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 508 1,000,000 PRN   SOLE   0 0 1,000,000
AKARI THERAPEUTICS PLC SPONSORED ADR 00972G108 236 18,250 SH   SOLE   18,250 0 0
AKEBIA THERAPEUTICS INC COM 00972D105 3,481 386,308 SH   SOLE   386,308 0 0
ALIMERA SCIENCES INC COM 016259103 1,705 974,318 SH   SOLE   974,318 0 0
AMICUS THERAPEUTICS INC COM 03152W109 21,125 2,500,000 SH   SOLE   2,500,000 0 0
ASCENDIS PHARMA A S SPONSORED ADR 04351P101 11,568 623,631 SH   SOLE   623,631 0 0
CARDICA INC COM NEW 14141R309 431 120,958 SH   SOLE   120,958 0 0
CAS MED SYS INC COM PAR $0.004 124769209 3,804 2,678,753 SH   SOLE   2,678,753 0 0
CELATOR PHARMACEUTICALS INC COM 15089R102 5,515 500,000 SH   SOLE   500,000 0 0
CEMPRA INC COM 15130J109 3,679 210,000 SH   SOLE   210,000 0 0
COMBIMATRIX CORPORATION COM PAR 20009T501 171 47,431 SH   SOLE   47,431 0 0
CYNAPSUS THERAPEUTICS INC COM PAR NO PAR 23257Y859 7,027 590,530 SH   SOLE   590,530 0 0
EDGE THERAPEUTICS INC COM 279870109 3,524 385,100 SH   SOLE   385,100 0 0
ENDOLOGIX INC NOTE 2.250% 12/1 29266SAA4 581 796,000 PRN   SOLE   0 0 796,000
ESSA PHARMA INC COM 29668H104 1,524 467,333 SH   SOLE   467,333 0 0
EVERYDAY HEALTH INC COM 300415106 4,617 824,500 SH   SOLE   824,500 0 0
EXELIXIS INC COM 30161Q104 1,284 320,897 SH   SOLE   320,897 0 0
IGI LABORATORIES INC NOTE 3.750% 12/1 449575AB5 3,190 4,000,000 PRN   SOLE   0 0 4,000,000
IMMUNOMEDICS INC COM 452907108 13,815 5,526,172 SH   SOLE   5,526,172 0 0
IMMUNOMEDICS INC NOTE 4.750% 2/1 452907AK4 2,108 3,000,000 PRN   SOLE   0 0 3,000,000
INNOCOLL HLDGS PLC SHS G4783X105 3,241 377,765 SH   SOLE   377,765 0 0
INVIVO THERAPEUTICS HLDGS CO COM 46186M209 140 20,000 SH Put SOLE   20,000 0 0
IRIDEX CORP COM 462684101 6,721 657,670 SH   SOLE   657,670 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 5,532 50,000 SH Put SOLE   50,000 0 0
LION BIOTECHNOLOGIES INC COM 53619R102 12,700 2,500,000 SH   SOLE   2,500,000 0 0
MANNKIND CORP COM 56400P201 242 150,000 SH Put SOLE   150,000 0 0
MIRATI THERAPEUTICS INC COM 60468T105 2,210 103,283 SH   SOLE   103,283 0 0
NABRIVA THERAPEUTICS AG SPONSORED ADR 62957M104 4,883 544,972 SH   SOLE   544,972 0 0
NEURODERM LTD ORD SHS M74231107 11,674 826,799 SH   SOLE   826,799 0 0
OXFORD IMMUNOTEC GLOBAL PLC ORD SHS G6855A103 3,053 308,044 SH   SOLE   308,044 0 0
PACIFIC BIOSCIENCES CALIF INC COM 69404D108 1,406 165,368 SH   SOLE   165,368 0 0
PROGENICS PHARMACEUTICALS INC COM 743187106 1,015 232,800 SH   SOLE   232,800 0 0
RETROPHIN INC COM 761299106 2,732 200,000 SH   SOLE   200,000 0 0
RIGEL PHARMACEUTICALS INC COM NEW 766559603 1,616 776,842 SH   SOLE   776,842 0 0
RR MEDIA LTD SHS M8183P102 7,945 608,318 SH   SOLE   608,318 0 0
SECOND SIGHT MED PRODS INC COM 81362J100 242 50,000 SH Put SOLE   50,000 0 0
STRONGBRIDGE BIOPHARMA PLC SHS USD G85347105 4,506 1,063,747 SH   SOLE   1,063,747 0 0
TELIGENT INC NEW COM 87960W104 507 103,411 SH   SOLE   103,411 0 0
UNIVERSAL DISPLAY CORP COM 91347P105 3,787 70,000 SH   SOLE   70,000 0 0
VERACYTE INC COM 92337F107 14,778 2,736,642 SH   SOLE   2,736,642 0 0