A tussle over medicines pricing is looming in Britain
The pharmaceutical industry knows the feeling. The chief executive of Bristol Myers Squibb said last week he had a “significant concern” about the rising costs of a medicines levy, agreed between government and industry to cap the health service drugs bill from 2019. The scheme, welcomed at the time by the sector as pro-innovation, has ballooned in cost, in a way that the pharma industry says hurts investment.
