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 67.34%
Services 2.03%
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 -2,261 Sold Out 0
HYPERION THERAPEUTICS INC COM -2,667 Sold Out 0
TESARO INC COM -4,014 Sold Out 0
VANDA PHARMACEUTICALS INC COM -9,578 Sold Out 0
VERSARTIS INC COM 452 452 New 19,000
XENCOR INC COM 880 880 New 88,400
ALEXZA PHARMACEUTICALS INC COM NEW 1,239 -636 (33.92) 247,812
THERAPEUTICSMD INC COM 3,852 New 846,500
OCERA THERAPEUTICS INC COM 4,110 New 703,730
NEUROCRINE BIOSCIENCES INC COM 4,112 -5,303 (56.32) 303,503
FLAMEL TECHNOLOGIES SA SPONSORED ADR 7,010 7,010 New 500,000
HERON THERAPEUTICS INC COM 10,223 New 1,095,734
DBV TECHNOLOGIES BOULOGNE BILL SHS NOM 10,632 New 480,000
IRONWOOD PHARMACEUTICALS INC COM CL A 13,023 -13,023 (50) 900,000
KERYX BIOPHARMACEUTICALS INC COM 14,214 New 1,000,273
DYAX CORP COM 17,608 -5,158 (22.66) 2,000,859
BIOCRYST PHARMACEUTICALS COM 20,339 -117 (0.57) 1,744,356
ANACOR PHARMACEUTICALS INC COM 25,432 New 1,545,999
GW PHARMACEUTICALS PLC ADS 56,860 -4,853 (7.86) 644,376