| Clients draw on our deep knowledge of the life sciences industry—its institutional structure, its competitive environment, and its regulatory framework. Our experience spans a spectrum of cases, including bodog sports betting app, intellectual property, reimbursement disputes, product misrepresentation, securities, and breach of contract. | Our staff and experts provide strategic advice, rigorous analysis, and persuasive testimony. From initial strategy through deposition and trial, clients have used our findings in hundreds of matters involving the life sciences bodog sports betting app. |
Our extensive network includes top experts from academia and bodog sports betting app.
Our extensive network includes top experts from academia and bodog sports betting app.
Celeste C. Saravia
Vice President,
Cornerstone bodog sports betting app;
Lecturer,
University of California, Berkeley
Celeste Saravia coheads Cornerstone bodog sports betting app’s antitrust and competition practice. Dr. Saravia provides economic and statistical consulting, analysis, and expert testimony in complex business litigation. She addresses class certification, liability, and damages issues in antitrust litigation matters alleging collusion, vertical restraints, and other allegedly anticompetitive behavior, as well as assessing the competitive effects of mergers.
Dr. Saravia works on matters in many industries, including life sciences (pharmaceuticals and medical devices), finance, information technology, energy, telecommunications, and media. Lexology Direct (formerly Who’s Who Legal) has recognized her multiple times as a leader among competition economists, and has recommended her among commercial litigation practitioners. Dr. Saravia teaches bodog sports betting app courses at the University of California, Berkeley.
Antitrust and bodog sports betting app
Dr. Saravia has served as an expert in more than a dozen cases dealing with bodog sports betting app issues, including no-poach agreements, non-compete agreements, price fixing, monopolization, bundling, exclusive dealing, predatory pricing, price discrimination, and product hopping.
She testified at trial in Tevra Brands LLC v. Bayer Healthcare LLC on issues related to bodog sports betting app market definition, market power, foreclosure, and competitive effects. Other trials in which Dr. Saravia has provided testimony include In re HIV bodog sports betting app Litigation, which focused on an allegedly anticompetitive reverse payment in a bodog sports betting app patent settlement; and J & M Distributing Inc. v. Hearth & Home Technologies Inc. et al., an alleged monopolization case. In all these trials, the jury’s opinion was consistent with Dr. Saravia’s testimony.
Global bodog sports betting app Review named Dr. Saravia a finalist for Economist bodog sports betting app Year for her work on In re HIV bodog sports betting app Litigation, which was also shortlisted for Litigation bodog sports betting app Year – Non-Cartel Defence.
Dr. Saravia’s other representative expert work includes Inline Packaging LLC v. Graphic Packaging International Inc. and Fresenius Kabi USA LLC v. Par Sterile Products LLC et al.
Dr. Saravia has supported government agencies and parties in all phases of merger review. She has analyzed competitive effects in prominent proposed mergers, such as Sysco/US Foods and Thoratec/Heartware. The Department of Justice (DOJ) retained Dr. Saravia to assess the competitive effects bodog sports betting app proposed merger between China International Marine Containers Group and Maersk Container bodog sports betting app.
As a consultant, Dr. Saravia leads teams working on high-profile matters, including FTC v. Qualcomm, In re Flash Memory bodog sports betting app Litigation, American Express Travel Related Services Company Inc. v. Visa USA Inc. et al., and Thales Avionics Inc. v. Matsushita Avionics Systems Corporation.
Energy and commodities
Dr. Saravia has developed analytical and statistical models to examine the competitiveness of deregulated electricity markets and modeled the competitive effects of a proposed merger of two electricity firms. In a matter related to an alleged monopsony by the largest purchaser of a natural resource, she provided a preliminary injunction analysis and addressed class certification, liability, and damages issues.
Intellectual property
Dr. Saravia has addressed general damages and intellectual property issues in a variety of matters. In Verizon Services Corp. et al. v. Cox Fibernet Virginia Inc. et al., she analyzed reasonable royalty rates, lost profits, and price erosion due to patent infringement. She also addressed reasonable royalty rates due to patent infringement in Brandeis University and GFA Brands Inc. v. Keebler Co. et al. Dr. Saravia analyzed class certification, liability, and damages related to a breach of contract dispute bodog sports betting app hospitality industry.
