More Execs Speak Out Over Risks Of UK Voluntary Pricing Scheme For Life Sciences

In 2022, a total of five companies chose to exit the UK’s voluntary scheme that manages branded medicines spending. The departure of two big firms – AbbVie and Lilly – is seen as a deliberate tactic to send a clear signal to government that the scheme is not working for industry and is jeopardizing investment and access to medicines in the UK.

Different pills and tablets on flag of United Kingdom.
The VPAS is one of two schemes governing UK medicines spending • Source: Shutterstock

More executives from the pharmaceutical and health care sector have been expressing their frustration with the UK’s voluntary pricing and access scheme (VPAS) and what they see as the risk it poses to life sciences investment in the UK. 

This follows the decision by two large US-based firms, Eli Lilly and AbbVie to leave the VPAS, blaming the high repayment rates this year and claiming the scheme is discouraging investment and innovation

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