UK govt delays new PPRS cuts to February 2009; OFT "value-pricing" included in deal
A compromise arrangement has been reached between the UK government and the Association of the British Pharmaceutical Industry to delay price cuts from the newly-negotiated Pharmaceutical Price Regulation Scheme by one month. The Department of Health, in a statement, said the deal "means that more patients will benefit from a wider range of innovative drug treatments at a fair price to the National Health Service." Its objective is to cut the NHS' annual drug bill of about L11.0 billion ($16.50 billion).
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