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
Estimated average burden
hours per response: 23.8

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 5,854 1,779,340 SH   DFND 3 1,779,340 0 0
Alexion Pharmaceuticals Inc. COM 015351109 110,664 727,428 SH   DFND 2 727,428 0 0
Alnylam Pharmaceuticals Inc. COM 02043Q107 31,642 471,288 SH   DFND 3 471,288 0 0
Ariad Pharmaceuticals Inc. COM 04033A100 1,382 171,517 SH   DFND 3 171,517 0 0
Celgene Corp COM 151020104 304,977 2,184,649 SH   DFND 2 2,184,649 0 0
Clovis Oncology Inc COM 189464100 33,817 488,188 SH   DFND 3 488,188 0 0
Cubist Pharmaceuticals Inc. RIGHT 99/99/9999 229678123 570 876,273 SH   DFND 3 876,273 0 0
Endocyte Inc. COM 29269A102 58,656 2,463,522 SH   DFND 3 2,463,522 0 0
Gilead Sciences Inc. COM 375558103 248,966 3,513,496 SH   DFND 1 3,513,496 0 0
Halozyme Therapeutics Inc. COM 40637H109 71,676 5,641,564 SH   DFND 3 5,641,564 0 0
Idenix Pharmaceuticals Inc. COM 45166R204 7,538 1,250,000 SH   DFND 3 1,250,000 0 0
ImmunoGen Inc. COM 45253H101 47,266 3,165,816 SH   DFND 3 3,165,816 0 0
Incyte Corp COM 45337C102 221,240 4,133,790 SH   DFND 3 4,133,790 0 0
Infinity Pharmaceuticals Inc. COM 45665G303 15,466 1,300,737 SH   DFND 3 1,300,737 0 0
Isis Pharmaceuticals Inc. COM 464330109 272,289 6,301,526 SH   DFND 3 6,301,526 0 0
Medivation Inc. COM 58501N101 93,961 1,459,706 SH   DFND 3 1,459,706 0 0
Neurocrine Biosciences Inc. COM 64125C109 48,244 2,996,552 SH   DFND 3 2,996,552 0 0
Pharmacyclics Inc. COM 716933106 63,794 636,542 SH   DFND 2 636,542 0 0
Puma Biotechnology Inc. COM 74587V107 12,288 117,991 SH   DFND 3 117,991 0 0
Regeneron Pharmaceuticals Inc. COM 75886F107 66,962 223,000 SH   DFND 2 223,000 0 0
Synageva BioPharma Corp. COM 87159A103 77,988 939,957 SH   DFND 3 939,957 0 0
Tesaro Inc. COM 881569107 17,823 604,582 SH   DFND 3 604,582 0 0
Theravance Inc. COM 88338T104 27,482 888,244 SH   DFND 3 888,244 0 0
Vertex Pharmaceuticals Inc. COM 92532F100 99,322 1,404,445 SH   DFND 3 1,404,445 0 0