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 12,768 1,279,340 SH   DFND 3 1,279,340 0 0
Agios Pharmaceuticals Inc. COM 00847X104 115,983 1,890,521 SH   DFND 3 1,890,521 0 0
Alexion Pharmaceuticals Inc. COM 015351109 120,622 727,428 SH   DFND 2 727,428 0 0
Alnylam Pharmaceuticals Inc. COM 02043Q107 61,019 781,288 SH   DFND 3 781,288 0 0
Celgene Corp. COM 151020104 368,628 3,889,298 SH   DFND 2 3,889,298 0 0
Clovis Oncology Inc. COM 189464100 25,319 558,188 SH   DFND 3 558,188 0 0
Cubist Pharmaceuticals Inc. RIGHT 99/99/9999 229678123 105 876,273 SH   DFND 3 876,273 0 0
Endocyte Inc. COM 29269A102 4,156 683,522 SH   DFND 3 683,522 0 0
Gilead Sciences Inc. COM 375558103 297,591 2,795,596 SH   DFND 1 2,795,596 0 0
Halozyme Therapeutics Inc. COM 40637H109 58,518 6,430,532 SH   DFND 3 6,430,532 0 0
Immunogen Inc. COM 45253H101 33,526 3,165,816 SH   DFND 3 3,165,816 0 0
Incyte Corp. COM 45337C102 211,007 4,301,867 SH   DFND 3 4,301,867 0 0
Infinity Pharmaceuticals Inc. COM 45665G303 31,144 2,320,737 SH   DFND 3 2,320,737 0 0
Isis Pharmaceuticals COM 464330109 257,696 6,636,526 SH   DFND 3 6,636,526 0 0
Medivation Inc. COM 58501N101 141,355 1,429,706 SH   DFND 3 1,429,706 0 0
Neurocrine Biosciences Inc. COM 64125C109 48,836 3,116,552 SH   DFND 3 3,116,552 0 0
Novavax Inc COM 670002104 31,275 7,500,000 SH   DFND 3 7,500,000 0 0
Puma Biotechnology Inc. COM 74587V107 113,796 476,991 SH   DFND 3 476,991 0 0
Pharmacyclics Inc. COM 716933106 85,905 731,542 SH   DFND 2 731,542 0 0
Radius Health Inc. COM 750469207 57,646 2,745,040 SH   DFND   2,745,040 0 0
Receptos Inc. COM 756207106 39,550 636,773 SH   DFND 3 636,773 0 0
Regeneron Pharmaceuticals Inc. COM 75886F107 84,001 233,000 SH   DFND 2 233,000 0 0
Synageva BioPharma Corp. COM 87159A103 75,209 1,093,476 SH   DFND 3 1,093,476 0 0
Theravance Inc. COM 88338T104 12,702 743,244 SH   DFND 3 743,244 0 0
Tesaro Inc. COM 881569107 18,967 704,582 SH   DFND 3 704,582 0 0
Vertex Pharmaceuticals Inc. COM 92532F100 152,118 1,354,445 SH   DFND 3 1,354,445 0 0