Kyle Bass Strikes Again!

Kyle Bass Strikes Again!

Yesterday evening (April 1, 2015), the “Coalition for Affordable Drugs II LLC” filed two petitions for Inter Partes Review against Shire PLC.  These petitions can be found below as PDF files.

IPR2015-00989 is against U.S. Patent No. 7,056,886.  This is one of the patents protecting Shire’s newly acquired Gattex Kit.  Shire acquired this drug through its acquisition of NPS Pharma on February 21, 2015 for a total cash consideration of approximately $5.2 Billion.  It appears that this was the only drug generating revenue for NPS Pharma.

IPR2015-00988 is against U.S. Patent No. 6,773,720.  This is the only patent protecting Shire’s Lialda in the U.S.  The Patent is currently scheduled to expire in June 2020, so this petition risks a significant amount of exclusivity.  According to Shire SEC filings, Shire’s revenue associated with “…LIALDA/MEZAVANT (up 20% to $634 million)” (Page 52).

Greenhaven Road Capital 3Q22 Commentary

chart 1663692248Greenhaven Road Capital commentary for the third quarter ended September 30, 2022. Q3 2022 hedge fund letters, conferences and more Dear Fellow Investors, The Fund is enduring its worst drawdown since inception. We were down again in the third quarter, bringing year -to-date returns to approximately -59%. Returns vary by . . . SORRY! This Read More

Kyle Bass previously filed two IPR petitions against patents owned by Acorda Therapeutics and it caused a significant negative share-price reaction for ACOR on those dates.

Kyle Bass – Petition 1

Petition 2

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