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	<infoTable>
		<nameOfIssuer>ABIVAX SA</nameOfIssuer>
		<titleOfClass>SPONSORED ADS</titleOfClass>
		<cusip>00370M103</cusip>
		<value>6232692</value>
		<shrsOrPrnAmt>
			<sshPrnamt>57635</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>57635</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>ABIVAX SA</nameOfIssuer>
		<titleOfClass>SPONSORED ADS</titleOfClass>
		<cusip>00370M103</cusip>
		<value>32658955</value>
		<shrsOrPrnAmt>
			<sshPrnamt>293300</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>293300</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>ACADIA PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>004225108</cusip>
		<value>625484</value>
		<shrsOrPrnAmt>
			<sshPrnamt>28099</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>28099</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>ACUMEN PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00509G209</cusip>
		<value>2486960</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1053797</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1053797</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>ADLAI NORTYE LTD</nameOfIssuer>
		<titleOfClass>SPONSORED ADS</titleOfClass>
		<cusip>00704R109</cusip>
		<value>234581</value>
		<shrsOrPrnAmt>
			<sshPrnamt>33899</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>33899</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>AETHLON MED INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>00808Y604</cusip>
		<value>31458</value>
		<shrsOrPrnAmt>
			<sshPrnamt>14364</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>14364</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AIRSCULPT TECHNOLOGIES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>009496100</cusip>
		<value>46405</value>
		<shrsOrPrnAmt>
			<sshPrnamt>16398</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>16398</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALECTOR INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>014442107</cusip>
		<value>4477603</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2082606</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2082606</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALPHA COGNITION INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>02074J501</cusip>
		<value>5798862</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1056259</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1056259</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALTO NEUROSCIENCE INC</nameOfIssuer>
		<titleOfClass>COM SHS</titleOfClass>
		<cusip>02157Q109</cusip>
		<value>11577200</value>
		<shrsOrPrnAmt>
			<sshPrnamt>515000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>515000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALUMIS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>022307102</cusip>
		<value>26734462</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1213548</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1213548</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>ALUMIS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>022307102</cusip>
		<value>5829138</value>
		<shrsOrPrnAmt>
			<sshPrnamt>264600</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>264600</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ANI PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00182C103</cusip>
		<value>11310837</value>
		<shrsOrPrnAmt>
			<sshPrnamt>147085</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>147085</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>ANI PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00182C103</cusip>
		<value>11535000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>150000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>150000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ANNEXON INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>03589W102</cusip>
		<value>3214551</value>
		<shrsOrPrnAmt>
			<sshPrnamt>580244</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>580244</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ANTERIS TECHNOLOGIES GLOBAL</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>03675P102</cusip>
		<value>2034469</value>
		<shrsOrPrnAmt>
			<sshPrnamt>366571</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>366571</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ARROWHEAD PHARMACEUTICALS IN</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>04280A100</cusip>
		<value>3605250</value>
		<shrsOrPrnAmt>
			<sshPrnamt>57500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>57500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ARVINAS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>04335A105</cusip>
		<value>3797524</value>
		<shrsOrPrnAmt>
			<sshPrnamt>358257</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>358257</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AUTONOMIX MED INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>05330T205</cusip>
		<value>7290</value>
		<shrsOrPrnAmt>
			<sshPrnamt>18688</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>18688</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AVALO THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>05338F306</cusip>
		<value>5994395</value>
		<shrsOrPrnAmt>
			<sshPrnamt>401500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>401500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AVALO THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>05338F306</cusip>
		<value>2366405</value>
		<shrsOrPrnAmt>
			<sshPrnamt>158500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>158500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BIOHAVEN LTD</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>G1110E107</cusip>
		<value>3489589</value>
		<shrsOrPrnAmt>
			<sshPrnamt>412481</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>412481</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BIOMX INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>09090D509</cusip>
		<value>73102</value>
		<shrsOrPrnAmt>
			<sshPrnamt>19473</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>19473</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BRIDGEBIO ONCOLOGY THERAPEUT</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>107924102</cusip>
		<value>2418568</value>
		<shrsOrPrnAmt>
