 37,487 1,093,234 SH   SOLE   1,093,234 0 0
CHINDEX INTERNATIONAL INC COM 169467107 6,335 363,429 SH   SOLE   363,429 0 0
CLOVIS ONCOLOGY INC COM 189464100 8,576 142,300 SH   SOLE   142,300 0 0
EMERGENT BIOSOLUTIONS INC COM 29089Q105 25,147 1,093,828 SH   SOLE   1,093,828 0 0
ENANTA PHARMACEUTICALS INC COM 29251M106 23,223 851,294 SH   SOLE   851,294 0 0
ENDO HEALTH SOLUTIONS INC COM 29264F205 45,259 670,900 SH   SOLE   670,900 0 0
FURIEX PHARMACEUTICALS INC COM 36106P101 27,257 648,829 SH   SOLE   648,829 0 0
GALENA BIOPHARMA INC COM 363256108 14,815 2,986,946 SH   SOLE   2,986,946 0 0
HYPERION THERAPEUTICS INC COM 44915N101 14,847 734,296 SH   SOLE   734,296 0 0
INSYS THERAPEUTICS INC NEW COM NEW 45824V209 27,010 697,763 SH   SOLE   697,763 0 0
LIPOSCIENCE INC COM 53630M108 1,883 443,052 SH   SOLE   443,052 0 0
MASIMO CORP COM 574795100 4,001 136,875 SH   SOLE   136,875 0 0
MEDICINES CO COM 584688105 25,542 661,355 SH   SOLE   661,355 0 0
ORTHOFIX INTL N V COM N6748L102 21,247 931,052 SH   SOLE   931,052 0 0
OSIRIS THERAPEUTICS INC NEW COM 68827R108 15,694 976,016 SH   SOLE   976,016 0 0
SALIX PHARMACEUTICALS INC COM 795435106 23,185 257,779 SH   SOLE   257,779 0 0
SUCAMPO PHARMACEUTICALS INC CL A 864909106 8,697 925,214 SH   SOLE   925,214 0 0
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 26,083 263,732 SH   SOLE   263,732 0 0
UNITED THERAPEUTICS CORP DEL COM 91307C102 65,438 578,690 SH   SOLE   578,690 0 0
VANDA PHARMACEUTICALS INC COM 921659108 1,291 104,000 SH   SOLE   104,000 0 0
WUXI PHARMATECH CAYMAN INC SPONS ADR SHS 929352102 48,064 1,252,314 SH   SOLE   1,252,314 0 0