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The Enigmatic Kyle Bass

The reasons some patents are called “zombie drug” patents is because, like zombies, they just won’t die. Sometimes there’s good reason for them to be killed, too. For example, Fresenius and Alpex both have medications which have zombie patents on non-critical features of the medicine; and that in great excess to value. On one medicine there are speckles which have nothing whatsoever to do with the power of the medicine. On the other there’s a common rubber stopper. Neither feature justifies a ninety percent price hike between Fresenius and Alpex’ options, as opposed to those coming from generic quarters. So Kyle Bass is using CAD, or the Coalition For Affordable Drugs, to get a petition circulated. Should he be successful, the cost of both medicines will diminish substantially, saving those who use them a lot of money. But that won’t be the only effect. In collateral, the value of Fresenius and Alpex stock will decline. It will decline because revenue from those now less-expensive medicines will have diminished. Will Kyle Bass profit from this diminishing of Fresenius and Alpex’ stock value, as he’s done with other pharmaceutical companies in the past?

This isn’t Cad and Bass’ first rodeo, as the saying goes. Kyle Bass has used this exact mode of stock market manipulation to make money before. He’s a hedge fund manager from Texas who originally came from Argentina. His unique, although some would call it questionable, approach to the stock market involves legally controlling it in ways that he can profit from. Being an outsider seems to help. Whatever the case, As a result of Bass’ activities, congress has awakened from a partisan stupor and joined forces to find some way to close the loophole he’s exploiting.

Kyle Bass is resourceful, though, and has made a living from profiting on the loss of big corporate or government entities. He exploded on the financial scene seven years ago, in 2008. At that time Kyle Bass successfully predicted the sub-prime lending crisis that resulted when Frannie Mae and Freddy Mac gave out loans in excess of means. They granted loans to those who couldn’t pay them back, and as a result a financial bubble was created that Bass saw would burst soon. His acumen pinpointed the bubble burst to 2008, and he was correct.

Bass has also profited from predicting a Japanese crisis of the economic persuasion that ended in a stimulus package being meted out to citizens. Currently Bass believes China is headed the same way due to loaning in excess of their GDP. It seems like he’s going to be right, but like many things, only time will tell.

Perhaps the most enigmatic aspect of Kyle Bass is his relationship to Cristina Fernandez de Kirchner, a well-known socialist advocate in Argentina. Is that relationship good or bad? Well, there’s no way to tell from the media. All that is sure is Kyle Bass is himself enigmatic, as far as aims are concerned.

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