RE: Pricing of new medicines in the UK14 Apr 2021 01:22
Thanks WD. This represents the change from the previous PPRS (pharmaceutical price regulation scheme) to the current system that is a form of value based pricing. Basically, as I understand it, some of the elements of PPRS continue to be in place, rewarding all the spent money getting the new drug to market etc. However the value--based pricing element says that if NICE would not give you a positive finding at that price you can't charge it. It makes the way forward more complex in the UK but does not have any impact in the US or elsewhere.
Still worth pursuing the UK and Synairgen will certainly be doing so as we are a country that treats everyone, not just the affluent. Once registered, the system looks manageable. And remember COVID has chucked out the previous "rule-books" in many many regards. Vaccine approval in 11 months not average 10 years. That needed expedited ethics/funding/trials/approvals. A whole new world, so a lot of latitude would be granted for a useful therapeutic in many jurisdictions IMO, including the UK