DAFNA Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ACHILLION PHARMACEUTICALS	COM	00448Q201	996	121,800	SH		SOLE		121,800	0	0
ANACOR PHARMACEUTICALS INC	COM	032420101	598	106,993	SH		SOLE		106,993	0	0
ARIAD PHARMACEUTICALS INC	COM	04033A100	3,344	191,215	SH		SOLE		191,215	0	0
ATRICURE INC	COM	04963C209	4,538	477,701	SH		SOLE		477,701	0	0
AUTHENTIDATE HOLDING CORP	COM NEW	052666203	124	142,062	SH		SOLE		142,062	0	0
BAXANO SURGICAL INC	COM	071773105	807	336,351	SH		SOLE		336,351	0	0
BIOSPECIFICS TECHNOLOGIES	COM	090931106	806	51,692	SH		SOLE		51,692	0	0
CARDICA INC	COM	14141R101	1,180	1,063,469	SH		SOLE		1,063,469	0	0
CARDIONET INC	COM	14159L103	2,371	401,788	SH		SOLE		401,788	0	0
COMBIMATRIX CORP	*W EXP 05/01/201	20009T121	1	2,325	SH		SOLE		2,325	0	0
CURIS INC	COM	231269101	1,754	549,896	SH		SOLE		549,896	0	0
CUTERA INC	COM	232109108	781	88,694	SH		SOLE		88,694	0	0
CYCLACEL PHARMACEUTICALS INC	COM NEW	23254L306	131	44,300	SH		SOLE		44,300	0	0
DERMA SCIENCES INC	COM PAR $.01	249827502	761	57,009	SH		SOLE		57,009	0	0
DIGIRAD CORP	COM	253827109	89	36,672	SH		SOLE		36,672	0	0
DISCOVERY LABORATORIES INC	COM NEW	254668403	2,635	1,733,660	SH		SOLE		1,733,660	0	0
DYAX CORP	COM	26746E103	2,001	578,381	SH		SOLE		578,381	0	0
EXACTECH INC	COM	30064E109	664	33,636	SH		SOLE		33,636	0	0
GIVEN IMAGING LTD	ORD SHS	M52020100	2,190	156,320	SH		SOLE		156,320	0	0
GRAYMARK HEALTHCARE INC	COM	389465303	146	693,027	SH		SOLE		693,027	0	0
INFUSYSTEM HOLDINGS INC	COM	45685K102	707	474,484	SH		SOLE		474,484	0	0
INSPIREMD INC	COM NEW	45779A309	1,581	715,200	SH		SOLE		715,200	0	0
INSULET CORP	NOTE 3.750% 6/1	45784PAC5	3,911	3,000,000	PRN		SOLE		3,000,000	0	0
INSULET CORP	COM	45784P101	3,926	124,981	SH		SOLE		124,981	0	0
INTERCEPT PHARMACEUTICALS IN	COM	45845P108	448	10,000	SH		SOLE		10,000	0	0
JOHNSON AND JOHNSON	COM	478160104	807	9,400	SH		SOLE		9,400	0	0
KALOBIOS PHARMACEUTICALS INC	COM	48344T100	452	79,834	SH		SOLE		79,834	0	0
KERYX BIOPHARMACEUTICALS	COM	492515101	575	77,000	SH		SOLE		77,000	0	0
MASIMO CORPORATION	COM	574795100	371	17,500	SH		SOLE		17,500	0	0
NOVADAQ TECHNOLOGIES INC	COM	66987G102	6,210	461,362	SH		SOLE		461,362	0	0
NUVASIVE INC	NOTE 2.750% 7/0	670704AC9	986	1,000,000	PRN		SOLE		1,000,000	0	0
NXSTAGE MEDICAL INC	COM	67072V103	3,594	251,654	SH		SOLE		251,654	0	0
PALATIN TECHNOLOGIES INC	COM PAR $.01	696077403	319	514,768	SH		SOLE		514,768	0	0
PHARMACYCLICS INC	COM	716933106	8,116	102,128	SH		SOLE		102,128	0	0
PROTALIX BIOTHERAPEUTICS INC	COM	74365A101	4,262	868,106	SH		SOLE		868,106	0	0
RTI BIOLOGICS INC	COM	74975N105	628	167,058	SH		SOLE		167,058	0	0
SPECTRANETICS CORP	COM	84760C107	978	52,362	SH		SOLE		52,362	0	0
STEREOTAXIS INC	COM NEW	85916J409	343	221,508	SH		SOLE		221,508	0	0
SYNERON MEDICAL LTD	ORD SHS	M87245102	791	90,947	SH		SOLE		90,947	0	0
THERAGENICS CORP	COM	883375107	333	160,719	SH		SOLE		160,719	0	0
UROPLASTY INC	COM NEW	917277204	599	289,332	SH		SOLE		289,332	0	0
VENAXIS INC	COM	92262A107	836	697,000	SH		SOLE		697,000	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	689	8,600	SH		SOLE		8,600	0	0
XENOPORT INC	COM	98411C100	947	191,262	SH		SOLE		191,262	0	0