Thought leadership
Dr. Saravia speaks and publishes frequently on bodog sports betting app issues. She won a Concurrences Antitrust Writing Award for her coauthored article, “Analyzing Incentives and Liability in ‘Hub-and-Spoke’ Conspiracies.” She has published bodog sports betting app in Global bodog sports betting app Review, including “Horizontal Merger Guidelines and Market Definition in Monopolization Cases” and “Standards for Assessing Bundled Discounts.”
Before joining Cornerstone bodog sports betting app, Dr. Saravia worked at the University of California Energy Institute.
Our extensive network includes top experts from academia and bodog sports betting app.
Darius Lakdawalla
Quintiles Chair in bodog sports betting app Development and Regulatory Innovation, School of Pharmacy,
bodog sports betting app, Sol Price School of Public Policy,
Director of Research, Leonard D. Schaeffer Center for Health Policy and bodog sports betting app,
University of Southern California
Darius Lakdawalla is a leading authority on health economics and health policy. bodog sports betting app Lakdawalla has extensive expertise in pharmaceutical industry policy, medical innovation, prescription drug pricing and drug competition, as well as health insurance coverage and drug reimbursement by private payors and Medicare Part D. In connection with his research, bodog sports betting app Lakdawalla has testified before Congress a number of times on topics related to innovation, patient access, and government reimbursement of prescription drugs including most recently in connection with the Inflation Reduction Act’s anticipated economic impacts on the pharmaceutical industry.
bodog sports betting app Lakdawalla has been retained as an expert witness in multiple life sciences and healthcare matters, in which he evaluated both liability and damages issues. He has provided economic testimony related to allegations of product liability, breach of contract, misappropriation of trade secrets, product hopping, and generic drug price fixing. He also served as an expert for the merging parties in the Federal Trade Commission’s (FTC’s) challenge of Amgen’s acquisition of Horizon Therapeutics, addressing the FTC’s allegation that the acquisition would allow Amgen to entrench Horizon’s dominant position through the use of bundled rebates. bodog sports betting app Lakdawalla has testified both in deposition and at trial.
bodog sports betting app Lakdawalla also has extensive experience providing business consulting services to major pharmaceutical companies, as well as analyzing drug clinical trial data.
An award-winning researcher, bodog sports betting app Lakdawalla has published articles in leading economics, medical, and health policy journals, including the American Economic Review, bodog sports betting app Affairs, the Quarterly Journal of bodog sports betting app, the New England Journal of Medicine, and the Journal bodog sports betting app American Medical Association. His article “bodog sports betting app of the Pharmaceutical Industry” was published in the Journal of Economic Literature. He has also coauthored chapters bodog sports betting app Handbook of Health bodog sports betting app, The Oxford Handbook of the bodog sports betting app of the Biopharmaceutical Industry, and The Elgar Companion to Health bodog sports betting app (2nd edition), among others.
bodog sports betting app Lakdawalla currently serves as an associate editor for the Journal of Health bodog sports betting app. He was previously an associate editor for the American Journal of Health bodog sports betting app and the Review of bodog sports betting app and Statistics. He has also served as an expert panelist for the National Academy of Medicine. bodog sports betting app Lakdawalla is a research associate at the National Bureau of Economic Research (NBER).
For more than a decade, bodog sports betting app Lakdawalla has taught courses on health economics and policy, risk analysis, and health management. Before joining USC, he served as senior economist and director of research at the RAND Corporation’s Bing Center for Health Economics.
Our extensive network includes top experts from academia and bodog sports betting app.
Margaret K. Kyle
Chair in Intellectual Property and Markets for Technology,
MINES ParisTech
Margaret Kyle is a noted authority on bodog sports betting app, intellectual property (IP), and innovation, with extensive multinational experience with life sciences and healthcare topics.
bodog sports betting app Kyle has been retained as an expert witness in multiple matters and has significant testifying experience, including at trial. She has provided testimony on a range of issues, including damages related to alleged product misrepresentation, pricing of pharmaceutical products, and nascent competition. The global Women@Competition platform named bodog sports betting app Kyle among forty notable women competition professionals in their forties. Global bodog sports betting app Review recognized her to its inaugural list of the world’s most important bodog sports betting app academics.
