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) 192

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 68.21%
Services 2.06%
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 55,855 -4,767 (7.86) 644,376
BIOCRYST PHARMACEUTICALS COM 21,142 -121 (0.57) 1,744,356
DYAX CORP COM 18,188 -5,328 (22.66) 2,000,859
IRONWOOD PHARMACEUTICALS INC COM CL A 13,545 -13,545 (50) 900,000
HERON THERAPEUTICS INC COM 10,092 New 1,095,734
FLAMEL TECHNOLOGIES SA SPONSORED ADR 7,255 7,255 New 500,000
NEUROCRINE BIOSCIENCES INC COM 4,161 -5,366 (56.32) 303,503
ALEXZA PHARMACEUTICALS INC COM NEW 1,237 -635 (33.92) 247,812
XENCOR INC COM 881 881 New 88,400
VERSARTIS INC COM 446 446 New 19,000
BIODEL INC COM NEW -2,297 Sold Out 0
HYPERION THERAPEUTICS INC COM -2,661 Sold Out 0
TESARO INC COM -4,061 Sold Out 0
VANDA PHARMACEUTICALS INC COM -10,110 Sold Out 0