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OMB APPROVAL
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OMB Number: 3235-0145
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 2(1)
INTRABIOTICS PHARMACEUTICALS, INC.
----------------------------------
(Name of Issuer)
Common Stock, $.001 par value
-----------------------------
(Title of Class of Securities)
46116T 10 0
-----------
(CUSIP Number)
September 3, 2002
-----------------
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, SEE
the NOTES).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
SEC 1745 (3-98)
1
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CUSIP NO. 46116T-10-0 13G PAGE 2 OF 8 PAGES
--------------------- -----------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO(S). OF ABOVE PERSON(S) (ENTITIES ONLY)
Tang Capital Partners, LP
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) X - Joint Filing
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
----------------------------- ----- --------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 2,088,900
----- --------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
----- --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 2,088,900
----- --------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH: 0
----------------------------- ----- --------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,088,900
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.5%
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12 TYPE OF REPORTING PERSON
PN
---------- ---------------------------------------------------------------------
--------------------- -----------------
CUSIP NO. 46116T-10-0 13G PAGE 3 OF 8 PAGES
--------------------- -----------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO(S). OF ABOVE PERSON(S) (ENTITIES ONLY)
Tang Capital Management, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) X - Joint Filing
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
----------------------------- ----- --------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 2,088,900
----- --------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
----- --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 2,088,900
----- --------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH: 0
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,088,900
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.5%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
---------- ---------------------------------------------------------------------
--------------------- -----------------
CUSIP NO. 46116T-10-0 13G PAGE 4 OF 8 PAGES
--------------------- -----------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO(S). OF ABOVE PERSON(S) (ENTITIES ONLY)
Kevin C. Tang
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) X - Joint Filing
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
----------------------------- ----- --------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 2,088,900
----- --------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
----- --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 2,088,900
----- --------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH: 0
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,088,900
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.5%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
---------- ---------------------------------------------------------------------
--------------------- -----------------
CUSIP NO. 46116T-10-0 13G PAGE 5 OF 8 PAGES
--------------------- -----------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO(S). OF ABOVE PERSON(S) (ENTITIES ONLY)
Oscar L. Tang
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) X - Joint Filing
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
----------------------------- ----- --------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 273,000
----- --------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 103,000
----- --------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 273,000
----- --------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH: 103,000
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
376,000
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.0%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
---------- ---------------------------------------------------------------------
(a) Name of Issuer: Intrabiotics Pharmaceuticals, Inc.
(b) Address of Issuer's Principal Executive Offices:
1245 Terra Bella Avenue, Mountain View, CA 94043
ITEM 2.
(a) Name of Person Filing: Tang Capital Partners, LP
Tang Capital Management, LLC
Kevin C. Tang
Oscar L. Tang
(b) Address of Principal Business Office or, if none, Residence:
Tang Capital Partners, LP
Tang Capital Management, LLC
Kevin C. Tang
4401 Eastgate Mall
San Diego, CA 92121
Oscar L. Tang
c/o Reich & Tang Asset Management LLC
600 Fifth Avenue, 8th Floor
New York, NY 10020
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, par value $.001
(e) CUSIP Number: 56116T 10 0
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TOSS.SS.240.13D-1(b), OR
240.13D-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) |_| Broker or Dealer registered under Section 15 of the Act
(15 U.S.C. 78o);
(b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c);
(c) |_| Insurance company as defined in section 3(a)19) of the Act
(15 U.S.C. 78c);
(d) |_| An investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) |_| An investment adviser in accordance
withss.240.13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance
withss.240.13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance
withss.240.13d-1(b)(ii)(G);
(h) |_| A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) |_| A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) |_| Group, in accordance withss.240.13d-1(b)(1)(ii)(J)
Not applicable.
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned as of September 3, 2002:
The aggregate number and percentage of securities to which
this Schedule 13G relates is 2,464,900 shares, representing
6.6% of the 37,742,421 shares outstanding as reported by the
Issuer in its Form 10Q filed with the SEC on August 14, 2002.
