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 13,470 1,779,340 SH   DFND 3 1,779,340 0 0
Agios Pharmaceuticals Inc. COM 00847X104 23,185 506,000 SH   DFND 3 506,000 0 0
Alexion Pharmaceuticals Inc. COM 015351109 113,661 727,428 SH   DFND 2 727,428 0 0
Alnylam Pharmaceuticals Inc. COM 02043Q107 39,247 621,288 SH   DFND 3 621,288 0 0
Celgene Corp COM 151020104 362,353 4,219,298 SH   DFND 2 4,219,298 0 0
Clovis Oncology Inc COM 189464100 23,115 558,188 SH   DFND 3 558,188 0 0
Cubist Pharmaceuticals Inc. RIGHT 99/99/9999 229678123 101 876,273 SH   DFND 3 876,273 0 0
Endocyte Inc. COM 29269A102 16,235 2,463,522 SH   DFND 3 2,463,522 0 0
Gilead Sciences Inc. COM 375558103 289,231 3,488,496 SH   DFND 1 3,488,496 0 0
Halozyme Therapeutics Inc. COM 40637H109 57,764 5,846,564 SH   DFND 3 5,846,564 0 0
ImmunoGen Inc. COM 45253H101 37,515 3,165,816 SH   DFND 3 3,165,816 0 0
Incyte Corp COM 45337C102 235,004 4,163,790 SH   DFND 3 4,163,790 0 0
Infinity Pharmaceuticals Inc. COM 45665G303 19,183 1,505,737 SH   DFND 3 1,505,737 0 0
Isis Pharmaceuticals Inc. COM 464330109 231,040 6,706,526 SH   DFND 3 6,706,526 0 0
Medivation Inc. COM 58501N101 115,597 1,499,706 SH   DFND 3 1,499,706 0 0
Neurocrine Biosciences Inc. COM 64125C109 45,789 3,086,552 SH   DFND 3 3,086,552 0 0
Pharmacyclics Inc. COM 716933106 65,627 731,542 SH   DFND 2 731,542 0 0
Puma Biotechnology Inc. COM 74587V107 38,081 576,991 SH   DFND 3 576,991 0 0
Radius Health Inc COM 750469207 35,686 2,745,040 SH   DFND   2,745,040 0 0
Regeneron Pharmaceuticals Inc. COM 75886F107 65,816 233,000 SH   DFND 2 233,000 0 0
Synageva BioPharma Corp. COM 87159A103 94,160 898,476 SH   DFND 3 898,476 0 0
Tesaro Inc. COM 881569107 21,920 704,582 SH   DFND 3 704,582 0 0
Theravance Inc. COM 88338T104 27,792 933,244 SH   DFND 3 933,244 0 0
Vertex Pharmaceuticals Inc. COM 92532F100 132,973 1,404,445 SH   DFND 3 1,404,445 0 0