			<sshPrnamt>270231</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>270231</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BRIDGEBIO PHARMA INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>10806X102</cusip>
		<value>11890511</value>
		<shrsOrPrnAmt>
			<sshPrnamt>160120</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>160120</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BRIDGEBIO PHARMA INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>10806X102</cusip>
		<value>4344210</value>
		<shrsOrPrnAmt>
			<sshPrnamt>58500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>58500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BRIGHT MINDS BIOSCIENCES INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>10919W405</cusip>
		<value>12160232</value>
		<shrsOrPrnAmt>
			<sshPrnamt>166647</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>166647</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BRISTOL-MYERS SQUIBB CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>110122108</cusip>
		<value>30325000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>500000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CABALETTA BIO INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>12674W109</cusip>
		<value>2421000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>900000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>900000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CAPRICOR THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>14070B309</cusip>
		<value>16051656</value>
		<shrsOrPrnAmt>
			<sshPrnamt>528015</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>528015</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CAPRICOR THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>14070B309</cusip>
		<value>10640000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>350000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>350000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CARDIOL THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>14161Y200</cusip>
		<value>3678750</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2725000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2725000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CARTESIAN THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>816212302</cusip>
		<value>127963</value>
		<shrsOrPrnAmt>
			<sshPrnamt>20807</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>20807</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CELLDEX THERAPEUTICS INC NEW</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>15117B202</cusip>
		<value>14630755</value>
		<shrsOrPrnAmt>
			<sshPrnamt>461247</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>461247</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CELLDEX THERAPEUTICS INC NEW</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>15117B202</cusip>
		<value>3616080</value>
		<shrsOrPrnAmt>
			<sshPrnamt>114000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>114000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CENTESSA PHARMACEUTICALS PLC</nameOfIssuer>
		<titleOfClass>SPONSORED ADS</titleOfClass>
		<cusip>152309100</cusip>
		<value>719448</value>
		<shrsOrPrnAmt>
			<sshPrnamt>18113</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>18113</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>CHEMOMAB THERAPEUTICS LTD</nameOfIssuer>
		<titleOfClass>SPONSORED ADS</titleOfClass>
		<cusip>16385C203</cusip>
		<value>81315</value>
		<shrsOrPrnAmt>
			<sshPrnamt>51793</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>51793</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CNS PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>18978H508</cusip>
		<value>109992</value>
		<shrsOrPrnAmt>
			<sshPrnamt>45830</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>45830</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>COMPASS PATHWAYS PLC</nameOfIssuer>
		<titleOfClass>SPONSORED ADS</titleOfClass>
		<cusip>20451W101</cusip>
		<value>3732750</value>
		<shrsOrPrnAmt>
			<sshPrnamt>675000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>675000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>COMPASS THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>20454B104</cusip>
		<value>95220</value>
		<shrsOrPrnAmt>
			<sshPrnamt>18000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>18000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CONNECT BIOPHARMA HLDGS LTD</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G23549101</cusip>
		<value>13117835</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5388486</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>5388486</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>CONNECT BIOPHARMA HLDGS LTD</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G23549101</cusip>
		<value>378852</value>
		<shrsOrPrnAmt>
			<sshPrnamt>144600</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>144600</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>CONTINEUM THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>21217B100</cusip>
		<value>10550835</value>
		<shrsOrPrnAmt>
			<sshPrnamt>807874</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>807874</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CUMBERLAND PHARMACEUTICALS I</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>230770109</cusip>
		<value>1797748</value>
		<shrsOrPrnAmt>
			<sshPrnamt>553153</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>553153</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CYBIN INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>23256X407</cusip>
		<value>634334</value>
		<shrsOrPrnAmt>
			<sshPrnamt>132153</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>132153</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CYTOKINETICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>23282W605</cusip>
		<value>18690231</value>
		<shrsOrPrnAmt>
			<sshPrnamt>283572</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>283572</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CYTOKINETICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>23282W605</cusip>
		<value>26917644</value>
		<shrsOrPrnAmt>
			<sshPrnamt>408400</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>408400</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CYTOKINETICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>23282W605</cusip>
		<value>36283455</value>
