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UK Firms Given More Time To Submit Sales Data Under New Price Scheme

 
• By Leela Barham

It appears that the complexity of dealing with older products under the VPAG is the main cause of delays at the health department in sharing reference prices with pharma companies.

Pile of different colouful pills placed around two british pound coins
The UK's new drug pricing scheme is facing some challenges • Source: Shutterstock

The Department of Health and Social Care has had to extend the deadline for pharmaceutical companies to submit product sales data because of delays in sharing reference prices with companies that have older branded medicines in their portfolios.

Reference prices are needed to determine the degree of price erosion of older products and to work out the paybacks to the government that companies must make on sales of those products under the UK’s new pricing scheme, the voluntary scheme for branded medicines

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