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

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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGIOS PHARMACEUTICALS INC COM 00847X104   14,172,950 484,711 SH   SOLE   484,711 0 0
ALIMERA SCIENCES INC COM NEW 016259202   65,657,101 16,835,154 SH   SOLE   16,835,154 0 0
ANIKA THERAPEUTICS INC COM 035255108   36,474,222 1,435,993 SH   SOLE   1,435,993 0 0
BIOCRYST PHARMACEUTICALS INC COM 09058V103   3,853,190 758,502 SH   SOLE   758,502 0 0
ENANTA PHARMACEUTICALS INC COM 29251M106   14,981,902 858,070 SH   SOLE   858,070 0 0
EVOLUS INC COM 30052C107   26,444,334 1,888,881 SH   SOLE   1,888,881 0 0
EXELIXIS INC COM 30161Q104   26,120,323 1,100,730 SH   SOLE   1,100,730 0 0
I MAB SPONSORED ADS 44975P103   1,407,161 756,538 SH   SOLE   756,538 0 0
LIQUIDIA CORPORATION COM NEW 53635D202   152,823,939 10,360,945 SH   SOLE   10,360,945 0 0
OUTLOOK THERAPEUTICS INC COM 69012T305   5,970,000 500,000 SH   SOLE   500,000 0 0
VERONA PHARMA PLC SPONSORED ADS 925050106   20,859,832 1,296,447 SH   SOLE   1,296,447 0 0
Y-MABS THERAPEUTICS INC COM 984241109   9,549,108 587,276 SH   SOLE   587,276 0 0