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
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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
Aegerion Pharmaceuticals, Inc. NOTE 00767EAB8 13,280 16,600,000 PRN   SOLE   0 0 0
Alimera Sciences, Inc COM 016259103 3,607 2,576,273 SH   SOLE   2,576,273 0 0
Alere Inc. COM 01449J105 10,926 275,000 SH   SOLE   275,000 0 0
Avadel Pharmaceuticals PLC SPONS ADR 05337M104 7,283 752,410 SH   SOLE   752,410 0 0
Aviragen Therapeutics, Inc. COM 053761102 205 314,421 SH   SOLE   314,421 0 0
Biodelivery Sciences INTL COM 09060J106 5,405 2,844,820 SH   SOLE   2,844,820 0 0
Cumberland Pharmaceuticals, Inc. COM 230770109 5,135 739,917 SH   SOLE   739,917 0 0
Cardiome Pharma Corp COM 14159U301 8,299 2,757,260 SH   SOLE   2,757,260 0 0
Durect Corporation COM 266605104 2,941 2,801,376 SH   SOLE   2,801,376 0 0
Emergent Biosolutions Inc COM 29089Q105 1,583 54,505 SH   SOLE   54,505 0 0
Enanta Pharmaceuticals COM 29251M106 5,701 185,099 SH   SOLE   185,099 0 0
Novelion Therapeutics, Inc. COM 67001K202 16,760 1,560,487 SH   SOLE   1,560,487 0 0
Ophthotech Corp COM 683745103 12,870 3,516,489 SH   SOLE   3,516,489 0 0
Recro Pharma, Inc. COM 75629F109 25,122 2,874,317 SH   SOLE   2,874,317 0 0
Sciclone Pharmaceuticals, Inc. COM 80862K104 16,300 1,663,281 SH   SOLE   1,663,281 0 0
Trinity Biotech PLC - SPON ADR SPONS ADR 896438306 2,097 351,917 SH   SOLE   351,917 0 0
Vericel Corp COM 92346J108 9,143 3,265,323 SH   SOLE   3,265,323 0 0
Veracyte, Inc. COM 92337F107 5,308 578,200 SH   SOLE   578,200 0 0
Viveve Medical, Inc COM 92852W204 24,256 3,849,711 SH   SOLE   3,849,711 0 0
VANDA PHARMACEUTICALS INC COM 921659108 606 43,300 SH   SOLE   43,300 0 0
XOMA CORP COM 98419J206 625 87,960 SH   SOLE   87,960 0 0