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The vast majority of branded medicines already on the market before 2014 will be covered by the successor arrangements to the current Pharmaceutical Price Regulation Scheme. This is in line with the proposals set out in the consultation, A new value-based approach to the pricing of branded medicines, which ran from December 2010 to March 2011, and the Government’s response, published in July 2011. We are, however, still considering the possibility of a small number of existing drugs being assessed under value-based pricing on a case-by-case basis.
The National Institute for Health and Care Excellence will continue to keep its published guidance under review in order to take account of the latest available evidence.