UK Announces New Five-Year Voluntary Drug Pricing Deal
The VPAG includes a gradual rise in allowable branded medicine sales to the NHS and differentiated payment mechanisms for older and newer products. Industry will also commit to invest £400m in “pioneering” clinical trials, innovative manufacturing, and novel approaches to health technology assessments.
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The scheme still includes high rebate rates, but a controversial life cycle adjustment mechanism has been dropped.
Generics Bulletin previews the most noteworthy and anticipated events for December 2023.
An updated UK PharmaScan platform is to be delivered within the first three years of the new voluntary drug pricing scheme, with companies agreeing to provide “timely, accurate and comprehensive information” for all their medicines in development.