Friday, August 3, 2012

Drug price negotiations to begin next month

LONDON (Reuters) - The British government and the pharmaceutical industry will start negotiations next month on a new framework for pricing drugs that is due to take effect from 2014, the two sides said on Friday. Health minister Andrew Lansley has championed a shift to "value-based pricing", raising concerns among drug companies that the government will end up setting prices for medicines based on a rigid assessment system. The industry fears that may not reward incremental innovations, stifling the uptake of new drugs. ... Read more

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