"price increases are going to be a necessary part"
"Where the additional money would come from to pay higher prices is a matter for the department of health and the Treasury to figure out,"
"We must end up with a deal of some sort... because it's in the interest of the economy, it's in the interest of patients."
"a live conversation between government departments and the pharma industry"
NHS medicine prices will need to rise to stop a wave of pharmaceutical investment leaving the UK. Several major drug companies have paused or scrapped UK projects, citing low prices for new drugs, insufficient government investment, and tariff pressure from the United States. Government departments and the pharma industry are engaged in negotiations over drug pricing with the aim of securing deals that protect manufacturing, research, and patient access. Moderna is investing more than £1bn in UK research and development and has opened a vaccine manufacturing centre, while other firms have cancelled or paused multi‑hundred‑million‑pound projects. The source of additional funding to cover higher prices remains a matter for the health department and the Treasury to determine.
Read at www.bbc.com
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