TANG CAPITAL MANAGEMENT LLC Diversified Active

Location: San Diego, CA

CIK: 0001232621 · Show all filings

Period: Q2 2016 (← Previous) (Next →)

Filing Date: Aug 15, 2016

Total Value: $224M (89.4% shares, 10.6% debt)

Holdings (12)

HRTX HERON THERAPEUTICS INC 49.8%

Value $112M Shares 6,197,198 Share Price $18.05 * Est. Cost/Share $13.95 Unrealized @ Report Date +40.0%

— LA JOLLA PHARMACEUTICAL CO 21.8%

Value $48.83M Shares 3,052,130 Share Price $16.00 Est. Cost/Share $14.80 Unrealized @ Report Date —

— IGNYTA INC 9.6%

Value $21.53M Shares 3,972,800 Share Price $5.42 Est. Cost/Share $5.43 Unrealized @ Report Date —

— OPKO HEALTH INC 8.8%

Value $19.75M Shares 14,000,000 Share Price $1.41 Est. Cost/Share $1.47 Unrealized @ Report Date —

BMRN BIOMARIN PHARMACEUTICAL INC 3.1%

Value $7.019M Shares 90,215 Share Price $77.80 * Est. Cost/Share $62.32 Unrealized @ Report Date +36.4%

BABA ALIBABA GROUP HOLDING LIMITED 2.1%

Value $4.772M Shares 60,000 Share Price $79.53 Est. Cost/Share $79.03 Unrealized @ Report Date —

— MERRIMACK PHARMACEUTICALS INC 1.8%

Value $3.965M Shares 3,500,000 Share Price $1.13 Est. Cost/Share $1.36 Unrealized @ Report Date —

— NEKTAR THERAPEUTICS 1.6%

Value $3.7M Shares 260,000 Share Price $14.23 Est. Cost/Share $13.75 Unrealized @ Report Date —

BCRX BIOCRYST PHARMACEUTICALS INC 0.5%

Value $1.221M Shares 430,000 Share Price $2.84 * Est. Cost/Share $4.43 Unrealized @ Report Date -29.9%

— LIPOCINE INC 0.4%

Value $790K Shares 260,000 Share Price $3.04 Est. Cost/Share $5.77 Unrealized @ Report Date —

— ATYR PHARMA INC 0.3%

Value $777K Shares 279,425 Share Price $2.78 Est. Cost/Share $3.57 Unrealized @ Report Date —

— CELLDEX THERAPUETICS INC 0.1%

Value $220K Shares 50,000 Share Price $4.40 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	6,197,198	$112M	49.8%	$18.05 *	$13.95	+40.0%	COM	427746102
—	LA JOLLA PHARMACEUTICAL CO	3,052,130	$48.83M	21.8%	$16.00	$14.80	—	COM	503459604
—	IGNYTA INC	3,972,800	$21.53M	9.6%	$5.42	$5.43	—	COM	451731103
—	OPKO HEALTH INC	14,000,000	$19.75M	8.8%	$1.41	$1.47	—	DEBT 3.0% 2/1/33	68375NAB9
BMRN	BIOMARIN PHARMACEUTICAL INC	90,215	$7.019M	3.1%	$77.80 *	$62.32	+36.4%	COM	09061G101
BABA	ALIBABA GROUP HOLDING LIMITED	60,000	$4.772M	2.1%	$79.53	$79.03	—	SPONSORED ADS	01609W102
—	MERRIMACK PHARMACEUTICALS INC	3,500,000	$3.965M	1.8%	$1.13	$1.36	—	NOTE 4.5% 7/15/20	590328AA8
—	NEKTAR THERAPEUTICS	260,000	$3.7M	1.6%	$14.23	$13.75	—	COM	640268108
BCRX	BIOCRYST PHARMACEUTICALS INC	430,000	$1.221M	0.5%	$2.84 *	$4.43	-29.9%	COM	09058V103
—	LIPOCINE INC	260,000	$790K	0.4%	$3.04	$5.77	—	COM	53630X104
—	ATYR PHARMA INC	279,425	$777K	0.3%	$2.78	$3.57	—	COM	002120103
—	CELLDEX THERAPUETICS INC	50,000	$220K	0.1%	$4.40	$3.78	—	COM	15117B103