In her academic work, bodog sports betting app Kyle has examined the impact of antitrust, trade, and IP policies on R&D investment, innovation, and competition. In particular, bodog sports betting app Kyle has substantive experience with issues related to pricing of pharmaceutical products, R&D productivity, new product distribution, and competition between branded and generic pharmaceutical products. In addition, she has written about antitrust merger enforcement issues in pharmaceutical markets, with applications to other dynamic markets characterized by innovation. In the context of COVID-19, she has analyzed how incentives can promote the development of new medical technologies and advance the rapid manufacture of tests and treatments.
bodog sports betting app Kyle’s previous positions include visiting bodog sports betting app of strategy at Northwestern University’s Kellogg School of Management; visiting scholar at the Center for the Study of Income and Productivity at the U.S. Federal Reserve Bank of San Francisco; bodog sports betting app at the Toulouse School of Economics; assistant bodog sports betting app at the London Business School, Duke University, and Carnegie Mellon University; and visiting bodog sports betting app at the University of Hong Kong.
bodog sports betting app Kyle consults to policy entities in the United States, Europe, and the UK on competition, economics, and innovation topics. She is a member of DG Competition’s Economic Advisory Group on Competition Policy. At France’s Conseil National de Productivité, which advises the French Prime Minister and the Minister of Economic Affairs, she is one of eleven independent academic economists analyzing the country’s productivity and competitiveness, particularly issues linked to the Euro Zone. She coauthored a note on policies to encourage pharmaceutical innovation for France’s Conseil d’Analyse Économique. In the UK, bodog sports betting app Kyle serves on the Research Committee for the Office of Health Economics.
bodog sports betting app Kyle has coauthored chapters in the Handbook of Health bodog sports betting app, the Oxford Handbook of the bodog sports betting app of the Biopharmaceutical Industry, and Elsevier’s Encyclopedia of Health bodog sports betting app. Her academic papers have been published in leading economics, strategy, and health policy journals. In 2024, bodog sports betting app Kyle won a Concurrences bodog sports betting app Writing Award for her coauthored article, “The bodog sports betting app of New Product Launches and Access to Pharmaceutical Products in the EU.”
bodog sports betting app Kyle is associate editor of the International Journal of Industrial Organization. She has been invited to speak at numerous conferences on issues such as nascent bodog sports betting app, reverse payment patent settlements, and excessive pricing.
Our extensive network includes top experts from academia and bodog sports betting app.
Sean Nicholson
bodog sports betting app, Department of Economics,
bodog sports betting app, Brooks School of Public Policy,
Director, Sloan Program in bodog sports betting app Administration,
Cornell University;
Senior Advisor, Cornerstone bodog sports betting app
Sean Nicholson is an expert in the analysis of pharmaceutical competition, innovation, and pricing. In pharmaceutical and healthcare matters, bodog sports betting app Nicholson has provided expert testimony in antitrust and competition, product misrepresentation, fraudulent pricing, kickback, patent infringement, trade secrets, and breach of contract matters. He has testified at trial in federal and state courts and before the International Trade Commission.
bodog sports betting app Nicholson conducts research on innovation in the pharmaceutical and biotechnology industries and the value of new medical technologies. He is a research associate at the National Bureau of Economic Research and has served as a research director of the Upstate Health Research Network.
Widely published, bodog sports betting app Nicholson’s research has appeared in the New England Journal of Medicine, the Journal of Health bodog sports betting app, and the Handbook of Health bodog sports betting app, among others. He is a former associate editor of Health bodog sports betting app.
bodog sports betting app Nicholson teaches in the department of economics and the Brooks School of Public Policy at Cornell University. Before joining the Cornell faculty, he taught courses on healthcare systems at the Wharton School, University of Pennsylvania. bodog sports betting app Nicholson has received several awards for excellence in teaching.
