PTAB Won't Sanction Bass For AIA Reviews Of Drug Patents

Law360, New York (September 25, 2015, 10:44 PM EDT) -- The Patent Trial and Appeal Board refused Friday to sanction hedge fund manager Kyle Bass at the request of Celgene Corp. after the company argued that Bass is abusing the inter partes review process, saying there is nothing wrong with what Bass is doing.

Celgene argued to the board that Bass' Coalition for Affordable Drugs is challenging patents as part of a short-selling strategy designed to make money by driving down the price of Celgene's stock, but the PTAB declined to grant the requested relief, saying "profit is at the heart of nearly every patent and nearly every inter partes review."...

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