David Bailey, who acted for watchdog against pharma giant that hiked NHS prices
David Bailey, a barrister at Brick Court Chambers and a competition law professor at King's College London, acted for the Competition and Markets Authority in an appeal by Advanz Pharma and the CMA's cross-appeal on penalty. The Court of Appeal found the company had exploited its position as the sole supplier of the thyroid drug liothyronine, inflating NHS prices and restricting patient access to essential medication. It reinstated the CMA's fine of £51.9 million on the private equity firm Cinven — making a total of £99 million fines across all Advanz's owners.
To show that the company was wrong to portray the CMA's case as based on an idealised view of competition. We did this by showing how Advanz had a shrewd strategy to buy
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