		<shrsOrPrnAmt>
			<sshPrnamt>550500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>550500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DAMORA THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>36322Q206</cusip>
		<value>8694889</value>
		<shrsOrPrnAmt>
			<sshPrnamt>335710</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>335710</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>DBV TECHNOLOGIES S A</nameOfIssuer>
		<titleOfClass>SPONSORED ADS</titleOfClass>
		<cusip>23306J309</cusip>
		<value>2198776</value>
		<shrsOrPrnAmt>
			<sshPrnamt>525000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>525000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DEFINIUM THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM SHS</titleOfClass>
		<cusip>24477V105</cusip>
		<value>1111377</value>
		<shrsOrPrnAmt>
			<sshPrnamt>58803</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>58803</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DELCATH SYS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>24661P807</cusip>
		<value>4002009</value>
		<shrsOrPrnAmt>
			<sshPrnamt>431251</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>431251</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>DIREXION SHARES ETF TRUST</nameOfIssuer>
		<titleOfClass>DAILY S&amp;P BIOTEC</titleOfClass>
		<cusip>25461H853</cusip>
		<value>1724899</value>
		<shrsOrPrnAmt>
			<sshPrnamt>105822</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>105822</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ELI LILLY &amp; CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>532457108</cusip>
		<value>6021734</value>
		<shrsOrPrnAmt>
			<sshPrnamt>6547</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>6547</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ENLIVEN THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>29337E102</cusip>
		<value>3281040</value>
		<shrsOrPrnAmt>
			<sshPrnamt>83700</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>83700</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>EQUILLIUM INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>29446K106</cusip>
		<value>607110</value>
		<shrsOrPrnAmt>
			<sshPrnamt>303555</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>303555</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>EUPRAXIA PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>29842P105</cusip>
		<value>8794726</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1214741</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1214741</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>EVAXION AS</nameOfIssuer>
		<titleOfClass>SPONSORED ADS</titleOfClass>
		<cusip>29970R303</cusip>
		<value>277876</value>
		<shrsOrPrnAmt>
			<sshPrnamt>74698</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>74698</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>EYEPOINT INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>30233G209</cusip>
		<value>4774456</value>
		<shrsOrPrnAmt>
			<sshPrnamt>370400</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>370400</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>EYEPOINT INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>30233G209</cusip>
		<value>4774456</value>
		<shrsOrPrnAmt>
			<sshPrnamt>370400</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>370400</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FORTE BIOSCIENCES INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>34962G208</cusip>
		<value>3081376</value>
		<shrsOrPrnAmt>
			<sshPrnamt>118972</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>118972</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>FRACTYL HEALTH INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>35168W103</cusip>
		<value>503580</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1100000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1100000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FULCRUM THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>359616109</cusip>
		<value>8047065</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1049161</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1049161</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GLUCOTRACK INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>45824Q804</cusip>
		<value>29790</value>
		<shrsOrPrnAmt>
			<sshPrnamt>45830</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>45830</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>HARROW INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>415858109</cusip>
		<value>19147837</value>
		<shrsOrPrnAmt>
			<sshPrnamt>543047</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>543047</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>HYPERLIQUID STRATEGIES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>44916Y106</cusip>
		<value>152705</value>
		<shrsOrPrnAmt>
			<sshPrnamt>30001</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>30001</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>IBIO INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>451033708</cusip>
		<value>1818418</value>
		<shrsOrPrnAmt>
			<sshPrnamt>957062</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>957062</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>IMMATICS N.V</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>N44445109</cusip>
		<value>477919</value>
		<shrsOrPrnAmt>
			<sshPrnamt>48569</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>48569</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>IMMUNIC INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>4525EP101</cusip>
		<value>748876</value>
		<shrsOrPrnAmt>
			<sshPrnamt>674662</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>674662</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INSMED INC</nameOfIssuer>
		<titleOfClass>COM PAR $.01</titleOfClass>
		<cusip>457669307</cusip>
		<value>689074</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4214</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>4214</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INVENTIVA SA</nameOfIssuer>
		<titleOfClass>ADS</titleOfClass>
		<cusip>46124U107</cusip>
		<value>7842781</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1429101</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1429101</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INVESCO QQQ TR</nameOfIssuer>
