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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Achillion Pharmaceuticals, Inc COM 00448Q201 13,737 1,679,340 SH   DFND 3 1,679,340 0 0
Alexion Pharmaceuticals, Inc. COM 015351109 71,774 778,126 SH   DFND 2 778,126 0 0
Alnylam Pharmaceuticals, Inc. COM 02043Q107 14,099 454,800 SH   DFND 3 454,800 0 0
Ariad Pharmaceuticals, Inc COM 04033A100 54,488 3,115,371 SH   DFND 3 3,115,371 0 0
Biomarin Pharmaceutical Inc COM 09061G101 9,923 178,028 SH   DFND 2 178,028 0 0
Celgene Corporation COM 151020104 251,529 2,150,186 SH   DFND 2 2,150,186 0 0
Dendreon Corporation COM 24823Q107 4,181 1,014,800 SH   DFND 2 1,014,800 0 0
Endocyte, Inc. COM 29269A102 30,716 2,339,345 SH   DFND 3 2,339,345 0 0
Gilead Sciences, Inc. COM 375558103 189,699 3,700,000 SH   DFND 1 3,700,000 0 0
Halozyme Therapeutics, Inc. COM 40637H109 44,890 5,646,519 SH   DFND 3 5,646,519 0 0
Idenix Pharmaceuticals, Inc. COM 45166R204 4,513 1,250,000 SH   DFND 3 1,250,000 0 0
Immunogen, Inc. COM 45253H101 54,118 3,262,094 SH   DFND 3 3,262,094 0 0
Incyte Corporation COM 45337C102 117,857 5,357,149 SH   DFND 3 5,357,149 0 0
Infinity Pharmaceuticals, Inc. COM 45665G303 17,646 1,089,828 SH   DFND 3 1,089,828 0 0
Isis Pharmaceuticals, Inc. COM 464330109 208,758 7,769,172 SH   DFND 3 7,769,172 0 0
Medivation, Inc. COM 58501N101 71,326 1,449,706 SH   DFND 3 1,449,706 0 0
Onyx Pharmaceuticals, Inc. COM 683399109 47,447 546,500 SH   DFND 2 546,500 0 0
Optimer Pharmaceuticals, Inc. COM 68401H104 20,934 1,446,700 SH   DFND 3 1,446,700 0 0
Synageva BioPharma Corp. COM 87159A103 2,248 53,549 SH   DFND 3 53,549 0 0
The Medicines Company COM 584688105 9,320 302,993 SH   DFND 2 302,993 0 0
Theravance, Inc. COM 88338T104 34,224 888,244 SH   DFND 3 888,244 0 0
Trius Therapeutics, Inc. COM 89685K100 2,268 280,000 SH   DFND 3 280,000 0 0
Vertex Pharmaceuticals Incorporated COM 92532F100 112,440 1,404,445 SH   DFND 3 1,404,445 0 0