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`Kyle Bass Continues Abuse of Patent Challenge System
`Kyle Bass Continues Abuse of Patent Challenge System
`
`SEPTEMBER 3, 2015
`
`Contact: Daniel Seaton
`Phone: 202-549-8243
`Email: dseaton@bio.org
`
`RELATED CONTENT
`RELATED CONTENT
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`Decisions
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`Billionaire Hedge Fund Manager Loses Challenges – Immediately Files Second Challenge on Same
`Patents
`
`Washington, D.C. (September 3, 2015) – The Biotechnology Industry Organization (BIO) today
`released the following statement regarding the recent IPR challenges filed by hedge fund manager
`Kyle Bass.
`
`The following statement may be attributed to BIO President and CEO Jim Greenwood:
`
`BIO Latin America Registration
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`“Billionaire hedge fund manager Kyle Bass continues to attack biotechnology companies with endless
`series of Inter Parte Review (IPR) challenges to legitimate patents. Bass has filed more than a dozen
`such IPR challenges in August alone. The most recent examples – four new IPR filings yesterday
`against Acorda Therapeutics – are particularly egregious, coming on the heels of Bass’ prior failed attempt to attack two of those same
`patents covering Acorda’s innovative multiple sclerosis drug Ampyra.
`
`“The fact that a hedge fund or others can file endless challenges to the same patents over and over again, forcing small companies like
`Acorda to divert their time, attention and limited resources to fighting these improper attacks rather than focusing on bringing new
`cures to patients, is outrageous and offensive. His abuse of this system highlights the need for reform.
`
`“BIO again calls on the Patent and Trademark Office (PTO) and Congress to quickly take action to stop this abuse, which is threatening
`to undermine the medical innovation system in this country.”
`
`For more information on BIO and the biotechnology industry, please visit www.bio.org.
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`https://www.bio.org/media/press-release/kyle-bass-continues-abuse-patent-challenge-system
`Patent Owner Ex. 2024
`IPR2015-01241
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`Kyle Bass Continues Abuse of Patent Challenge System | BIO
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`About BIO
`BIO is the world's largest trade association representing biotechnology companies, academic institutions, state biotechnology centers
`and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and
`development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO
`International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and
`partnering meetings held around the world. BIOtechNOW is BIO's blog chronicling “innovations transforming our world” and the BIO
`Newsletter is the organization’s bi-weekly email newsletter. Subscribe to the BIO Newsletter.
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`https://www.bio.org/media/press-release/kyle-bass-continues-abuse-patent-challenge-system
`Patent Owner Ex. 2024
`IPR2015-01241
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