UK Pharma Takes Hope From Draft Brexit Deal But Uncertainty Reigns

The Brexit deal agreed by UK ministers brings little certainty for the life sciences sector.  Moreover, the related and unprecedented political instability means that its final approval is far from guaranteed. 

People's vote
The Brexit deal brings little certainty for life sciences and faces an uncertain future. • Source: Shutterstock

The announcement that a draft Brexit deal has been negotiated between the UK and the EU and agreed by the UK Cabinet was greeted with some relief by the life sciences industry as offering a degree of certainty for the sector, not least because of the proposed transition period in the agreement that would avoid a “cliff-edge” Brexit in March next year.

It is far from clear whether the draft agreement will in fact become the final deal, but Mike Thompson, CEO of the Association of the British Pharmaceutical Industry (ABPI), said a transition period would mean that “our members can

More from Legislation

More from Pink Sheet

Viatris Agrees To $335m Opioid Settlement Ending US State, Local Government Cases

 
• By 

Viatris joined Hikma and Amneal, in signing agreements for cash settlements that resolve allegations its practices fueled the US’ deadly opioid epidemic.

Pharma Predicts Modest Tariff Impact, Depending On What Comes Next

 

Drugmakers are not expecting a big financial hit from tariffs for now, but a report commissioned by the industry trade association PhRMA suggests a potentially steep cost for pharma-sector tariffs.

What The EMA Can Teach HTA Bodies About Joint Clinical Assessments

 

EU-level joint clinical assessments conducted under the Health Technology Assessment Regulation need to be more flexible when it comes to evidence requirements, according to experts speaking at a gene and cell therapy conference.