Posted by Michael Wonder on 16 Jan 2023
AbbVie and Eli Lilly, two of the world’s largest pharmaceutical companies, have sent a warning signal to the UK government by leaving the voluntary medicines pricing agreement in protest over increasingly punitive revenue clawbacks
16 January 2023 - AbbVie and Lilly have left the UK’s Voluntary Scheme for Branded Medicines Pricing and Access, a long-standing agreement between Government and industry with roots going back to the foundation of the NHS.
As a result, the companies will come under the alternative Statutory Scheme for Branded Medicines which is imposed by Government through law, not via negotiation, demonstrating the depth of feeling that the current Voluntary Scheme is damaging the UK life sciences industry.
