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NEWS STORY

UK government seeking price cuts of up to 20% for some drugs

20/06/2013

The UK government is consulting on proposals to cut prices of some branded drugs by up to 20%, which could also affect negotiations on a new voluntary agreement covering other branded drugs, according to a Thursday announcement.

The Department of Health said it was consulting on a new statutory pricing scheme for branded drugs not covered by the voluntary Pharmaceutical Price Regulation Scheme (PPRS), which caps pharma profits based partly on local R&D spend and is being renegotiated with the industry's trade body.

The proposals, which according to the Association of the British Pharmaceutical Industry (ABPI) estimates will apply to around 10% of UK medicines, do not cover generics or unprescribed branded products available over the counter.

According to the DoH, the suggested price cuts for branded medicines covered by the statutory scheme used for non-PPRS members will be either 10%, 15%, or 20%.

The new scheme is due to come into force on January 1, the same time as the new PPRS and the proposed value-based pricing scheme for new drugs.

Source: http://www.apmhealtheurope.com


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