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 5,744 1,279,340 SH   DFND 3 1,279,340 0 0
Agios Pharmaceuticals Inc. COM 00847X104 183,562 2,749,998 SH   DFND 3 2,749,998 0 0
Alder Biopharmaceuticals Inc. COM 014339105 27,759 2,266,008 SH   DFND 3 2,266,008 0 0
Alexion Pharmaceuticals Inc. COM 015351109 190,013 1,354,428 SH   DFND 2 1,354,428 0 0
Alnylam Pharmaceuticals Inc. COM 02043Q107 130,571 1,111,338 SH   DFND 3 1,111,338 0 0
AveXis, Inc. COM 05366U100 38,963 402,800 SH   DFND 3 402,800 0 0
Celgene Corp COM 151020104 464,334 3,184,298 SH   DFND 2 3,184,298 0 0
Cidara Therapeutics Inc. COM 171757107 10,816 1,335,272 SH   DFND 3 1,335,272 0 0
Esperion Therapeutics Inc. COM 29664W105 105,150 2,097,964 SH   DFND 3 2,097,964 0 0
Five Prime Therapeutics Inc. COM 33830X104 31,808 777,500 SH   DFND 3 777,500 0 0
Gilead Sciences Inc. COM 375558103 224,798 2,774,596 SH   DFND 1 2,774,596 0 0
Halozyme Therapeutics Inc. COM 40637H109 149,835 8,626,051 SH   DFND 3 8,626,051 0 0
Incyte Corp. COM 45337C102 428,240 3,668,322 SH   DFND 3 3,668,322 0 0
Intercept Pharmaceuticals Inc. COM 45845P108 28,191 485,719 SH   DFND 3 485,719 0 0
Intra-Cellular Therapies Inc. COM 46116X101 34,716 2,200,000 SH   DFND 3 2,200,000 0 0
Ionis Pharmaceuticals Inc. COM 462222100 398,600 7,861,934 SH   DFND 3 7,861,934 0 0
Juno Therapeutics Inc. COM 48205A109 92,187 2,055,000 SH   DFND 3 2,055,000 0 0
MacroGenics Inc. COM 556099109 44,360 2,400,412 SH   DFND 3 2,400,412 0 0
Myovant Sciences Ltd. COM G637AM102 53,803 3,477,882 SH   DFND 3 3,477,882 0 0
Neurocrine Biosciences Inc. COM 64125C109 212,198 3,462,753 SH   DFND 3 3,462,753 0 0
Novavax Inc. COM 670002104 9,496 8,330,000 SH   DFND 3 8,330,000 0 0
Prothena Corp. PLC COM G72800108 22,670 350,000 SH   DFND 3 350,000 0 0
Radius Health Inc. COM 750469207 211,979 5,498,799 SH   DFND 4 5,498,799 0 0
Regeneron Pharmaceuticals Inc. COM 75886F107 91,660 205,000 SH   DFND 2 205,000 0 0
Sage Therapeutics Inc. COM 78667J108 68,059 1,092,439 SH   DFND 3 1,092,439 0 0
Tesaro Inc. COM 881569107 128,609 996,193 SH   DFND 3 996,193 0 0
Vertex Pharmaceuticals Inc. COM 92532F100 224,327 1,475,445 SH   DFND 3 1,475,445 0 0