		<titleOfClass>UNIT SER 1</titleOfClass>
		<cusip>46090E103</cusip>
		<value>57718000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>100000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>100000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INVIVYD INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00534A102</cusip>
		<value>3453542</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2656570</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2656570</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>IO BIOTECH INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>449778109</cusip>
		<value>81391</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1386565</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1386565</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>IONIS PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>462222100</cusip>
		<value>9539284</value>
		<shrsOrPrnAmt>
			<sshPrnamt>127038</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>127038</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>IONIS PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>462222100</cusip>
		<value>8417589</value>
		<shrsOrPrnAmt>
			<sshPrnamt>112100</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>112100</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>ISHARES TR</nameOfIssuer>
		<titleOfClass>RUSSELL 2000 ETF</titleOfClass>
		<cusip>464287655</cusip>
		<value>49600000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>200000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>200000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>JADE BIOSCIENCES INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>008064206</cusip>
		<value>7198503</value>
		<shrsOrPrnAmt>
			<sshPrnamt>512349</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>512349</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>JASPER THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>471871202</cusip>
		<value>21110</value>
		<shrsOrPrnAmt>
			<sshPrnamt>24093</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>24093</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>JAZZ PHARMACEUTICALS PLC</nameOfIssuer>
		<titleOfClass>SHS USD</titleOfClass>
		<cusip>G50871105</cusip>
		<value>2355563</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12460</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>12460</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>JOURNEY MED CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>48115J109</cusip>
		<value>1179235</value>
		<shrsOrPrnAmt>
			<sshPrnamt>251436</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>251436</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>KALARIS THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>482929106</cusip>
		<value>2077200</value>
		<shrsOrPrnAmt>
			<sshPrnamt>360000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>360000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>KALVISTA PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>483497103</cusip>
		<value>706946</value>
		<shrsOrPrnAmt>
			<sshPrnamt>35119</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>35119</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>KARYOPHARM THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>48576U205</cusip>
		<value>4085233</value>
		<shrsOrPrnAmt>
			<sshPrnamt>733435</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>733435</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>KARYOPHARM THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>48576U205</cusip>
		<value>5124400</value>
		<shrsOrPrnAmt>
			<sshPrnamt>920000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>920000</Sole>
			<Shared>0</Shared>
			<None>0</None>
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	<infoTable>
		<nameOfIssuer>KARYOPHARM THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>48576U205</cusip>
		<value>5124400</value>
		<shrsOrPrnAmt>
			<sshPrnamt>920000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>920000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>KEZAR LIFE SCIENCES INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>49372L209</cusip>
		<value>758405</value>
		<shrsOrPrnAmt>
			<sshPrnamt>102211</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>102211</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>KODIAK SCIENCES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>50015M109</cusip>
		<value>48252106</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1265795</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1265795</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>KODIAK SCIENCES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>50015M109</cusip>
		<value>3812000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>100000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>100000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>KYMERA THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>501575104</cusip>
		<value>4197816</value>
		<shrsOrPrnAmt>
			<sshPrnamt>50400</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>50400</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>LEGEND BIOTECH CORP</nameOfIssuer>
		<titleOfClass>SPONSORED ADS</titleOfClass>
		<cusip>52490G102</cusip>
		<value>4104404</value>
		<shrsOrPrnAmt>
			<sshPrnamt>226888</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>226888</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>LEXEO THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>52886X107</cusip>
		<value>2944683</value>
		<shrsOrPrnAmt>
			<sshPrnamt>513011</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>513011</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>LEXICON PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>528872302</cusip>
		<value>256892</value>
		<shrsOrPrnAmt>
			<sshPrnamt>164674</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>164674</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>LIPOCINE INC NEW</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>53630X203</cusip>
		<value>4063362</value>
		<shrsOrPrnAmt>
			<sshPrnamt>508556</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>508556</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>LYELL IMMUNOPHARMA INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>55083R203</cusip>
		<value>824084</value>
		<shrsOrPrnAmt>
