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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABIVAX SA SPONSORED ADS 00370M103   162,785,237 1,461,924 SH   SOLE   1,461,924 0 0
ADMA BIOLOGICS INC COM 000899104   42,856,164 4,756,511 SH   SOLE   4,756,511 0 0
ADMA BIOLOGICS INC COM 000899104   2,703,000 300,000 SH Call SOLE   300,000 0 0
AGIOS PHARMACEUTICALS INC COM 00847X104   3,044,700 90,000 SH Call SOLE   90,000 0 0
ANIKA THERAPEUTICS INC COM 035255108   20,809,385 1,435,130 SH   SOLE   1,435,130 0 0
AURA BIOSCIENCES INC COM 05153U107   1,537,790 229,864 SH   SOLE   229,864 0 0
AVALO THERAPEUTICS INC COM NEW 05338F306   24,410,893 1,635,023 SH   SOLE   1,635,023 0 0
CG ONCOLOGY INC COM 156944100   60,912,000 900,000 SH Call SOLE   900,000 0 0
EXELIXIS INC COM 30161Q104   66,619,407 1,553,262 SH   SOLE   1,553,262 0 0
INVENTIVA SA ADS 46124U107   27,610,728 4,974,906 SH   SOLE   4,974,906 0 0
LB PHARMACEUTICALS INC COM SHS 50180M108   34,628,726 1,438,070 SH   SOLE   1,438,070 0 0
LIQUIDIA CORPORATION COM NEW 53635D202   306,406,984 8,118,892 SH   SOLE   8,118,892 0 0
MAZE THERAPEUTICS INC COM 578784100   18,356,616 614,962 SH   SOLE   614,962 0 0
MBX BIOSCIENCES INC COM 55287L101   25,330,412 848,590 SH   SOLE   848,590 0 0
MINERALYS THERAPEUTICS INC COM 603170101   75,111,197 2,772,654 SH   SOLE   2,772,654 0 0
OPUS GENETICS INC COM 67577R102   27,641,377 6,075,028 SH   SOLE   6,075,028 0 0
REVOLUTION MEDICINES INC COM 76155X100   160,735,578 1,652,808 SH   SOLE   1,652,808 0 0
REVOLUTION MEDICINES INC COM 76155X100   22,260,525 228,900 SH Call SOLE   228,900 0 0
SAB BIOTHERAPEUTICS INC COM NEW 78397T202   30,514,403 7,967,207 SH   SOLE   7,967,207 0 0
SENSEI BIOTHERAPEUTICS INC COM NEW 81728A207   3,971,583 126,002 SH   SOLE   126,002 0 0
SPYRE THERAPEUTICS INC COM NEW 00773J202   44,292,726 878,127 SH   SOLE   878,127 0 0
TANGO THERAPEUTICS INC COM 87583X109   50,392,054 2,408,798 SH   SOLE   2,408,798 0 0
TYRA BIOSCIENCES INC COM 90240B106   48,907,874 1,276,968 SH   SOLE   1,276,968 0 0
VAXCYTE INC COM 92243G108   119,748,381 2,060,719 SH   SOLE   2,060,719 0 0
VERRICA PHARMACEUTICALS INC COM SHS 92511W207   4,887,484 923,910 SH   SOLE   923,910 0 0
VOR BIOPHARMA INC COM NEW 929033207   34,343,177 1,925,066 SH   SOLE   1,925,066 0 0
XENON PHARMACEUTICALS INC COM 98420N105   81,004,520 1,393,027 SH   SOLE   1,393,027 0 0
XILIO THERAPEUTICS INC COM 98422T209   942,996 112,128 SH   SOLE   112,128 0 0