TANG CAPITAL MANAGEMENT LLC Diversified Active

Location: San Diego, CA

CIK: 0001232621 · Show all filings

Period: Q1 2016 (← Previous) (Next →)

Filing Date: May 16, 2016

Total Value: $220M (87.7% shares, 12.3% debt)

Holdings (15)

HRTX HERON THERAPEUTICS INC 44.9%

Value $98.57M Shares 5,190,837 Share Price $18.99 * Est. Cost/Share $12.86 Unrealized @ Report Date +53.4%

— LA JOLLA PHARMACEUTICAL CO 29.1%

Value $63.82M Shares 3,052,130 Share Price $20.91 Est. Cost/Share $14.80 Unrealized @ Report Date —

— OPKO HEALTH INC 9.9%

Value $21.83M Shares 14,000,000 Share Price $1.56 Est. Cost/Share $1.47 Unrealized @ Report Date —

BMRN BIOMARIN PHARMACEUTICAL INC 3.4%

Value $7.441M Shares 90,215 Share Price $82.48 Est. Cost/Share $62.32 Unrealized @ Report Date +30.6%

— MERRIMACK PHARMACEUTICALS INC 2.4%

Value $5.233M Shares 3,500,000 Share Price $1.50 Est. Cost/Share $1.36 Unrealized @ Report Date —

SRPT SAREPTA THERAPEUTICS INC 2.2%

Value $4.88M Shares 250,000 Share Price $19.52 * Est. Cost/Share $17.47 Unrealized @ Report Date 0.0%

BABA ALIBABA GROUP HLDG LTD 2.2%

Value $4.742M Shares 60,000 Share Price $79.03 Est. Cost/Share $79.03 Unrealized @ Report Date —

OPK OPKO HEALTH INC 1.7%

Value $3.637M Shares 350,000 Share Price $10.39 * Est. Cost/Share $9.14 Unrealized @ Report Date 0.0%

— NEKTAR THERAPEUTICS 1.6%

Value $3.575M Shares 260,000 Share Price $13.75 Est. Cost/Share $13.75 Unrealized @ Report Date —

INFIQ INFINITY PHARMACEUTICALS INC 1.1%

Value $2.424M Shares 460,000 Share Price $5.27 * Est. Cost/Share $6.12 Unrealized @ Report Date 0.0%

BCRX BIOCRYST PHARMACEUTICALS 0.6%

Value $1.217M Shares 430,000 Share Price $2.83 * Est. Cost/Share $4.43 Unrealized @ Report Date 0.0%

— LIPOCINE INC 0.5%

Value $1.015M Shares 100,000 Share Price $10.15 Est. Cost/Share $10.15 Unrealized @ Report Date —

— ATYR PHARMA INC 0.3%

Value $749K Shares 190,000 Share Price $3.94 Est. Cost/Share $3.94 Unrealized @ Report Date —

— IGNYTA INC 0.1%

Value $271K Shares 40,000 Share Price $6.78 Est. Cost/Share $6.78 Unrealized @ Report Date —

— CELLDEX THERAPEUTICS INC 0.1%

Value $189K Shares 50,000 Share Price $3.78 Est. Cost/Share $3.78 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
HRTX	HERON THERAPEUTICS INC	5,190,837	$98.57M	44.9%	$18.99 *	$12.86	+53.4%	COM	427746102
—	LA JOLLA PHARMACEUTICAL CO	3,052,130	$63.82M	29.1%	$20.91	$14.80	—	COM	503459604
—	OPKO HEALTH INC	14,000,000	$21.83M	9.9%	$1.56	$1.47	—	DEBT 3.0% 2/1/33	68375NAB9
BMRN	BIOMARIN PHARMACEUTICAL INC	90,215	$7.441M	3.4%	$82.48	$62.32	+30.6%	COM	09061G101
—	MERRIMACK PHARMACEUTICALS INC	3,500,000	$5.233M	2.4%	$1.50	$1.36	—	NOTE 4.5% 7/15/20	590328AA8
SRPT	SAREPTA THERAPEUTICS INC	250,000	$4.88M	2.2%	$19.52 *	$17.47	0.0%	COM	803607100
BABA	ALIBABA GROUP HLDG LTD	60,000	$4.742M	2.2%	$79.03	$79.03	—	SPONSORED ADS	01609W102
OPK	OPKO HEALTH INC	350,000	$3.637M	1.7%	$10.39 *	$9.14	0.0%	COM	68375N103
—	NEKTAR THERAPEUTICS	260,000	$3.575M	1.6%	$13.75	$13.75	—	COM	640268108
INFIQ	INFINITY PHARMACEUTICALS INC	460,000	$2.424M	1.1%	$5.27 *	$6.12	0.0%	COM	45665G303
BCRX	BIOCRYST PHARMACEUTICALS	430,000	$1.217M	0.6%	$2.83 *	$4.43	0.0%	COM	09058V103
—	LIPOCINE INC	100,000	$1.015M	0.5%	$10.15	$10.15	—	COM	53630X104
—	ATYR PHARMA INC	190,000	$749K	0.3%	$3.94	$3.94	—	COM	002120103
—	IGNYTA INC	40,000	$271K	0.1%	$6.78	$6.78	—	COM	451731103
—	CELLDEX THERAPEUTICS INC	50,000	$189K	0.1%	$3.78	$3.78	—	COM	15117B103