`
`Hedge Fund Manager Kyle Bass Is Going After Big Pharma And Its 'BS Patents' - Business Insider
`
`Hedge Fund Manager Kyle Bass Is Going After Big
`Pharma And Its 'BS Patents'
`
`Julia La Roche
`
`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.
`
`According to the conference attendee, Bass called it a "short activist
`strategy."
`
`Kyle Bass, founder and principal of
`Hayman Capital Management LP, at the
`Sohn Investment Conference in New York
`on May 8, 2013.
`
`Bass, the founder of Hayman Capital, was speaking at the Skagen New Year's Conference in Copenhagen. His presentation
`
`was titled "The US Has A Drug Problem."
`
`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."
`
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`
`inRead invented by Teads
`
`We reached out to Hayman Capital for more on the presentation.
`
`NOW WATCH: Here's How 2 Dudes Make More Than $4 Million A Year On
`YouTube
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`https://www.businessinsider.com/kyle-bass-going-after-us-pharma-2015-1
`
`1/2
`
`IPR2015-01046
`Mangrove Partners Master Fund Ltd. & Apple Inc. v. VirnetX Inc.
`IPR2015-01047
`Mangrove Partners Master Fund, Ltd., Apple Inc., and Black Swamp IP, LLC v. VirnetX Inc.
`Exhibit 1054, page 1
`
`Jan 7, 2015, 10:47 AM
`REUTERS/Brendan
`McDermid
`
`
`10/2/2019
`
`Hedge Fund Manager Kyle Bass Is Going After Big Pharma And Its 'BS Patents' - Business Insider
`
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`https://www.businessinsider.com/kyle-bass-going-after-us-pharma-2015-1
`
`2/2
`
`IPR2015-01046
`Mangrove Partners Master Fund Ltd. & Apple Inc. v. VirnetX Inc.
`IPR2015-01047
`Mangrove Partners Master Fund, Ltd., Apple Inc., and Black Swamp IP, LLC v. VirnetX Inc.
`Exhibit 1054, page 2
`
`More: Hedge Funds Kyle Bass Pharmaceutical Drugs
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