A newly-revealed rebate rate that will apply to UK branded generics and biosimilars suppliers in 2023 threatens to push products out of the market by making them unprofitable, the British Generic Manufacturers Association has warned, raising the potential for shortages, higher prices due to reduced competition, and a reduction in new launches in the UK market.
Latest UK Rebate Rate Pushes Profit Out Of Portfolios
BGMA ‘Gravely Concerned’ As Government Announces That 2023 VPAS Rate Will Be 26.5%
The UK government’s announcement of a 26.5% VPAS rate for 2023 “will make some products lossmaking,” the BGMA has cautioned, expressing serious concerns for the branded generics and biosimilars sector as it points to the risk of shortages, higher prices and fewer launches in the UK.
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