Life Sciences Capabilities
Cornerstone bodog sports betting app’s staff and experts conduct extensive bodog sports betting app and have a deep understanding of the institutions and regulations that govern biopharmaceutical competition. We have addressed class certification, liability, and damages issues in a wide range of matters. Our experience includes economic analysis of the following allegations, among others:
- Price fixing and market allocation
- Delayed generic entry, by means of reverse payments, sham patent bodog sports betting app, improper patent listings, and misuse of REMS programs
- Life-cycle management strategies or “product hopping”
- Market foreclosure by means of exclusive contracts with suppliers, distributors, or insurers
- Monopolization through “killer” acquisitions
- Anticompetitive rebate bundling
In recent years, regulators have expanded their theories of potential anticompetitive harm from mergers bodog sports betting app life sciences industry. Antitrust regulators are assessing the potential for:
- Reduced future bodog sports betting app among drugs that are currently at early stages of development
- Foreclosure of bodog sports betting app through bundled rebates
- Foreclosure of bodog sports betting app by limiting access to licensable technology and R&D
- Reduction in R&D effort—e.g., killer acquisitions
- Monopsony power bodog sports betting app labor market for highly specialized R&D personnel
Cornerstone bodog sports betting app and its affiliated experts have a deep understanding of the relevant market structure and the competitive interaction between market participants that allows us to address these issues.
In breach of contract disputes clients call on us to construct valuation models, review financial records, and assess lost sales and avoided costs. We have helped clients evaluate a diverse set of issues, including:
- Early-stage uncertainty and risk bodog sports betting app R&D process
- Economic implications of generic entry
- Effect of product life-cycle management techniques
- Impact of marketplace changes
- Reasonableness of commercialization efforts
Life Sciences firms are often the target of private class actions and government investigations under the False Claims Act and Anti-Kickback Statute. Cornerstone bodog sports betting app consulted and supported economic, marketing, biostatistics, sampling, and industry experts to assess allegations of:
- Kickbacks, bodog sports betting app form of speaker programs, advisory boards, and patient assistance programs
- Off-label, fraudulent, or misleading marketing
- Misrepresentations of a product’s safety and/or efficacy
- Product design defects
- Fraudulent list prices
- Creation of a public nuisance requiring abatement
The Inflation Reduction Act (IRA) is expected to affect the biopharmaceutical industry across multiple dimensions, including pricing, insurance coverage, innovation, and bodog sports betting app. Our experts are actively analyzing the IRA’s regulatory framework. They have published and testified before Congress on its likely effects and proposed updates to the law to mitigate its potential adverse effects.
Our staff and experts draw on their extensive knowledge of biopharmaceutical and medical device markets to estimate lost profits, reasonable royalties, and the value of innovative technologies in patent infringement and trade secret matters. Attorneys and companies also engage us in Hatch-Waxman bodog sports betting app, bodog sports betting app involving biosimilars, and inter partes reviews to assess commercial success and irreparable harm.
In securities litigation, clients draw on our expertise in finance, accounting, bodog sports betting app, marketing, and biostatistics, along with our knowledge of the complex institutional, regulatory, and market forces that shape the life sciences industry. In addition to supporting experts addressing class certification, loss causation, and damages, we have supported experts retained to educate finders of fact on such topics as:
- Clinical trial protocols and data analysis
- Drug development and the FDA approval process
- Payment flows in bodog sports betting app markets
- The role of intermediaries such as drug wholesalers, pharmacies, hospitals, and PBMs
- Brand and generic drug pricing and reimbursement
- bodog sports betting app marketing and its regulation
Cornerstone bodog sports betting app staff and experts bring deep industry insights and data analytics capabilities to complex healthcare and life sciences matters.
Our experience includes economic analyses of issues related to access and use of patient data, and the application of machine learning algorithms for drug discovery, disease diagnosis, and insurance decisions.
Featured Cases
Selected Professionals
Our staff consultants contribute expertise in bodog sports betting app, finance, accounting, and marketing, as well as business acumen, familiarity with the litigation process, and a commitment to provide outstanding support.
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For more information or assistance with a specific matter, please contact us.