The Filing Persons beneficially own those securities set forth
below:
Tang Capital Partners, LP 2,088,900 shares
Tang Capital Management, LLC 2,088,900 shares
Kevin C. Tang 2,088,900 shares
Oscar L. Tang 376,000 shares
(b) Percent of Class:
Tang Capital Partners, LP 5.5%
Tang Capital Management, LLC 5.5%
Kevin C. Tang 5.5%
Oscar L. Tang 1.0 %
6
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
Tang Capital Partners, LP 2,088,900 shares
Tang Capital Management, LLC 2,088,900 shares
Kevin C. Tang 2,088,900 shares
Oscar L. Tang 273,000 shares
(ii) Shared power to vote or to direct the vote:
Tang Capital Partners, LP 0 shares
Tang Capital Management, LLC 0 shares
Kevin C. Tang 0 shares
Oscar L. Tang 103,000
(iii) Sole power to dispose or to direct the disposition
of:
Tang Capital Partners, LP 2,088,900 shares
Tang Capital Management, LLC 2,088,900 shares
Kevin C. Tang 2,088,900 shares
Oscar L. Tang 273,000 shares
(iv) Shared power to dispose or to direct the disposition
of:
Tang Capital Partners, LP 0 shares
Tang Capital Management, LLC 0 shares
Kevin C. Tang 0 shares
Oscar L. Tang 103,000 shares
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: If this statement is
being filed to report the fact as of the date hereof the reporting
person has ceased to be the beneficial owner of more than five percent
of the class of securities, check the following: |_|
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: Not
Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: Not
Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: See Item
12 of Cover Pages and Item 2 of this Amendment No. 1 to Schedule 13G.
Tang Capital Partners, LP is the registered holder of the shares. Tang
Capital Management, LLC is the general partner of Tang Capital
Partners, LP. Kevin C. Tang is the Manager of Tang Capital Management,
LLC. Kevin C. Tang is the son of Oscar L. Tang.
ITEM 9. NOTICE OF DISSOLUTION OF A GROUP: Not Applicable
7
ITEM 10. CERTIFICATION:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated as of September 30, 2002 Tang Capital Partners, LP
By: Tang Capital Management, LLC
By: /s/ Kevin C. Tang
----------------------------
Kevin C. Tang, Manager
Tang Capital Management, LLC
By: /s/ Kevin C. Tang
----------------------------
Kevin C. Tang, Manager
/s/ Kevin C. Tang
-------------------------------
Kevin C. Tang
/s/ Oscar L. Tang
-------------------------------
Oscar L. Tang
8
EXHIBIT I
TO
AMENDMENT NO. 2
TO
SCHEDULE 13G
UNDER THE
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
Pursuant to Rule 13d-1(k)(1), TANG CAPITAL PARTNERS, LP affirms that it
is individually eligible to use Schedule 13G and agrees that this Schedule is
filed on its behalf.
TANG CAPITAL PARTNERS, LP
By: Tang Capital Management, LLC
By: /s/ Kevin C. Tang
--------------------------------
Kevin C. Tang, Manager
9
EXHIBIT II
TO
AMENDMENT NO. 2
TO
SCHEDULE 13G
UNDER THE
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
Pursuant to Rule 13d-1(k)(1), TANG CAPITAL MANAGEMENT, LLC affirms that
it is individually eligible to use Schedule 13G and agrees that this Schedule is
filed on his behalf.
TANG CAPITAL MANAGEMENT, LLC
By: /s/ Kevin C. Tang
-----------------------------
Kevin L. Tang, Manager
10
EXHIBIT III
TO
AMENDMENT NO. 2
TO
SCHEDULE 13G
UNDER THE
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
Pursuant to Rule 13d-1(k)(1), KEVIN C. TANG affirms that he is
individually eligible to use Schedule 13G and agrees that this Schedule is filed
on his behalf.
/s/ Kevin C. Tang
------------------------
KEVIN C. TANG
11
EXHIBIT IV
TO
AMENDMENT NO. 2
TO
SCHEDULE 13G
UNDER THE
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
Pursuant to Rule 13d-1(k)(1), OSCAR L. TANG affirms that he is
individually eligible to use Schedule 13G and agrees that this Schedule is filed
on his behalf.
/s/ Oscar L. Tang
-----------------------
OSCAR L. TANG
12