Tang Capital Management

Tang Capital Management as of Dec. 31, 2011

Portfolio Holdings for Tang Capital Management

Tang Capital Management holds 27 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Affymetrix Inc note 3.500% 1/1 20.0 $71M 71M 1.00
Nektar Therapeutics note 3.250% 9/2 19.2 $69M 70M 0.98
Ardea Biosciences 16.6 $59M 3.5M 16.81
Pdl Biopharma Inc note 2.875% 2/1 11.0 $39M 38M 1.05
Salix Pharmaceuticals Inc note 5.500% 8/15/28 4.3 $16M 3.0M 5.17
DepoMed 4.0 $14M 2.8M 5.18
Optimer Pharmaceuticals 3.6 $13M 1.1M 12.24
Intermune Inc note 2.500% 9/1 3.5 $13M 17M 0.74
Mannkind Corp note 3.750%12/1 3.3 $12M 22M 0.53
Achillion Pharmaceuticals 2.0 $7.1M 937k 7.62
Dendreon Corp note 1.9 $6.9M 9.8M 0.70
Biomarin Pharmaceutical Inc bond cv 1.8 $6.3M 3.0M 2.10
United Therapeutics Corporation (UTHR) 1.3 $4.7M 100k 47.25
Savient Pharmaceuticals note 1.2 $4.3M 10M 0.43
Dendreon Corp cnv 1.0 $3.6M 4.0M 0.89
Mannkind Corp Common Stock cmn 1.0 $3.4M 12k 275.97
AVANIR Pharmaceuticals 0.9 $3.2M 1.6M 2.05
ViroPharma Incorporated 0.8 $2.7M 100k 27.39
Cadence Pharmaceuticals 0.6 $1.9M 492k 3.95
Savient Pharmaceuticals 0.5 $1.8M 787k 2.23
Endocyte 0.5 $1.8M 466k 3.76
Cyclacel Pharmaceuticals Inc pfd conv ex 6% (CYCCP) 0.2 $792k 278k 2.85
Neoprobe Corp 0.2 $647k 247k 2.62
Dendreon Corporation 0.2 $605k 80k 7.60
Opko Health (OPK) 0.1 $490k 100k 4.90
Somaxon Pharmaceuticals 0.1 $504k 1.1M 0.45
MannKind Corporation 0.0 $82k 33k 2.49