VHCP MANAGEMENT, LLC Information

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

Report Date: 12/31/2014

Position Statistics

Total Positions 22
New Positions 4
Increased Positions 6
Decreased Positions 4
Positions with Activity 10
Sold Out Positions 2
Total Mkt Value (in $ millions) 403

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 40.58%
Services 1.26%
Technology
Transportation
Utilities

22 Positions as of 12/31/2014

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
GW PHARMACEUTICALS PLC ADS 26,963 New 311,853
ANACOR PHARMACEUTICALS INC COM 64,639 New 1,178,474
AVALANCHE BIOTECHNOLOGIES INC COM 53,374 New 1,382,735
BIOCRYST PHARMACEUTICALS COM 14,478 New 1,744,356
COHERUS BIOSCIENCES INC COM 24,724 24,724 New 870,269
DYAX CORP COM 16,551 -16,543 (49.99) 1,000,659
HERON THERAPEUTICS INC COM 15,581 New 1,095,734
JUNO THERAPEUTICS INC COM 99,050 99,050 New 1,749,999
LIPOCINE INC NEW COM 4,663 New 669,921
NEUROCRINE BIOSCIENCES INC COM -11,770 Sold Out 0
OCERA THERAPEUTICS INC COM 3,167 New 703,730
RADIUS HEALTH INC COM (55.56) 233,294
STEMLINE THERAPEUTICS INC COM 5,435 4,352 401.97 356,400
THERAPEUTICSMD INC COM 5,079 New 846,500
ZAFGEN INC COM 21,648 New 541,480
ZS PHARMA INC COM 4,093 New 100,000
ALEXZA PHARMACEUTICALS INC COM NEW -143 Sold Out 0
CYNAPSUS THERAPEUTICS INC COM NEW 1,414 1,414 New 1,536,750
OHR PHARMACEUTICAL INC COM NEW 1,307 New 477,000
SUNESIS PHARMACEUTICALS INC COM NEW 1,324 1,324 New 536,189