The UK’s Department of Health (DoH) has launched a consultation to strengthen the statutory pharmaceutical pricing scheme, which covers the prices the National Health Service (NHS) pays for brand-name drugs not covered by the voluntary Pharmaceutical Price Regulation Scheme (PPRS). The consultation is seeking views on a price cut on drug prices of between 10% and 20% to ensure the NHS continues to get good value for money.
UK plans to cut drug prices by up to 20%
Home/Pharma News | Posted 05/07/2013 0 Post your comment
The statutory scheme will apply to the 10% of brand-name medicines used in the UK which are not covered by PPRS and are part of government plans to save GBP 11.5 billion in the 2015–16 spending year.
The UK’s NHS already gets good value for money via the voluntary pricing agreement between DoH and the pharmaceutical industry for medicines that are part of PPRS [1], but it wants to ensure that medicines that fall outside of this scheme are also providing good value for money.
Health Minister Lord Howe wants ‘to make sure we get the best possible outcomes for all NHS patients with the resources we have. He added that ‘we cannot simply spend more and more on drugs’ as this would result in spending cuts having to be made elsewhere in the UK’s health service.
The announcement from DoH came in the wake of news that some pharmaceutical firms appear to have inflated prices for prescription drugs not covered by PPRS. Pharma firms have allegedly invoiced chemists for drugs at up to double their actual cost, with chemists then sending inflated invoices to the NHS, and pocketing the difference. The news has been described as ‘deeply concerning’ by Health Secretary Jeremy Hunt and highlights the need for control of prices for drugs that fall outside of PPRS.
Reference
1. GaBI Online - Generics and Biosimilars Initiative. UK gets value for money for its medicines [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2013 Jul 5]. Available from: www.gabionline.net/Reports/UK-gets-value-for-money-for-its-medicines
Permission granted to reproduce for personal and non-commercial use only. All other reproduction, copy or reprinting of all or part of any ‘Content’ found on this website is strictly prohibited without the prior consent of the publisher. Contact the publisher to obtain permission before redistributing.
Copyright – Unless otherwise stated all contents of this website are © 2013 Pro Pharma Communications International. All Rights Reserved.
Source: ABPI, DoH, The Telegraph
Guidelines
Regulatory update for post-registration of biological products in Brazil
New regulations in Brazil for the registration of biosimilars
Policies & Legislation
NPRA Malaysia trials new timelines for variation applications
Regulatory evolution and impact of simplified requirements for interchangeable biosimilars in the US
Most viewed articles
The best selling biotechnology drugs of 2008: the next biosimilars targets
Global biosimilars guideline development – EGA’s perspective
Related content
Meitheal expands portfolio with three biosimilars through exclusive US licensing agreement
EMS proposes merger with Hypera to form Brazil's largest drugmaker
Bio-Thera and Gedeon Richter partner to commercialize Stelara biosimilar BAT2206
Advances for Biocon Biologics’ Stelara and Eylea biosimilars
Comments (0)
Post your comment