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 5,386 1,279,340 SH   DFND 3 1,279,340 0 0
Agios Pharmaceuticals Inc. COM 00847X104 165,828 2,839,528 SH   DFND 3 2,839,528 0 0
Alder Biopharmaceuticals Inc. COM 014339105 35,051 1,685,150 SH   DFND 3 1,685,150 0 0
Alexion Pharmaceuticals Inc. COM 015351109 149,056 1,229,428 SH   DFND 2 1,229,428 0 0
Alnylam Pharmaceuticals Inc. COM 02043Q107 63,619 1,241,338 SH   DFND 3 1,241,338 0 0
AveXis, Inc. COM 05366U100 25,303 332,800 SH   DFND 3 332,800 0 0
Celgene Corp COM 151020104 415,509 3,339,298 SH   DFND 2 3,339,298 0 0
Cidara Therapeutics Inc. COM 171757107 8,142 1,043,824 SH   DFND 3 1,043,824 0 0
Esperion Therapeutics Inc. COM 29664W105 49,736 1,408,542 SH   DFND 3 1,408,542 0 0
Five Prime Therapeutics Inc. COM 33830X104 26,299 727,500 SH   DFND 3 727,500 0 0
Gilead Sciences Inc. COM 375558103 188,451 2,774,596 SH   DFND 1 2,774,596 0 0
Halozyme Therapeutics Inc. COM 40637H109 100,438 7,749,832 SH   DFND 3 7,749,832 0 0
Incyte Corp. COM 45337C102 466,485 3,489,822 SH   DFND 3 3,489,822 0 0
Intercept Pharmaceuticals Inc. COM 45845P108 28,922 255,719 SH   DFND 3 255,719 0 0
Intra-Cellular Therapies Inc. COM 46116X101 31,281 1,925,000 SH   DFND 3 1,925,000 0 0
Ionis Pharmaceuticals Inc. COM 462222100 299,944 7,461,295 SH   DFND 3 7,461,295 0 0
Juno Therapeutics Inc. COM 48205A109 48,485 2,185,000 SH   DFND 3 2,185,000 0 0
Kite Pharma Inc. COM 49803L109 58,083 740,000 SH   DFND 3 740,000 0 0
MacroGenics Inc. COM 556099109 42,036 2,260,000 SH   DFND 3 2,260,000 0 0
Myovant Sciences Ltd. COM G637AM102 38,775 3,302,835 SH   DFND 3 3,302,835 0 0
Neurocrine Biosciences Inc. COM 64125C109 138,627 3,201,552 SH   DFND 3 3,201,552 0 0
Novavax Inc. COM 670002104 10,662 8,330,000 SH   DFND 3 8,330,000 0 0
Prothena Corp. PLC COM G72800108 19,527 350,000 SH   DFND 3 350,000 0 0
PTC Therapeutics Inc. COM 69366J200 6,720 682,912 SH   DFND 3 682,912 0 0
Puma Biotechnology Inc. COM 74587V107 9,137 245,616 SH   DFND 3 245,616 0 0
Radius Health Inc. COM 750469207 175,486 4,540,399 SH   DFND 4 4,540,399 0 0
Regeneron Pharmaceuticals Inc. COM 75886F107 94,940 245,000 SH   DFND 2 245,000 0 0
Sage Therapeutics Inc. COM 78667J108 69,111 972,439 SH   DFND 3 972,439 0 0
Tesaro Inc. COM 881569107 126,878 824,582 SH   DFND 3 824,582 0 0
Vertex Pharmaceuticals Inc. COM 92532F100 159,153 1,455,445 SH   DFND 3 1,455,445 0 0