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
Achillion Pharmaceuticals Inc. COM 00448Q201 9,877 1,279,340 SH   DFND 3 1,279,340 0 0
Agios Pharmaceuticals Inc. COM 00847X104 87,693 2,159,921 SH   DFND 3 2,159,921 0 0
Alder Biopharmaceuticals Inc. COM 014339105 36,984 1,510,150 SH   DFND 3 1,510,150 0 0
Alexion Pharmaceuticals Inc. COM 015351109 144,013 1,034,428 SH   DFND 2 1,034,428 0 0
Alnylam Pharmaceuticals Inc. COM 02043Q107 74,780 1,191,338 SH   DFND 3 1,191,338 0 0
Celgene Corp. COM 151020104 361,255 3,609,298 SH   DFND 2 3,609,298 0 0
Cempra Inc. COM 15130J109 35,774 2,041,900 SH   DFND 3 2,041,900 0 0
Cidara Therapeutics, Inc. COM 171757107 9,485 746,824 SH   DFND 3 746,824 0 0
Clovis Oncology Inc. COM 189464100 10,141 528,188 SH   DFND 3 528,188 0 0
Esperion Therapeutics, Inc. COM 29664W105 17,054 1,008,542 SH   DFND 3 1,008,542 0 0
Gilead Sciences Inc. COM 375558103 254,874 2,774,596 SH   DFND 1 2,774,596 0 0
Halozyme Therapeutics Inc. COM 40637H109 69,887 7,379,832 SH   DFND 3 7,379,832 0 0
Incyte Corp. COM 45337C102 278,314 3,840,406 SH   DFND 3 3,840,406 0 0
Infinity Pharmaceuticals Inc. COM 45665G303 14,233 2,700,737 SH   DFND 3 2,700,737 0 0
Intercept Pharmaceuticals Inc. COM 45845P108 32,852 255,719 SH   DFND 3 255,719 0 0
Ionis Pharmaceuticals Inc. COM 462222100 274,583 6,779,838 SH   DFND 3 6,779,838 0 0
Juno Therapeutics, Inc. COM 48205A109 49,707 1,305,000 SH   DFND 3 1,305,000 0 0
Kite Pharma, Inc. COM 49803L109 34,433 750,000 SH   DFND 3 750,000 0 0
Medivation Inc. COM 58501N101 118,680 2,581,112 SH   DFND 3 2,581,112 0 0
Neurocrine Biosciences Inc. COM 64125C109 123,457 3,121,552 SH   DFND 3 3,121,552 0 0
Novavax Inc. COM 670002104 42,983 8,330,000 SH   DFND 3 8,330,000 0 0
Prothena Corp. PLC COM G72800108 14,406 350,000 SH   DFND 3 350,000 0 0
PTC Therapeutics Inc. COM 69366J200 7,618 1,182,912 SH   DFND 3 1,182,912 0 0
Puma Biotechnology Inc. COM 74587V107 12,688 431,991 SH   DFND 3 431,991 0 0
Radius Health Inc. COM 750469207 137,091 4,360,399 SH   DFND 4 4,360,399 0 0
Regeneron Pharmaceuticals Inc. COM 75886F107 73,890 205,000 SH   DFND 2 205,000 0 0
Sage Therapeutics, Inc. COM 78667J108 26,727 833,663 SH   DFND 3 833,663 0 0
Tesaro Inc. COM 881569107 54,138 1,229,582 SH   DFND 3 1,229,582 0 0
Vertex Pharmaceuticals Inc. COM 92532F100 108,539 1,365,445 SH   DFND 3 1,365,445 0 0