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 9,979 1,279,340 SH   DFND 3 1,279,340 0 0
Agios Pharmaceuticals Inc. COM 00847X104 99,011 2,363,321 SH   DFND 3 2,363,321 0 0
Alder Biopharmaceuticals Inc. COM 014339105 42,078 1,685,150 SH   DFND 3 1,685,150 0 0
Alexion Pharmaceuticals Inc. COM 015351109 137,710 1,179,428 SH   DFND 2 1,179,428 0 0
Alnylam Pharmaceuticals Inc. COM 02043Q107 66,107 1,191,338 SH   DFND 3 1,191,338 0 0
Celgene Corp COM 151020104 355,985 3,609,298 SH   DFND 2 3,609,298 0 0
Cempra Inc. COM 15130J109 33,671 2,041,900 SH   DFND 3 2,041,900 0 0
Cidara Therapeutics Inc. COM 171757107 7,700 746,824 SH   DFND 3 746,824 0 0
Esperion Therapeutics Inc. COM 29664W105 9,964 1,008,542 SH   DFND 3 1,008,542 0 0
Gilead Sciences Inc. COM 375558103 231,457 2,774,596 SH   DFND 1 2,774,596 0 0
Halozyme Therapeutics Inc. COM 40637H109 63,688 7,379,832 SH   DFND 3 7,379,832 0 0
Incyte Corp. COM 45337C102 307,156 3,840,406 SH   DFND 3 3,840,406 0 0
Intercept Pharmaceuticals Inc. COM 45845P108 36,486 255,719 SH   DFND 3 255,719 0 0
Intra-Cellular Therapies Inc. COM 46116X101 27,174 700,000 SH   DFND 3 700,000 0 0
Ionis Pharmaceuticals Inc. COM 462222100 165,472 7,104,838 SH   DFND 3 7,104,838 0 0
Juno Therapeutics Inc. COM 48205A109 50,164 1,305,000 SH   DFND 3 1,305,000 0 0
Kite Pharma Inc. COM 49803L109 37,500 750,000 SH   DFND 3 750,000 0 0
MacroGenics Inc. COM 556099109 14,035 520,000 SH   DFND 3 520,000 0 0
Medivation Inc. COM 58501N101 120,064 1,991,112 SH   DFND 3 1,991,112 0 0
Neurocrine Biosciences Inc. COM 64125C109 141,875 3,121,552 SH   DFND 3 3,121,552 0 0
Novavax Inc. COM 670002104 60,559 8,330,000 SH   DFND 3 8,330,000 0 0
Prothena Corp. PLC COM G72800108 12,236 350,000 SH   DFND 3 350,000 0 0
PTC Therapeutics Inc. COM 69366J200 8,304 1,182,912 SH   DFND 3 1,182,912 0 0
Puma Biotechnology Inc. COM 74587V107 12,869 431,991 SH   DFND 3 431,991 0 0
Radius Health Inc. COM 750469207 160,245 4,360,399 SH   DFND 4 4,360,399 0 0
Regeneron Pharmaceuticals Inc. COM 75886F107 71,592 205,000 SH   DFND 2 205,000 0 0
Sage Therapeutics Inc. COM 78667J108 25,630 850,639 SH   DFND 3 850,639 0 0
Tesaro Inc. COM 881569107 97,043 1,154,582 SH   DFND 3 1,154,582 0 0
Tobira Therapeutics Inc. COM 88883P101 5,878 468,000 SH   DFND 4 468,000 0 0
Vertex Pharmaceuticals Inc. COM 92532F100 121,757 1,415,445 SH   DFND 3 1,415,445 0 0