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
Expires: July 31, 2015
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
ABEONA THERAPEUTICS INC COM NEW 00289Y206 255,600 45,000 SH SOLE 45,000 0 0
ACADIA PHARMACEUTICALS INC COM 004225108 4,853,250 225,000 SH SOLE 225,000 0 0
ACHIEVE LIFE SCIENCES INC COM 004468500 753,333 333,333 SH SOLE 333,333 0 0
ACLARIS THERAPEUTICS INC COM 00461U105 697,646 491,300 SH SOLE 491,300 0 0
ADMA BIOLOGICS INC COM 000899104 13,657,500 750,000 SH SOLE 750,000 0 0
ALUMIS INC COM 022307102 1,048,845 349,615 SH SOLE 349,615 0 0
AN2 THERAPEUTICS INC COM 037326105 577,164 544,494 SH SOLE 544,494 0 0
ANGIODYNAMICS INC COM 03475V101 765,239 77,141 SH SOLE 77,141 0 0
ANI PHARMACEUTICALS INC COM 00182C103 2,518,454 38,597 SH SOLE 38,597 0 0
ANIKA THERAPEUTICS INC COM 035255108 2,016,442 190,590 SH SOLE 190,590 0 0
ARDELYX INC COM 039697107 2,175,600 555,000 SH SOLE 555,000 0 0
AYTU BIOPHARMA INC COM 054754858 1,771,634 812,676 SH SOLE 812,676 0 0
BIOAGE LABS INC COM 09077V100 623,981 151,085 SH SOLE 151,085 0 0
BOUNDLESS BIO INC COM 10170A100 107,237 106,175 SH SOLE 106,175 0 0
CALCIMEDICA INC COM NEW 38942Q202 136,000 85,000 SH SOLE 85,000 0 0
CLIMB BIO INC COM 28658R106 144,022 116,147 SH SOLE 116,147 0 0
COHERUS BIOSCIENCES INC COM 19249H103 45,853 62,700 SH SOLE 62,700 0 0
COLLEGIUM PHARMACEUTICAL INC COM 19459J104 1,227,155 41,500 SH SOLE 41,500 0 0
DAY ONE BIOPHARMACEUTICALS I COM 23954D109 2,925,000 450,000 SH SOLE 450,000 0 0
DYNAVAX TECHNOLOGIES CORP COM NEW 268158201 297,600 30,000 SH SOLE 30,000 0 0
ENANTA PHARMACEUTICALS INC COM 29251M106 4,566,739 604,066 SH SOLE 604,066 0 0
EVOLUS INC COM 30052C107 8,440,965 916,500 SH SOLE 916,500 0 0
ESTABLISHMENT LABS HLDGS INC COM G31249108 298,970 7,000 SH SOLE 7,000 0 0
GERON CORP COM 374163103 1,410,000 1,000,000 SH SOLE 1,000,000 0 0
GRACE THERAPEUTICS INC COM 00439U104 868,725 292,500 SH SOLE 292,500 0 0
HEALTH CATALYST INC COM 42225T107 377,000 100,000 SH SOLE 100,000 0 0
HERON THERAPEUTICS INC COM 427746102 1,360,777 657,380 SH SOLE 657,380 0 0
HILLEVAX INC COM 43157M102 449,758 226,009 SH SOLE 226,009 0 0
IN8BIO INC COM NEW 45674E208 172,279 82,430 SH SOLE 82,430 0 0
INDIVIOR PLC ORD G4766E116 5,159,000 350,000 SH SOLE 350,000 0 0
INHIBIKASE THERAPEUTICS INC COM NEW 45719W205 1,430,896 733,793 SH SOLE 733,793 0 0
ITEOS THERAPEUTICS INC COM 46565G104 3,091,029 310,033 SH SOLE 310,033 0 0
KALVISTA PHARMACEUTICALS INC COM 483497103 1,130,500 100,000 SH SOLE 100,000 0 0
KEZAR LIFE SCIENCES INC COM NEW 49372L209 777,954 169,859 SH SOLE 169,859 0 0
KIORA PHARMACEUTICALS INC COM 49721T507 512,640 178,000 SH SOLE 178,000 0 0
KURA ONCOLOGY INC COM 50127T109 144,250 25,000 SH SOLE 25,000 0 0
LIQUIDIA CORPORATION COM NEW 53635D202 623,000 50,000 SH SOLE 50,000 0 0
MONTE ROSA THERAPEUTICS INC COM 61225M102 135,300 30,000 SH SOLE 30,000 0 0
MYOMO INC COM NEW 62857J201 988,025 457,419 SH SOLE 457,419 0 0
NEKTAR THERAPEUTICS COM NEW 640268306 1,297,168 50,200 SH SOLE 50,200 0 0
NUVATION BIO INC COM CL A 67080N101 166,335 85,300 SH SOLE 85,300 0 0
PMV PHARMACEUTICALS INC COM 69353Y103 896,726 845,968 SH SOLE 845,968 0 0
PULMONX CORP COM 745848101 377,881 145,900 SH SOLE 145,900 0 0
REZOLUTE INC COM NEW 76200L309 976,740 219,000 SH SOLE 219,000 0 0
SAVARA INC COM 805111101 193,800 85,000 SH SOLE 85,000 0 0
SPERO THERAPEUTICS INC COM 84833T103 454,975 156,888 SH SOLE 156,888 0 0
SURROZEN INC COM NEW 86889P208 2,735,899 306,029 SH SOLE 306,029 0 0
SYNDAX PHARMACEUTICALS INC COM 87164F105 870,009 92,900 SH SOLE 92,900 0 0
TELA BIO INC COM 872381108 4,042,498 2,083,762 SH SOLE 2,083,762 0 0
THERATECHNOLOGIES INC COM NEW 88338H704 446,160 189,051 SH SOLE 189,051 0 0
VANDA PHARMACEUTICALS INC COM 921659108 1,180,000 250,000 SH SOLE 250,000 0 0
VERASTEM INC COM NEW 92337C203 5,645,602 1,360,386 SH SOLE 1,360,386 0 0
VERASTEM INC COM NEW 92337C203 415,000 100,000 SH Call SOLE 100,000 0 0
VIR BIOTECHNOLOGY INC COM 92764N102 655,200 130,000 SH SOLE 130,000 0 0
XERIS BIOPHARMA HOLDINGS INC COM 98422E103 957,817 205,100 SH SOLE 205,100 0 0
XOMA ROYALTY CORPORATION COM NEW 98419J206 3,834,004 152,143 SH SOLE 152,143 0 0
Y-MABS THERAPEUTICS INC COM 984241109 1,286,703 285,300 SH SOLE 285,300 0 0
ZENTALIS PHARMACEUTICALS LLC COM 98943L107 126,452 109,010 SH SOLE 109,010 0 0
ZEVRA THERAPEUTICS INC COM NEW 488445206 6,833,212 775,620 SH SOLE 775,620 0 0