13G Filing: Biotechnology Value Fund LP and Forward Pharma A/S (FWP)

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Item 2(d). Title of Class of Securities:

Ordinary Shares, nominal value 0.10 DKK per share (the “Shares”).

Item 2(e). CUSIP Number:

34986J105

Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person
Filing is a:
/x/ Not applicable.
(a) / / Broker or dealer registered under Section 15 of the Exchange Act.
(b) / / Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) / / Insurance company as defined in Section 3(a)(19) of the Exchange Act.
(d) / / Investment company registered under Section 8 of the Investment Company Act.
(e) / / An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
(f) / / An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).
(g) / / A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).
(h) / / A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.
(i) / / A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act.
(j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
(k) / / Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____
Item 4. Ownership
(a) Amount beneficially owned:

As of the close of business on January
2, 2018 (i) BVF beneficially owned 4,817,306 Shares, (ii) BVF2 beneficially owned 3,150,455 Shares, and (iii) Trading Fund OS beneficially
owned 773,758 Shares.

Partners OS, as the general partner
of Trading Fund OS, may be deemed to beneficially own the 773,758 Shares beneficially owned by Trading Fund OS.

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