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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
INVENTIVA SA - ADR ADS 46124U107 4,650,000 1,000,000 SH DFND 1 662,338 337,662 0
AARDVARK THERAPEUTICS INC COM 002942100 609,105 46,408 SH DFND 1 43,600 2,808 0
ABEONA THERAPEUTICS INC COM NEW 00289Y206 4,378,211 830,780 SH DFND 1 330,438 500,342 0
ACHIEVE LIFE SCIENCES INC COM 004468500 18,818,532 3,786,425 SH DFND 1 2,601,913 1,184,512 0
CELLDEX THERAPEUTICS INC COM NEW 15117B202 4,190,788 154,300 SH DFND 1 69,300 85,000 0
COMPASS PATHWAYS PLC SPONSORED ADS 20451W101 5,946,268 861,778 SH DFND 1 571,778 290,000 0
DELCATH SYSTEMS INC COM NEW 24661P807 4,428,941 438,509 SH DFND 1 177,383 261,126 0
LENZ THERAPEUTICS INC COM 52635N103 945,360 59,085 SH DFND 1 41,604 17,481 0
MILESTONE PHARMACEUTICALS COM 59935V107 8,319,008 4,118,321 SH DFND 1 2,611,916 1,506,405 0
OCULIS HOLDING AG ORDINARY SHARES H5870P102 3,451,595 172,839 SH DFND 1 74,074 98,765 0
PHATHOM PHARMACEUTICALS INC COM 71722W107 12,291,830 740,918 SH DFND 1 418,983 321,935 0
REGENXBIO INC COM 75901B107 1,683,302 116,896 SH DFND 1 78,896 38,000 0
SAB BIOTHERAPEUTICS INC COM NEW 78397T202 2,441,775 652,881 SH DFND 1 444,654 208,227 0
VIRIDIAN THERAPEUTICS INC COM 92790C104 8,792,365 282,531 SH DFND 1 179,000 103,531 0
ATHIRA PHARMA INC COM 04746L203 1,130,042 149,279 SH DFND 1 0 149,279 0
KALARIS THERAPEUTICS INC COM 482929106 354,927 42,053 SH DFND 1 21,979 20,074 0
ZEVRA THERAPEUTICS INC COM NEW 488445206 570,600 63,683 SH DFND 1 25,862 37,821 0
KYVERNA THERAPEUTICS INC COM 501976104 6,266,660 666,666 SH DFND 1 474,327 192,339 0
NEKTAR THERAPEUTICS COM NEW 640268306 3,501,714 82,822 SH DFND 1 54,822 28,000 0
PLAINS GP HLDGS L P LTD PARTNR INT A 72651A207 24,352,970 1,272,360 SH DFND 1 0 1,272,360 0