Health: Branded Medicines Pricing

Department of Health and Social Care written statement – made on 5th December 2018.

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Photo of Lord O'Shaughnessy Lord O'Shaughnessy The Parliamentary Under-Secretary for Health and Social Care

Further to my written ministerial statement of Friday 23rd November, I am pleased to announce that final agreement has been reached on the 2019 Voluntary Scheme for Branded Medicines Pricing and Access between the Department of Health and Social Care, on behalf of the UK Government representing the Governments of Scotland, Wales and Northern Ireland, and the Association of the British Pharmaceutical Industry.

The scheme terms are detailed in the documentation for the agreement, a copy of which has been deposited in the library. The 2019 Voluntary Scheme has now been agreed by all parties, and will commence on 1 January 2019 for a period of five years.

This statement has also been made in the House of Commons: HCWS1144