Prices Could Be Slashed Under U.K.’s New Drug-Pricing Scheme

Prices may decrease, but at least wider societal benefits are to be included in NICE’s assessment in the U.K.’s new value-based pricing (VBP) scheme for new pharmaceuticals, a change long demanded by critics of the health technology assessment body.

The U.K. looks set to cut the prices of marketed branded drugs by between 10% and 20% at the start of 2014 as part of an overhaul of its national drug-pricing system.

The government also will close a loophole that has prevented the cost of marketed hospital drugs from declining as much as they should, and has underscored the key role of...

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