			<sshPrnamt>41081</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>41081</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MACROGENICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>556099109</cusip>
		<value>216441</value>
		<shrsOrPrnAmt>
			<sshPrnamt>74893</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>74893</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>MANGOCEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>56270V205</cusip>
		<value>49747</value>
		<shrsOrPrnAmt>
			<sshPrnamt>138146</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>138146</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>MAZE THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>578784100</cusip>
		<value>11313120</value>
		<shrsOrPrnAmt>
			<sshPrnamt>378999</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>378999</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>MAZE THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>578784100</cusip>
		<value>429840</value>
		<shrsOrPrnAmt>
			<sshPrnamt>14400</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>14400</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>NEUMORA THERAPEUTICS INC.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>640979100</cusip>
		<value>2492896</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1278408</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1278408</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>NEUPHORIA THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>64136E102</cusip>
		<value>193093</value>
		<shrsOrPrnAmt>
			<sshPrnamt>47443</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>47443</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>NEURONETICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>64131A105</cusip>
		<value>1016714</value>
		<shrsOrPrnAmt>
			<sshPrnamt>701182</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>701182</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>NEXTCURE INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>65343E207</cusip>
		<value>2506947</value>
		<shrsOrPrnAmt>
			<sshPrnamt>238303</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>238303</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>NOVO-NORDISK A S</nameOfIssuer>
		<titleOfClass>ADR</titleOfClass>
		<cusip>670100205</cusip>
		<value>14700000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>400000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>400000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>NUVALENT INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>670703107</cusip>
		<value>2417206</value>
		<shrsOrPrnAmt>
			<sshPrnamt>23594</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>23594</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>NYXOAH S A</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>B6S7WD106</cusip>
		<value>138285</value>
		<shrsOrPrnAmt>
			<sshPrnamt>47358</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>47358</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>OCUGEN INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>67577C105</cusip>
		<value>7172979</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3962972</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>3962972</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>OLEMA PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>68062P106</cusip>
		<value>8920370</value>
		<shrsOrPrnAmt>
			<sshPrnamt>598281</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>598281</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>OLEMA PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>68062P106</cusip>
		<value>8197518</value>
		<shrsOrPrnAmt>
			<sshPrnamt>549800</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>549800</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>ORUKA THERAPEUTICS INC</nameOfIssuer>
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		<cusip>687604108</cusip>
		<value>11871130</value>
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			<sshPrnamt>242021</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>242021</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>OVID THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>690469101</cusip>
		<value>6426242</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2894704</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2894704</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>PALISADE BIO INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>696389402</cusip>
		<value>481212</value>
		<shrsOrPrnAmt>
			<sshPrnamt>274978</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>274978</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>PALVELLA THERAPEUTICS INC NE</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>697947109</cusip>
		<value>8055631</value>
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			<sshPrnamt>64626</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>64626</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>PASSAGE BIO INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>702712209</cusip>
		<value>534773</value>
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			<sshPrnamt>68124</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>68124</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>PELTHOS THERAPEUTICS INC</nameOfIssuer>
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		<cusip>171126204</cusip>
		<value>5391124</value>
		<shrsOrPrnAmt>
			<sshPrnamt>256598</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>256598</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>PEPGEN INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>713317105</cusip>
		<value>791482</value>
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			<sshPrnamt>447165</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>447165</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>PEPGEN INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>713317105</cusip>
		<value>531000</value>
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			<sshPrnamt>300000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>300000</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>PERCEPTIVE CAP SOLUTIONS COR</nameOfIssuer>
		<titleOfClass>CL A ORD SHS</titleOfClass>
		<cusip>G70077105</cusip>
		<value>2643232</value>
