UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

Rule 13d-1(d)

CUSIP No. 454072109

1.

Names of Reporting Person. I.R.S. Identification No. of above person (entities only)

Quogue Capital LLC

2.

Check the Appropriate Box if a Member of a Group*

(a)

o

(b)

o

3.

SEC Use Only

4.

Citizenship or Place of Organization

New York

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

3,237,125

6.

Shared Voting Power

0

7.

Sole Dispositive Power

3,237,125

8.

Shared Dispositive Power

0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

3,237,125

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares*  o

11.

Percent of Class Represented by Amount in Row (9)

5.7%

12.

Type of Reporting Person*

OO

CUSIP No. 454072109

1.

Names of Reporting Person. I.R.S. Identification No. of above person

Wayne P. Rothbaum

2.

Check the Appropriate Box if a Member of a Group*

(a)

o

(b)

o

3.

SEC Use Only

4.

Citizenship or Place of Organization

United States

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

0 (See Item 4)

6.

Shared Voting Power

0 (See Item 4)

7.

Sole Dispositive Power

0 (See Item 4)

8.

Shared Dispositive Power

0 (See Item 4)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

0 (See Item 4)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares*  x

11.

Percent of Class Represented by Amount in Row (9)

0.0%

12.

Type of Reporting Person*

IN

Item 1.

(a)

Name of Issuer

Indevus Pharmaceuticals, Inc.

(b)

Address of Issuer’s Principal Executive Offices:

33 Hayden Avenue
Lexington, Massachusetts 02421-7966

Item 2.

(a)

Name of Person Filing:

Quogue Capital LLC
Wayne P. Rothbaum

(b)

Address of Principal Business Office or, if none, Residence:

Quogue Capital LLC
1285 Avenue of the Americas
35th Floor
New York, New York 10019

Wayne P. Rothbaum
c/o Quogue Capital LLC
1285 Avenue of the Americas
35th Floor
New York, New York 10019

(c)

Citizenship:

See Item 4 of cover pages

(d)

Title of Class of Securities:

Common Stock, $.001 par value per share (the “Common Stock”)

(e)

CUSIP Number:

454072109

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)

o

Broker or dealer registered under section 15 of the  ExchangeAct;

(b)

o

Bank as defined in section 3(a)(6) of the Exchange Act;

(c)

o

Insurance company as defined in section 3(a)(19) of the Exchange Act;

(d)

o

Investment company registered under section 8 of the Investment Company Act;

(e)

o

An investment adviser in accordance with Rule 13-d-1(b)(1)(ii)(E);

(f)

o

An employee benefit plan or endowment fund in accordance with Rule 13-d-1(b)(1)(ii)(F);

(g)

o

A parent holding company or control person in accordance with Rule 13-d-1(b)(1)(ii)(G);

(h)

o

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act;

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act;

(j)

o

Group, in accordance with Rule 13-d-1(b)(1)(ii)(J).

Item 4.

Ownership.

For Quogue Capital LLC and Mr. Rothbaum:

(a)

Amount beneficially owned:   

Quogue Capital LLC owns an aggregate of 3,237,125 shares of Common Stock,
comprised of (i) 1,284,000 shares of outstanding Common Stock and (ii) 1,953,125
shares of Common Stock issuable upon conversion of $13,000,000 in principal amount
of the issuer’s 6.25% Convertible Senior Notes due 2008. Wayne P. Rothbaum is the
managing member of Quogue Capital LLC and so may be deemed to beneficially own
such shares of Common Stock. Mr. Rothbaum disclaims such beneficial ownership.

(b)

Percent of class:   

5.7%

(c)

Number of shares as to which such person has:

(i)

Sole power to vote or to direct the vote:   

See Item 5 of cover pages.

(ii)

Shared power to vote or to direct the vote:    

See Item 6 of cover pages.

(iii)

Sole power to dispose or to direct the disposition of:  

See Item 7 of cover pages.

(iv)

Shared power to dispose or to direct the disposition of:   

See Item 8 of cover pages.

Item 5.

Ownership of Five Percent or Less of a Class.

Not applicable.

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.

Not applicable.

Item 9.

Notice of Dissolution of Group.

Not applicable.

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.

Date: July 6, 2006

QUOGUE CAPITAL LLC

By:

/s/ Wayne P. Rothbaum

Name: Wayne P. Rothbaum

Title: President

By:

/s/ Wayne P. Rothbaum

Wayne P. Rothbaum

QUOGUE CAPITAL LLC

By:

/s/ Wayne P. Rothbaum

Name: Wayne P. Rothbaum

Title: President

By:

/s/ Wayne P. Rothbaum

Wayne P. Rothbaum