12 November 2019 - A Labour peer has spoken out against the idea of a nationalised drugs industry, saying that proposals for a state-funded drugs company such as that favoured by Jeremy Corbyn would “not be the right model” for bringing down drug prices.

Lord Drayson’s comments seem to place him in opposition to Labour leader Jeremy Corbyn, who in September told the party’s annual conference that he favours a state-funded generics firm, that would make life-saving medicines available for all.

Corbyn also said that private drugs firms should be required to keep prices down as a condition of receiving public funding for research.

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