VHCP MANAGEMENT, LLC Information

3340 HILLVIEW AVENUE, PALO ALTO, California, 94304, (650) 475-3734

Report Date: 03/31/2014

Position Statistics

Total Positions 19
New Positions 3
Increased Positions 3
Decreased Positions 11
Positions with Activity 14
Sold Out Positions 4
Total Mkt Value (in $ millions) 190

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials
Capital Goods
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy
Financial
Healthcare 68.44%
Services 2.07%
Technology
Transportation
Utilities

14 Activity Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
GW PHARMACEUTICALS PLC ADS 54,695 -4,668 (7.86) 644,376
BIOCRYST PHARMACEUTICALS COM 20,514 -118 (0.57) 1,744,356
DYAX CORP COM 17,868 -5,234 (22.66) 2,000,859
IRONWOOD PHARMACEUTICALS INC COM CL A 13,824 -13,824 (50) 900,000
HERON THERAPEUTICS INC COM 10,037 New 1,095,734
FLAMEL TECHNOLOGIES SA SPONSORED ADR 6,850 6,850 New 500,000
NEUROCRINE BIOSCIENCES INC COM 4,106 -5,296 (56.32) 303,503
ALEXZA PHARMACEUTICALS INC COM NEW 1,234 -633 (33.92) 247,812
XENCOR INC COM 840 840 New 88,400
VERSARTIS INC COM 418 418 New 19,000
BIODEL INC COM NEW -2,459 Sold Out 0
HYPERION THERAPEUTICS INC COM -2,519 Sold Out 0
TESARO INC COM -3,893 Sold Out 0
VANDA PHARMACEUTICALS INC COM -10,196 Sold Out 0