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

19 Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
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
NEUROCRINE BIOSCIENCES INC COM 4,106 -5,296 (56.32) 303,503
IRONWOOD PHARMACEUTICALS INC COM CL A 13,824 -13,824 (50) 900,000
ALEXZA PHARMACEUTICALS INC COM NEW 1,234 -633 (33.92) 247,812
DYAX CORP COM 17,868 -5,234 (22.66) 2,000,859
GW PHARMACEUTICALS PLC ADS 54,695 -4,668 (7.86) 644,376
BIOCRYST PHARMACEUTICALS COM 20,514 -118 (0.57) 1,744,356
ANACOR PHARMACEUTICALS INC COM 25,772 New 1,545,999
DBV TECHNOLOGIES BOULOGNE BILL SHS NOM 10,632 New 480,000
FLAMEL TECHNOLOGIES SA SPONSORED ADR 6,850 6,850 New 500,000
HERON THERAPEUTICS INC COM 10,037 New 1,095,734
KERYX BIOPHARMACEUTICALS INC COM 15,154 New 1,000,273
OCERA THERAPEUTICS INC COM 3,856 New 703,730
THERAPEUTICSMD INC COM 3,928 New 846,500
VERSARTIS INC COM 418 418 New 19,000
XENCOR INC COM 840 840 New 88,400