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			<sshPrnamt>240951</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>240951</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>PHARVARIS N V</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>N69605108</cusip>
		<value>13753683</value>
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			<sshPrnamt>486856</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>486856</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>PMV PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>69353Y103</cusip>
		<value>110529</value>
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			<sshPrnamt>89136</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>89136</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>PRAXIS PRECISION MEDICINES I</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>74006W207</cusip>
		<value>23062682</value>
		<shrsOrPrnAmt>
			<sshPrnamt>71581</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>71581</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>PROMIS NEUROSCIENCES INC</nameOfIssuer>
		<titleOfClass>COM SHS</titleOfClass>
		<cusip>74346M505</cusip>
		<value>698500</value>
		<shrsOrPrnAmt>
			<sshPrnamt>55000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>55000</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>PROQR THRAPEUTICS N V</nameOfIssuer>
		<titleOfClass>SHS EURO</titleOfClass>
		<cusip>N71542109</cusip>
		<value>2417411</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1492229</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1492229</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>QUOIN PHARMACEUTICALS LTD</nameOfIssuer>
		<titleOfClass>SPONSORED ADS</titleOfClass>
		<cusip>74907L409</cusip>
		<value>1396151</value>
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			<sshPrnamt>211538</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>211538</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>RELMADA THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>75955J402</cusip>
		<value>18710978</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2688359</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2688359</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>REPLIMUNE GROUP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>76029N106</cusip>
		<value>2295000</value>
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			<sshPrnamt>300000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>300000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>REVOLUTION MEDICINES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>76155X100</cusip>
		<value>15865561</value>
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			<sshPrnamt>163142</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>163142</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>REVOLUTION MEDICINES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>76155X100</cusip>
		<value>9238750</value>
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			<sshPrnamt>95000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>95000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>REZOLUTE INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>76200L309</cusip>
		<value>50261</value>
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			<sshPrnamt>16479</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>16479</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>SANGAMO THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>800677106</cusip>
		<value>300890</value>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1218671</Sole>
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			<None>0</None>
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		<nameOfIssuer>SENSEI BIOTHERAPEUTICS INC</nameOfIssuer>
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		<cusip>81728A207</cusip>
		<value>200184</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>6351</Sole>
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			<None>0</None>
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		<nameOfIssuer>SHUTTLE PHARMACTCLS HLDGS IN</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>825693401</cusip>
		<value>46832</value>
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			<sshPrnamt>68993</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>68993</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>SILENCE THERAPEUTICS PLC</nameOfIssuer>
		<titleOfClass>ADS</titleOfClass>
		<cusip>82686Q101</cusip>
		<value>1731568</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>865784</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>SOLENO THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>834203309</cusip>
		<value>11521238</value>
		<shrsOrPrnAmt>
			<sshPrnamt>344123</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>344123</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>SOLID BIOSCIENCES INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>83422E204</cusip>
		<value>1903744</value>
		<shrsOrPrnAmt>
			<sshPrnamt>264409</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>264409</Sole>
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			<None>0</None>
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		<nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer>
		<titleOfClass>STATE STREET SPD</titleOfClass>
		<cusip>78464A870</cusip>
		<value>102184000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>800000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>800000</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>SPRUCE BIOSCIENCES INC</nameOfIssuer>
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		<cusip>85209E208</cusip>
		<value>7930614</value>
		<shrsOrPrnAmt>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>121356</Sole>
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			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>SURROZEN INC</nameOfIssuer>
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		<cusip>86889P208</cusip>
		<value>5042607</value>
		<shrsOrPrnAmt>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>173107</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>TARSUS PHARMACEUTICALS INC</nameOfIssuer>
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		<cusip>87650L103</cusip>
		<value>2186295</value>
		<shrsOrPrnAmt>
			<sshPrnamt>31166</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>31166</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>TECTONIC THERAPEUTIC INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>878972108</cusip>
