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
Akari Therapeutics Plc COM 00972G108 2,296 158,352 SH   SOLE   158,352 0 0
Alcobra Ltd COM M2239P109 3,043 484,500 SH   SOLE   484,500 0 0
Anacor Pharmaceuticals Inc COM 032420101 15,901 140,756 SH   SOLE   140,756 0 0
ARCA biopharma Inc COM 00211Y100 2,150 462,399 SH   SOLE   462,399 0 0
Ascendis Pharma A/S COM 04351P101 1,649 90,000 SH   SOLE   90,000 0 0
Avalanche Biotechnologies Inc COM 05337G107 10,498 1,102,735 SH   SOLE   1,102,735 0 0
Coherus Biosciences Inc COM 19249H103 14,029 611,010 SH   SOLE   611,010 0 0
Cynapsus Therapeutics Inc COM 23257Y701 1,703 110,226 SH   SOLE   110,226 0 0
CytomX Therapeutics Inc COM 23284F105 1,565 75,000 SH   SOLE   75,000 0 0
DBV Technologies COM F2927N109 32,506 463,643 SH   SOLE   463,643 0 0
Edge Therapeutics Inc COM 279870109 1,688 135,000 SH   SOLE   135,000 0 0
Flamel Technologies S.A. COM 338488109 6,105 500,000 SH   SOLE   500,000 0 0
Global Blood Therapeutics COM 37890U108 1,962 60,691 SH   SOLE   60,691 0 0
GW Pharmaceuticals COM 36197T103 21,655 311,853 SH   SOLE   311,853 0 0
Heron Therapeutics Inc COM 427746102 29,256 1,095,734 SH   SOLE   1,095,734 0 0
Lipocine Inc COM 53630X104 10,989 849,921 SH   SOLE   849,921 0 0
Ocera Therapeutics COM 67552A108 2,196 703,730 SH   SOLE   703,730 0 0
ProNAI Therapeutics Inc COM 74346L101 1,128 75,000 SH   SOLE   75,000 0 0
REGENXBIO Inc COM 75901B107 872 52,500 SH   SOLE   52,500 0 0
Stemline Therapeutics Inc COM 85858C107 855 135,420 SH   SOLE   135,420 0 0
Zafgen Inc COM 98885E103 3,406 541,480 SH   SOLE   541,480 0 0