Britain's drugs industry is suffering withdrawal symptoms, and it could prove costly

Britain's drugs industry is suffering withdrawal symptoms, and it could prove costly

Donald Trump's state visit will highlight pressure on the government to pay more for medicines or risk losing pharmaceutical investments.

Britain's drugs industry is suffering withdrawal symptoms, and it coul

When it comes to the drugs industry, Britain is suffering withdrawal symptoms. This year, three of the world’s biggest pharmaceutical companies – Merck, AstraZeneca, and Eli Lilly – have pulled or paused UK investments worth almost £2bn, diagnosing that market conditions, specifically the NHS drugs pricing regime, make the UK a “contagion risk”. The issue will be highlighted this week as Donald Trump begins his state visit, with executives calle…

Britain's Drugs Industry Is Suffering Withdrawal Symptoms, And It Could Prove Costly - Great Yorkshire Radio

This year, three of the world’s biggest pharmaceutical companies – Merck, AstraZeneca, and Eli Lilly – have pulled or paused UK investments worth almost £2bn, diagnosing that market conditions, specifically the NHS drugs pricing regime, make the UK a “contagion risk”. The issue will be highlighted this week as Donald Trump begins his state visit, with executives called to give evidence to a parliamentary select committee on Tuesday, along with s…