		<value>4869469</value>
		<shrsOrPrnAmt>
			<sshPrnamt>157537</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>157537</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>TENAX THERAPEUTICS INC</nameOfIssuer>
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		<cusip>88032L605</cusip>
		<value>16271424</value>
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			<sshPrnamt>1017600</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1017600</Sole>
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			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>TENAX THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>88032L605</cusip>
		<value>1827657</value>
		<shrsOrPrnAmt>
			<sshPrnamt>114300</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>114300</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>TERNS PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>880881107</cusip>
		<value>76780248</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1456378</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1456378</Sole>
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		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>TERNS PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>880881107</cusip>
		<value>63264000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1200000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1200000</Sole>
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			<None>0</None>
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	<infoTable>
		<nameOfIssuer>THERIVA BIOLOGICS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>87164U508</cusip>
		<value>21944</value>
		<shrsOrPrnAmt>
			<sshPrnamt>112076</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>112076</Sole>
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			<None>0</None>
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		<nameOfIssuer>TRAWS PHARMA INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>68232V884</cusip>
		<value>1241000</value>
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			<sshPrnamt>678142</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>678142</Sole>
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			<None>0</None>
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		<nameOfIssuer>ULTRAGENYX PHARMACEUTICAL IN</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>90400D108</cusip>
		<value>10109863</value>
		<shrsOrPrnAmt>
			<sshPrnamt>482571</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>482571</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>UNIQURE NV</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>N90064101</cusip>
		<value>1488831</value>
		<shrsOrPrnAmt>
			<sshPrnamt>91060</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>91060</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>UNIQURE NV</nameOfIssuer>
		<titleOfClass>CALL</titleOfClass>
		<cusip>N90064901</cusip>
		<value>5804250</value>
		<shrsOrPrnAmt>
			<sshPrnamt>355000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>355000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>VAXCYTE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>92243G108</cusip>
		<value>24910711</value>
		<shrsOrPrnAmt>
			<sshPrnamt>428682</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>428682</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>VERA THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>92337R101</cusip>
		<value>8045999</value>
		<shrsOrPrnAmt>
			<sshPrnamt>200000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>200000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>VERA THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>92337R101</cusip>
		<value>2884491</value>
		<shrsOrPrnAmt>
			<sshPrnamt>71700</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>71700</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>VERASTEM INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>92337C203</cusip>
		<value>1133484</value>
		<shrsOrPrnAmt>
			<sshPrnamt>213865</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>213865</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>VERU INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>92536C202</cusip>
		<value>295073</value>
		<shrsOrPrnAmt>
			<sshPrnamt>133517</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>133517</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VIKING THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>92686J106</cusip>
		<value>316191</value>
		<shrsOrPrnAmt>
			<sshPrnamt>9717</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>9717</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VIR BIOTECHNOLOGY INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>92764N102</cusip>
		<value>2627591</value>
		<shrsOrPrnAmt>
			<sshPrnamt>293258</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>293258</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VISTAGEN THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>92840H400</cusip>
		<value>296654</value>
		<shrsOrPrnAmt>
			<sshPrnamt>519077</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>519077</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VOYAGER THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>92915B106</cusip>
		<value>204823</value>
		<shrsOrPrnAmt>
			<sshPrnamt>53063</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>53063</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>VYNE THERAPEUTICS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>92941V308</cusip>
		<value>158284</value>
		<shrsOrPrnAmt>
			<sshPrnamt>264912</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>264912</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>WAVE LIFE SCIENCES LTD</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>Y95308105</cusip>
		<value>618317</value>
		<shrsOrPrnAmt>
			<sshPrnamt>85285</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>85285</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ZURA BIO LTD</nameOfIssuer>
		<titleOfClass>CLASS A ORD SHS</titleOfClass>
		<cusip>G9TY5A101</cusip>
		<value>7101278</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1193492</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1193492</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
</informationTable>
