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) 194

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 68.29%
Services 2.1%
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
GW PHARMACEUTICALS PLC ADS 56,041 -4,783 (7.86) 644,376
ANACOR PHARMACEUTICALS INC COM 26,808 New 1,545,999
BIOCRYST PHARMACEUTICALS COM 21,229 -122 (0.57) 1,744,356
DYAX CORP COM 18,088 -5,299 (22.66) 2,000,859
HERON THERAPEUTICS INC COM 10,004 New 1,095,734
HYPERION THERAPEUTICS INC COM -2,627 Sold Out 0
KERYX BIOPHARMACEUTICALS INC COM 14,864 New 1,000,273
NEUROCRINE BIOSCIENCES INC COM 4,149 -5,350 (56.32) 303,503
OCERA THERAPEUTICS INC COM 4,053 New 703,730
TESARO INC COM -4,108 Sold Out 0
THERAPEUTICSMD INC COM 4,063 New 846,500
VANDA PHARMACEUTICALS INC COM -10,010 Sold Out 0
VERSARTIS INC COM 419 419 New 19,000
XENCOR INC COM 857 857 New 88,400
IRONWOOD PHARMACEUTICALS INC COM CL A 13,860 -13,860 (50) 900,000
ALEXZA PHARMACEUTICALS INC COM NEW 1,242 -637 (33.92) 247,812
BIODEL INC COM NEW -2,345 Sold Out 0
DBV TECHNOLOGIES BOULOGNE BILL SHS NOM 10,632 New 480,000
FLAMEL TECHNOLOGIES SA SPONSORED ADR 7,270 7,270 New 500,000