TANG CAPITAL MANAGEMENT LLC Diversified Active

Location: San Diego, CA

CIK: 0001232621 · Show all filings

Period: Q3 2014 (← Previous) (Next →)

Filing Date: Nov 14, 2014

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

Holdings (12)

— SALIX PHARMACEUTICALS INC 24.3%

Value $46.87M Shares 300,000 Share Price $156.24 Est. Cost/Share $66.15 Unrealized @ Report Date —

HRTX HERON THERAPEUTICS INC 21.2%

Value $40.98M Shares 4,919,625 Share Price $8.33 * Est. Cost/Share $12.54 Unrealized @ Report Date -25.7%

— PDL BIOPHARMA INC 19.4%

Value $37.46M Shares 25,974,000 Share Price $1.44 Est. Cost/Share $1.41 Unrealized @ Report Date —

— OPKO HEALTH INC 9.7%

Value $18.76M Shares 14,000,000 Share Price $1.34 Est. Cost/Share $1.04 Unrealized @ Report Date —

— LA JOLLA PHARMACEUTICAL CO 9.5%

Value $18.37M Shares 1,911,462 Share Price $9.61 Est. Cost/Share $9.42 Unrealized @ Report Date —

BMRN BIOMARIN PHARMACEUTICAL INC 6.8%

Value $13.15M Shares 182,300 Share Price $72.16 * Est. Cost/Share $62.32 Unrealized @ Report Date +5.5%

— MERRIMACK PHARMACEUTICALS INC 4.4%

Value $8.496M Shares 5,500,000 Share Price $1.54 Est. Cost/Share $1.36 Unrealized @ Report Date —

— MIRATI THERAPEUTICS INC 2.6%

Value $5.05M Shares 288,432 Share Price $17.51 Est. Cost/Share $15.15 Unrealized @ Report Date —

— HORIZON PHARMA PLC 1.9%

Value $3.684M Shares 300,000 Share Price $12.28 Est. Cost/Share $12.28 Unrealized @ Report Date —

— RXI PHARMACEUTICALS CORP 0.1%

Value $100K Shares 50,219 Share Price $1.99 Est. Cost/Share $1.99 Unrealized @ Report Date —

— DENDREON CORP 0.0%

Value $80,000 Shares 55,548 Share Price $1.44 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
—	SALIX PHARMACEUTICALS INC	300,000	$46.87M	24.3%	$156.24	$66.15	—	COM	795435106
HRTX	HERON THERAPEUTICS INC	4,919,625	$40.98M	21.2%	$8.33 *	$12.54	-25.7%	COM	427746102
—	PDL BIOPHARMA INC	25,974,000	$37.46M	19.4%	$1.44	$1.41	—	NOTE 2.875% 2/15/15	69329YAE4
—	OPKO HEALTH INC	14,000,000	$18.76M	9.7%	$1.34	$1.04	—	NOTE 3.0% 2/1/33	68375NAA1
—	LA JOLLA PHARMACEUTICAL CO	1,911,462	$18.37M	9.5%	$9.61	$9.42	—	COM	503459604
BMRN	BIOMARIN PHARMACEUTICAL INC	182,300	$13.15M	6.8%	$72.16 *	$62.32	+5.5%	COM	09061G101
—	MERRIMACK PHARMACEUTICALS INC	5,500,000	$8.496M	4.4%	$1.54	$1.36	—	NOTE 4.5% 7/15/20	590328AA8
—	MIRATI THERAPEUTICS INC	288,432	$5.05M	2.6%	$17.51	$15.15	—	COM	60468T105
—	HORIZON PHARMA PLC	300,000	$3.684M	1.9%	$12.28	$12.28	—	SHS	G4617B105
—	RXI PHARMACEUTICALS CORP	50,219	$100K	0.1%	$1.99	$1.99	—	COM	74979C303
—	DENDREON CORP	55,548	$80,000	0.0%	$1.44	$4.12	—	COM	24823Q107
—	AMBIT BIOSCIENCES CORP	46	$0	0.0%	$0.00	—	—	COM	02318X100