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EU Agrees Brexit Transition Period – But What Does It Mean For Pharma And The Regulators?

 
• By Ian Schofield

The EU has agreed to a Brexit transition period and adopted guidelines on its talks with the UK on their future relationship. But while the political agreement on the transition will give the life sciences industry some certainty, it is not yet a done deal and the regulatory implications are still unclear. 

Highway
Agreement has been reached on the Brexit transition deal, but gaps remain.

On March 23, the European Council kicked off a new phase of the Brexit talks by endorsing a transition period that will run from the end of March 2019 to the end of 2020, during which current rules and regulations, including those governing the life sciences sector, would remain as they are, but with the UK excluded from EU decision-making bodies. The council also adopted guidelines on the forthcoming negotiations on the future trading relationship between the UK and the EU.

Industry gave a guarded welcome to the deal on a transition period, which if implemented would allow firms more time to adjust to the new realities after March next year....

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