So now we can be pretty certain: the motive for submitting a petition for an inter partes review at the Patent Trial and Appeal Board is not important, what matters in the decision on whether it should be instituted is that it has a reasonable chance of success. That’s a big win for the likes of Kyle Bass and other hedge fund managers; and a concern for patent owners, not only in the life sciences industries, but also in many other sectors and, perhaps in particular, for public IP companies (PIPCOs).

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