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
ABBVIE INC COM 00287Y109 78,671 1,445,900 SH   SOLE 1,445,900 0 0
ADMA BIOLOGICS INC COM 000899104 8,796 1,052,142 SH   SOLE 1,052,142 0 0
AKORN INC COM 009728106 53,411 1,873,756 SH   SOLE 1,873,756 0 0
ANI PHARMACEUTICALS INC COM 00182C103 41,734 1,056,289 SH   SOLE 1,056,289 0 0
AXOGEN INC COM 05463X106 925 224,400 SH   SOLE 224,400 0 0
BIOLASE INC COM 090911108 1,039 1,154,372 SH   SOLE 1,154,372 0 0
BIOTIME INC COM 09066L105 1,619 539,640 SH   SOLE 539,640 0 0
CARDIOVASCULAR SYS INC DEL COM 141619106 36,856 2,326,748 SH   SOLE 2,326,748 0 0
CATALYST PHARMACEUTICALS INC COM 14888U101 17,409 5,802,885 SH   SOLE 5,802,885 0 0
CLOVIS ONCOLOGY INC COM 189464100 4,155 45,183 SH   SOLE 45,183 0 0
CTI BIOPHARMA CORP COM 12648L106 672 460,000 SH   SOLE 460,000 0 0
DERMA SCIENCES INC COM PAR $.01 249827502 8,918 1,893,467 SH   SOLE 1,893,467 0 0
EAGLE PHARMACEUTICALS INC COM 269796108 100,230 1,353,913 SH   SOLE 1,353,913 0 0
ENANTA PHARMACEUTICALS INC COM 29251M106 20,624 570,662 SH   SOLE 570,662 0 0
EPIRUS BIOPHARMACEUTICALS IN COM 29428P107 10,275 2,324,669 SH   SOLE 2,324,669 0 0
IMPRIVATA INC COM 45323J103 3,669 206,448 SH   SOLE 206,448 0 0
INSYS THERAPEUTICS INC NEW COM NEW 45824V209 92,697 3,257,094 SH   SOLE 3,257,094 0 0
MERUS LABS INTL INC NEW COM 59047R101 1,681 1,303,484 SH   SOLE 1,303,484 0 0
NANOSTRING TECHNOLOGIES INC COM 63009R109 7,189 449,325 SH   SOLE 449,325 0 0
NEOTHETICS INC COM 64066G101 987 122,271 SH   SOLE 122,271 0 0
ORTHOFIX INTL N V COM N6748L102 60,296 1,786,535 SH   SOLE 1,786,535 0 0
OSIRIS THERAPEUTICS INC NEW COM 68827R108 37,600 2,035,709 SH   SOLE 2,035,709 0 0
PACIFIC BIOSCIENCES CALIF IN COM 69404D108 22,904 6,257,861 SH   SOLE 6,257,861 0 0
RETROPHIN INC COM 761299106 69,904 3,450,323 SH   SOLE 3,450,323 0 0
SEASPINE HLDGS CORP COM 81255T108 4,026 248,502 SH   SOLE 248,502 0 0
SIENTRA INC COM 82621J105 606 59,664 SH   SOLE 59,664 0 0
VANDA PHARMACEUTICALS INC COM 921659108 16,207 1,436,796 SH   SOLE 1,436,796 0 0
VERACYTE INC COM 92337F107 1,251 266,794 SH   SOLE 266,794 0 0
VERICEL CORP COM 92346J108 6,376 2,352,940 SH   SOLE 2,352,940 0 0