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Intellectual Property

Mar. 1, 2016

Do IPR cases drive down stock prices?

Hedge fund manager Kyle Bass says that an IPR challenge against a single drug costs approximately $1 million. By J. Gregory Sidak and Jeremy O. Skog

J. Gregory Sidak

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By J. Gregory Sidak and Jeremy O. Skog

Hedge fund manager Kyle Bass, head of Hayman Capital Management, said that he has returned most of the $700 million that he raised from investors as part of a strategy to profit from challenging the validity of patents owned by pharmaceutical companies. In 2015, Bass challenged more than 30 drug patents through the U.S. Patent and Trademark Office's inter partes review (IPR) process, which Congress created in...

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