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 47,581 833,000 SH   SOLE 833,000 0 0
ADMA BIOLOGICS INC COM 000899104 8,576 1,060,017 SH   SOLE 1,060,017 0 0
ALLERGAN PLC SHS G0177J108 25,463 95,000 SH   SOLE 95,000 0 0
ANI PHARMACEUTICALS INC COM 00182C103 34,615 1,028,364 SH   SOLE 1,028,364 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 35,629 5,575,742 SH   SOLE 5,575,742 0 0
AXOGEN INC COM 05463X106 2,178 406,351 SH   SOLE 406,351 0 0
BIOLASE INC COM 090911108 1,642 1,253,292 SH   SOLE 1,253,292 0 0
DEPOMED INC COM 249908104 38,396 2,756,360 SH   SOLE 2,756,360 0 0
DERMA SCIENCES INC COM PAR $.01 249827502 5 181,818 SH   SOLE 181,818 0 0
EAGLE PHARMACEUTICALS INC COM 269796108 28,104 693,937 SH   SOLE 693,937 0 0
IRONWOOD PHARMACEUTICALS INC COM CL A 46333X108 54,089 4,944,139 SH   SOLE 4,944,139 0 0
MALLINCKRODT PUB LTD CO SHS G5785G107 68,021 1,110,000 SH   SOLE 1,110,000 0 0
MEDIVATION INC COM 58501N101 62,073 1,350,000 SH   SOLE 1,350,000 0 0
MERRIMACK PHARMACEUTICALS IN COM 590328100 49,175 5,875,171 SH   SOLE 5,875,171 0 0
NUVASIVE INC COM 670704105 48,893 1,005,000 SH   SOLE 1,005,000 0 0
ORTHOFIX INTL N V COM N6748L102 62,525 1,505,896 SH   SOLE 1,505,896 0 0
PACIFIC BIOSCIENCES CALIF IN COM 69404D108 38,399 4,517,517 SH   SOLE 4,517,517 0 0
PENUMBRA INC COM 70975L107 1,840 40,000 SH   SOLE 40,000 0 0
RETROPHIN INC COM 761299106 37,291 2,729,947 SH   SOLE 2,729,947 0 0
SEASPINE HLDGS CORP COM 81255T108 2,449 167,298 SH   SOLE 167,298 0 0
VERACYTE INC COM 92337F107 895 165,825 SH   SOLE 165,825 0 0
VERICEL CORP COM 92346J108 13,085 2,232,940 SH   SOLE 2,232,940 0 0