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
AEGERION PHARMACEUTICALS INC NOTE 2.000% 8/1 00767EAB8 664 1,000,000 PRN   SOLE   0 0 1,000,000
AKARI THERAPEUTICS PLC SPONSORED ADR 00972G108 247 17,023 SH   SOLE   17,023 0 0
ALIMERA SCIENCES INC COM 016259103 2,358 974,318 SH   SOLE   974,318 0 0
AMICUS THERAPEUTICS INC COM 03152W109 14,576 1,502,661 SH   SOLE   1,502,661 0 0
ASCENDIS PHARMA A S SPONSORED ADR 04351P101 9,513 519,243 SH   SOLE   519,243 0 0
ATARA BIOTHERAPEUTICS INC COM 046513107 2,509 95,000 SH   SOLE   95,000 0 0
BIOTELEMETRY INC COM 090672106 1,756 150,322 SH   SOLE   150,322 0 0
BUILD A BEAR WORKSHOP COM 120076104 2,045 167,109 SH   SOLE   167,109 0 0
CARDICA INC COM 14141R101 183 1,185,029 SH   SOLE   1,185,029 0 0
CARDIOME PHARMA CORP COM NO PAR 14159U301 669 82,552 SH   SOLE   82,552 0 0
CAS MED SYS INC COM PAR $0.004 124769209 4,517 2,551,803 SH   SOLE   2,551,803 0 0
CEDAR FAIR L P DEPOSITRY UNIT 150185106 1,202 21,529 SH   SOLE   21,529 0 0
CEMPRA INC COM 15130J109 7,783 250,000 SH   SOLE   250,000 0 0
CLOVIS ONCOLOGY INC COM 189464100 1,050 30,000 SH Put SOLE   30,000 0 0
COMBIMATRIX CORPORATION COM NEW 20009T303 520 711,470 SH   SOLE   711,470 0 0
CUTERA INC COM 232109108 1,456 113,807 SH   SOLE   113,807 0 0
CYNAPSUS THERAPEUTICS INC COM PAR NO PAR 23257Y859 5,759 376,647 SH   SOLE   376,647 0 0
EDGE THERAPEUTICS INC COM 279870109 1,985 158,807 SH   SOLE   158,807 0 0
ESSA PHARMA INC COM 29668H104 1,479 322,500 SH   SOLE   322,500 0 0
EVERYDAY HEALTH INC COM 300415106 2,157 358,347 SH   SOLE   358,347 0 0
EXELIXIS INC COM 30161Q104 6,812 1,207,726 SH   SOLE   1,207,726 0 0
FLEX PHARMA INC COM 33938A105 1,105 88,716 SH   SOLE   88,716 0 0
HEARTWARE INTL INC COM 422368100 1,743 34,587 SH   SOLE   34,587 0 0
IMMUNOMEDICS INC COM 452907108 12,170 3,964,033 SH   SOLE   3,964,033 0 0
INCYTE CORP COM 45337C102 4,780 44,078 SH   SOLE   44,078 0 0
INNOCOLL AG SPONSORED ADR 45780Q103 2,661 320,555 SH   SOLE   320,555 0 0
IRIDEX CORP COM 462684101 4,246 457,000 SH   SOLE   457,000 0 0
KINDRED BIOSCIENCES INC COM 494577109 170 50,000 SH   SOLE   50,000 0 0
LA JOLLA PHARMACEUTICAL CO COM PAR $.0001 2 503459604 2,239 82,920 SH   SOLE   82,920 0 0
LION BIOTECHNOLOGIES INC COM 53619R102 14,784 1,915,000 SH   SOLE   1,915,000 0 0
MIRATI THERAPEUTICS INC COM 60468T105 2,795 88,439 SH   SOLE   88,439 0 0
NABRIVA THERAPEUTICS AG SPONSORED ADR 62957M104 3,971 412,747 SH   SOLE   412,747 0 0
NEUROCRINE BIOSCIENCES INC COM 64125C109 3,168 56,000 SH   SOLE   56,000 0 0
NEURODERM LTD ORD SHS M74231107 8,138 477,300 SH   SOLE   477,300 0 0
OHR PHARMACEUTICAL INC COM NEW 67778H200 61 10,000 SH Put SOLE   10,000 0 0
ORTHOFIX INTL N V COM N6748L102 973 24,813 SH   SOLE   24,813 0 0
OXFORD IMMUNOTEC GLOBAL PLC ORD SHS G6855A103 2,186 190,100 SH   SOLE   190,100 0 0
PERNIX THERAPEUTICS HLDGS COM 71426V108 1,281 434,300 SH   SOLE   434,300 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 5,593 50,000 SH Put SOLE   50,000 0 0
QLT INC COM 746927102 801 301,160 SH   SOLE   301,160 0 0
RETROPHIN INC COM 761299106 7,137 370,000 SH   SOLE   370,000 0 0
RIGEL PHARMACEUTICALS INC COM NEW 766559603 1,382 456,061 SH   SOLE   456,061 0 0
RR MEDIA LTD SHS M8183P102 4,495 497,227 SH   SOLE   497,227 0 0
SAGE THERAPEUTICS INC COM 78667J108 984 16,877 SH   SOLE   16,877 0 0
SAGENT PHARMACEUTICALS INC COM 786692103 2,302 144,667 SH   SOLE   144,667 0 0
SAREPTA THERAPEUTICS INC COM 803607100 2,894 75,000 SH Call SOLE   0 0 0
SPDR SERIES TRUST S&P BIOTECH 78464A870 5,616 80,000 SH Put SOLE   80,000 0 0
STRONGBRIDGE BIOPHARMA PLC SHS USD G85347105 6,865 978,907 SH   SOLE   978,907 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 861 28,400 SH   SOLE   28,400 0 0
UNIVERSAL DISPLAY CORP COM 91347P105 15,646 287,397 SH   SOLE   287,397 0 0
UNIVERSAL DISPLAY CORP COM 91347P105 6,163 113,200 SH Call SOLE   0 0 0
VANDA PHARMACEUTICALS INC COM 921659108 260 27,952 SH   SOLE   27,952 0 0
VERACYTE INC COM 92337F107 12,355 1,716,000 SH   SOLE   1,716,000 0 0