TANG CAPITAL MANAGEMENT LLC Diversified Active

CIK: 0001232621 · Show all filings

Period: Q3 2014 (← Previous) (Next →)

Filing Date: Nov 14, 2014

Total Value ($000): $193,002 (66.5% shares, 33.5% debt)

Holdings (12)

— SALIX PHARMACEUTICALS INC 24.3%

Value ($000) $46,872 Shares 300,000 Est. Cost $66.15 Unrealized —

HRTX HERON THERAPEUTICS INC 21.2%

Value ($000) $40,980 Shares 4,919,625 Est. Cost $12.54 Unrealized -25.7%

— PDL BIOPHARMA INC 19.4%

Value ($000) $37,456 Shares 25,974,000 Est. Cost $1.41 Unrealized —

— OPKO HEALTH INC 9.7%

Value ($000) $18,760 Shares 14,000,000 Est. Cost $1.04 Unrealized —

— LA JOLLA PHARMACEUTICAL CO 9.5%

Value ($000) $18,369 Shares 1,911,462 Est. Cost $9.42 Unrealized —

BMRN BIOMARIN PHARMACEUTICAL INC 6.8%

Value ($000) $13,155 Shares 182,300 Est. Cost $62.32 Unrealized +5.5%

— MERRIMACK PHARMACEUTICALS INC 4.4%

Value ($000) $8,496 Shares 5,500,000 Est. Cost $1.36 Unrealized —

— MIRATI THERAPEUTICS INC 2.6%

Value ($000) $5,050 Shares 288,432 Est. Cost $15.15 Unrealized —

— HORIZON PHARMA PLC 1.9%

Value ($000) $3,684 Shares 300,000 Est. Cost $12.28 Unrealized —

— RXI PHARMACEUTICALS CORP 0.1%

Value ($000) $100 Shares 50,219 Est. Cost $1.99 Unrealized —

— DENDREON CORP 0.0%

Value ($000) $80 Shares 55,548 Est. Cost $4.12 Unrealized —

— AMBIT BIOSCIENCES CORP 0.0%

Value ($000) $0 Shares 46 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SALIX PHARMACEUTICALS INC	300,000	$46,872	24.3%	$66.15	—	COM	795435106
HRTX	HERON THERAPEUTICS INC	4,919,625	$40,980	21.2%	$12.54	-25.7%	COM	427746102
—	PDL BIOPHARMA INC	25,974,000	$37,456	19.4%	$1.41	—	NOTE 2.875% 2/15/15	69329YAE4
—	OPKO HEALTH INC	14,000,000	$18,760	9.7%	$1.04	—	NOTE 3.0% 2/1/33	68375NAA1
—	LA JOLLA PHARMACEUTICAL CO	1,911,462	$18,369	9.5%	$9.42	—	COM	503459604
BMRN	BIOMARIN PHARMACEUTICAL INC	182,300	$13,155	6.8%	$62.32	+5.5%	COM	09061G101
—	MERRIMACK PHARMACEUTICALS INC	5,500,000	$8,496	4.4%	$1.36	—	NOTE 4.5% 7/15/20	590328AA8
—	MIRATI THERAPEUTICS INC	288,432	$5,050	2.6%	$15.15	—	COM	60468T105
—	HORIZON PHARMA PLC	300,000	$3,684	1.9%	$12.28	—	SHS	G4617B105
—	RXI PHARMACEUTICALS CORP	50,219	$100	0.1%	$1.99	—	COM	74979C303
—	DENDREON CORP	55,548	$80	0.0%	$4.12	—	COM	24823Q107
—	AMBIT BIOSCIENCES CORP	46	$0	0.0%	—	—	COM	02318X100