TANG CAPITAL MANAGEMENT LLC Diversified Active

Location: San Diego, CA

CIK: 0001232621 · Show all filings

Period: Q2 2014 (← Previous) (Next →)

Filing Date: Aug 14, 2014

Total Value: $216M (65.7% shares, 34.3% debt)

Holdings (12)

HRTX HERON THERAPEUTICS INC 28.1%

Value $60.61M Shares 4,919,625 Share Price $12.32 * Est. Cost/Share $12.54 Unrealized @ Report Date -4.7%

— PDL BIOPHARMA INC 22.2%

Value $47.87M Shares 25,974,000 Share Price $1.84 Est. Cost/Share $1.41 Unrealized @ Report Date —

— SALIX PHARMACEUTICALS INC 17.1%

Value $37.01M Shares 300,000 Share Price $123.35 Est. Cost/Share $66.15 Unrealized @ Report Date —

— OPKO HEALTH INC 8.7%

Value $18.74M Shares 14,000,000 Share Price $1.34 Est. Cost/Share $1.04 Unrealized @ Report Date —

— HORIZON PHARMA INC 7.3%

Value $15.82M Shares 1,000,000 Share Price $15.82 Est. Cost/Share $15.12 Unrealized @ Report Date —

BMRN BIOMARIN PHARMACEUTICAL INC 5.3%

Value $11.34M Shares 182,300 Share Price $62.21 * Est. Cost/Share $62.32 Unrealized @ Report Date -3.1%

— LA JOLLA PHARMACEUTICAL CO 3.7%

Value $8.096M Shares 881,907 Share Price $9.18 Est. Cost/Share $9.20 Unrealized @ Report Date —

— MERRIMACK PHARMACEUTICALS INC 3.5%

Value $7.49M Shares 5,500,000 Share Price $1.36 Est. Cost/Share $1.36 Unrealized @ Report Date —

— MIRATI THERAPEUTICS INC 2.7%

Value $5.769M Shares 288,432 Share Price $20.00 Est. Cost/Share $15.15 Unrealized @ Report Date —

— ENDOCYTE INC 1.4%

Value $3.069M Shares 465,763 Share Price $6.59 Est. Cost/Share $13.13 Unrealized @ Report Date —

— DENDREON CORP 0.1%

Value $128K Shares 55,548 Share Price $2.30 Est. Cost/Share $4.12 Unrealized @ Report Date —

— AMBIT BIOSCIENCES CORP 0.0%

Value $0 Shares 46 Share Price $0.00 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
HRTX	HERON THERAPEUTICS INC	4,919,625	$60.61M	28.1%	$12.32 *	$12.54	-4.7%	COM	427746102
—	PDL BIOPHARMA INC	25,974,000	$47.87M	22.2%	$1.84	$1.41	—	NOTE 2.875% 2/15/15	69329YAE4
—	SALIX PHARMACEUTICALS INC	300,000	$37.01M	17.1%	$123.35	$66.15	—	COM	795435106
—	OPKO HEALTH INC	14,000,000	$18.74M	8.7%	$1.34	$1.04	—	NOTE 3.0% 2/1/33	68375NAA1
—	HORIZON PHARMA INC	1,000,000	$15.82M	7.3%	$15.82	$15.12	—	COM	44047T109
BMRN	BIOMARIN PHARMACEUTICAL INC	182,300	$11.34M	5.3%	$62.21 *	$62.32	-3.1%	COM	09061G101
—	LA JOLLA PHARMACEUTICAL CO	881,907	$8.096M	3.7%	$9.18	$9.20	—	COM	503459604
—	MERRIMACK PHARMACEUTICALS INC	5,500,000	$7.49M	3.5%	$1.36	$1.36	—	NOTE 4.5% 7/15/20	590328AA8
—	MIRATI THERAPEUTICS INC	288,432	$5.769M	2.7%	$20.00	$15.15	—	COM	60468T105
—	ENDOCYTE INC	465,763	$3.069M	1.4%	$6.59	$13.13	—	COM	29269A102
—	DENDREON CORP	55,548	$128K	0.1%	$2.30	$4.12	—	COM	24823Q107
—	AMBIT BIOSCIENCES CORP	46	$0	0.0%	$0.00	—	—	COM	02318X100