Duty to have regard to the life sciences sector and access to new medicines and treatments

Part of Health Service Medical Supplies (Costs) Bill (Programme) (No. 2) – in the House of Commons at 4:29 pm on 15th March 2017.

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Photo of John Redwood John Redwood Conservative, Wokingham 4:29 pm, 15th March 2017

One problem in coming to a fair price for a new drug—we want to reward the company for its innovation, but without being ripped off—is knowing what kind of production run or demand there might be for it. Is there any way that the NHS could get better at forecasting what its volume might be, as that might drive the price down?