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
Aeglea BioTherapeutics COM 00773J103 26 6,000 SH   SOLE   6,000 0 0
Akari Therapeutics Plc COM 00972G108 1,115 158,352 SH   SOLE   158,352 0 0
Alcobra Ltd COM M2239P109 1,384 658,910 SH   SOLE   658,910 0 0
ARCA biopharma Inc COM 00211Y100 1,318 462,399 SH   SOLE   462,399 0 0
Ascendis Pharma A/S COM 04351P101 1,822 90,000 SH   SOLE   90,000 0 0
Adverum Biotechnologies COM 00773U108 3,198 1,102,735 SH   SOLE   1,102,735 0 0
Audentes Therapeutics COM 05070R104 274 15,000 SH   SOLE   15,000 0 0
Avadel Pharmaceuticals COM 338488109 5,195 500,000 SH   SOLE   500,000 0 0
Axovant Sciences Ltd COM G0750W104 2,287 184,110 SH   SOLE   184,110 0 0
BioCryst Pharmaceuticals Inc COM 09058V103 7,312 1,155,104 SH   SOLE   1,155,104 0 0
Coherus Biosciences Inc COM 19249H103 8,600 305,505 SH   SOLE   305,505 0 0
CoLucid Pharmaceuticals COM 19716T101 2,482 68,190 SH   SOLE   68,190 0 0
CytomX Therapeutics Inc COM 23284F105 706 64,200 SH   SOLE   64,200 0 0
DBV Technologies COM F2927N109 31,130 456,893 SH   SOLE   456,893 0 0
Edge Therapeutics Inc COM 279870109 1,688 135,000 SH   SOLE   135,000 0 0
Heron Therapeutics Inc COM 427746102 14,354 1,095,734 SH   SOLE   1,095,734 0 0
Lipocine Inc COM 53630X104 3,128 849,921 SH   SOLE   849,921 0 0
Ocera Therapeutics COM 67552A108 1,915 912,050 SH   SOLE   912,050 0 0
ProNAI Therapeutics Inc COM 74346L101 84 56,056 SH   SOLE   56,056 0 0
Ra Pharmaceuticals COM 74933V108 3,532 232,500 SH   SOLE   232,500 0 0
Stemline Therapeutics Inc COM 85858C107 1,449 135,420 SH   SOLE   135,420 0 0