Kyle Bass Wants To Be Robin Hood of Drug Prices

Kyle Bass might be viewing himself as the Robin Hood of the modern world. His latest plan is to liberate monopolistic drug patents from the clutches of greedy pharmaceutical companies, lowering the price of the drugs and making money by betting that the stock of those companies would go lower in price.

Kyle Bass' economic predictions

Speaking to told a small group in Oslo, Norway and first reported in Reuters, Kyle Bass said his plan is a rare example of hedge funds aligning themselves with the public good.  "This is going to lower drug prices for Medicare and for everyone," he was quoted as saying. Kyle Bass said the firms he planned to challenge had a combined market...