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) 196

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 68.39%
Services 2.21%
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 56,499 -4,822 (7.86) 644,376
ANACOR PHARMACEUTICALS INC COM 25,973 New 1,545,999
BIOCRYST PHARMACEUTICALS COM 22,432 -129 (0.57) 1,744,356
DYAX CORP COM 19,768 -5,791 (22.66) 2,000,859
HERON THERAPEUTICS INC COM 10,234 New 1,095,734
HYPERION THERAPEUTICS INC COM -2,521 Sold Out 0
KERYX BIOPHARMACEUTICALS INC COM 15,354 New 1,000,273
NEUROCRINE BIOSCIENCES INC COM 4,249 -5,480 (56.32) 303,503
OCERA THERAPEUTICS INC COM 4,018 New 703,730
TESARO INC COM -4,044 Sold Out 0
THERAPEUTICSMD INC COM 4,334 New 846,500
VANDA PHARMACEUTICALS INC COM -10,599 Sold Out 0
VERSARTIS INC COM 408 408 New 19,000
XENCOR INC COM 847 847 New 88,400
IRONWOOD PHARMACEUTICALS INC COM CL A 13,698 -13,698 (50) 900,000
ALEXZA PHARMACEUTICALS INC COM NEW 1,224 -628 (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 6,745 6,745 New 500,000