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`Funds | Wed Jan 7, 2015 12:59pm EST
`
`Related: REGULATORY NEWS, M&A, MARKETS, MUTUAL FUND CENTER
`
`U.S. hedge fund plans to take on big pharma over
`patents
`
`OSLO
`
`Jan 7 U.S. hedge fund manager Kyle Bass, who won fame for predicting the subprime
`
`REUTERS RECOMMENDS
`
`mortgage crisis in 2008, plans to take on some of the world's biggest drug producers by
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`challenging the patents of their top brands, he said on Wednesday.
`
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`Bass, the founder of Dallas-based Hayman Capital Management, L.P., said some drug
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`firms were hanging onto patents in questionable ways and he planned to take around 15
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`firms into a so called Inter Partes Review (IPR) process created by the America Invents
`
`Act. in 2012.
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`"We are going to challenge and invalidate patents through the IPR process ... (and) we are
`
`not going to settle," Bass said in a presentation in Oslo, Norway's capital.
`
`"The companies that are expanding patents by simply changing the dosage or the way
`
`they are packaging something are going to get knee capped," he said.
`
`Bass said the firms he planned to challenge had a combined market capitalisation of $450
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`billion and if he succeeded that could halve, benefitting his investments and reducing
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`medicine prices in the United States.
`
`"This is going to lower drug prices for Medicare and for everyone," he said.
`
`Bass did not name any targets and also declined to elaborate on how he planned to make
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`a financial gain from the challenges. He also declined to give details on his investment
`
`position.
`
`The Inter Partes Review was introduced by the U.S. government as a quicker and more
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`effective method for challenging existing patents. (Reporting by Joachim Dagenborg,;
`
`Writing by Balazs Koranyi; Editing by Mark Potter)
`
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`Page 1 of 3
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`CELGENE EXHIBIT 2051
`Coalition for Affordable Drugs VI LLC (Petitioner) v. Celgene Corporation (Patent Owner)
`Case IPR2015-01096
`
`
`
`U.S. hedge fund plans to take on big pharma ovoo er patents | Reuters
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`U.S. hedge fund plans to take on big pharma ovoo er patents | Reuters
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