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 13,804 1,279,340 SH   DFND 3 1,279,340 0 0
Agios Pharmaceuticals Inc. COM 00847X104 140,222 2,159,921 SH   DFND 3 2,159,921 0 0
Alder Biopharmaceuticals Inc. COM 014339105 49,880 1,510,150 SH   DFND 3 1,510,150 0 0
Alexion Pharmaceuticals Inc. COM 015351109 197,317 1,034,428 SH   DFND 2 1,034,428 0 0
Alnylam Pharmaceuticals Inc. COM 02043Q107 106,613 1,132,499 SH   DFND 3 1,132,499 0 0
Celgene Corp. COM 151020104 432,250 3,609,298 SH   DFND 2 3,609,298 0 0
Cempra Inc. COM 15130J109 62,008 1,991,900 SH   DFND 3 1,991,900 0 0
Cidara Therapeutics, Inc. COM 171757107 8,008 466,679 SH   DFND 3 466,679 0 0
Clovis Oncology Inc. COM 189464100 18,487 528,188 SH   DFND 3 528,188 0 0
Esperion Therapeutics, Inc. COM 29664W105 20,224 908,542 SH   DFND 3 908,542 0 0
Gilead Sciences Inc. COM 375558103 280,761 2,774,596 SH   DFND 1 2,774,596 0 0
Halozyme Therapeutics Inc. COM 40637H109 121,827 7,029,832 SH   DFND 3 7,029,832 0 0
Incyte Corp. COM 45337C102 406,732 3,750,406 SH   DFND 3 3,750,406 0 0
Infinity Pharmaceuticals Inc. COM 45665G303 21,201 2,700,737 SH   DFND 3 2,700,737 0 0
Intercept Pharmaceuticals Inc. COM 45845P108 38,192 255,719 SH   DFND 3 255,719 0 0
Ionis Pharmaceuticals Inc. COM 462222100 404,393 6,529,838 SH   DFND 3 6,529,838 0 0
Juno Therapeutics, Inc. COM 48205A109 57,381 1,305,000 SH   DFND 3 1,305,000 0 0
Kite Pharma, Inc. COM 49803L109 46,215 750,000 SH   DFND 3 750,000 0 0
Medivation Inc. COM 58501N101 124,771 2,581,112 SH   DFND 3 2,581,112 0 0
Neurocrine Biosciences Inc. COM 64125C109 176,586 3,121,552 SH   DFND 3 3,121,552 0 0
Novavax Inc. COM 670002104 69,889 8,330,000 SH   DFND 3 8,330,000 0 0
Prothena Corp. PLC COM G72800108 21,795 320,000 SH   DFND 3 320,000 0 0
PTC Therapeutics Inc. COM 69366J200 42,214 1,302,912 SH   DFND 3 1,302,912 0 0
Puma Biotechnology Inc. COM 74587V107 33,868 431,991 SH   DFND 3 431,991 0 0
Radius Health Inc. COM 750469207 262,907 4,272,140 SH   DFND 4 4,272,140 0 0
Regeneron Pharmaceuticals Inc. COM 75886F107 111,288 205,000 SH   DFND 2 205,000 0 0
Sage Therapeutics, Inc. COM 78667J108 41,315 708,663 SH   DFND 3 708,663 0 0
Tesaro Inc. COM 881569107 64,332 1,229,582 SH   DFND 3 1,229,582 0 0
Tetraphase Pharmaceuticals Inc. COM 88165N105 3,673 366,203 SH   DFND 3 366,203 0 0
Vertex Pharmaceuticals Inc. COM 92532F100 171,814 1,365,445 SH   DFND 3 1,365,445 0 0