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EU Health Data Project: More Use Of Real-World Evidence In Price Negotiations

 
• By Ian Schofield

The proposed European Health Data Space is expected to boost innovation in preventing, diagnosing and treating disease and to support the long-term competitiveness of the EU’s medical sector. The pharmaceutical industry has broadly welcomed the move but wants to see certain safeguards and guarantees put in place.

Data synchronization of health book between smartwatch and smartphone in male hands
Use of health data is growing in Europe • Source: Shutterstock

EU proposals to greatly increase access to health data and the use of real-world evidence in EU policy making could allow the prices of drugs for cancer, diabetes and other diseases to be renegotiated “based on the observed real-world effects,” according to the European Commission.

“According to experts consulted, in a medium-sized EU country, a 5% saving from re-negotiating the prices in drug cost in oncology, diabetes, cardiovascular, respiratory/neurology could result in an annual saving of €50m

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