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`Kyle Bass going after US pharma - Business Insider
`
`BUSINESS
`
`INSIDER
`
`Hedge Fund Manager Kyle Bass Is
`Going After Big Pharma And Its '88
`Patents'
`
`JULIA LA ROCHE
`
`JAN. 7, 2015. 10:47 AM
`
`
`
`Texan hedge fund manager Kyle
`Bass is going activist against the US
`pharmaceutical industry and its
`patents, according to a conference
`attendee on Twitter.
`
`"We'll have a separate pharmacy
`vehicle. We've dedicated half of our
`
`resources over the past six months
`to this," Bass told conference
`attendees.
`
`activist strategy."
`
`According to the conference
`attendee, Bass called it a "short
`
`Bass, the founder of Hayman Capital,
`.
`was Speakmg at the Skagen New
`Year's Conference in Copenhagen.
`
`His presentation was titled "The US
`
`Has A Drug Problem."
`
`REUTERS/Brendan McDermid
`Kyle Bass, founder and principal of Hayman Capital
`Management LP, at the Sohn Investment
`
`Conference in New York on May 8, 2013.
`
`Bass told conference attendees that
`"pay for delay" is coming to an end for drugmakers. He also said he planned to file IPR petitions
`(inter partes reviews) to challenge drugmaker patents.
`
`"This will change the way pharma companies [manage] their BS patents," Bass said.
`
`He continued: "The beautiful thing is this will lower drug prices for everyone."
`
`We reached out to Hayman Capital for more on the presentation.
`
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`http://www.businessinsider.comlky|e—bass-going-afler-us—pharm a-2015-1
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`Kyle Bass going after US pharma — Business Insider
`
`* Copyright © 2015 Business Insider Inc. All rights resented.
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`http://wwwbusinessinsider.com/ker-bass-going-afler-us-pharma—20151
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