Summary
Branded Health Service Medicines (Costs) (Amendment) Regulations 2023 Lord Hunt of Kings Heath moved that this House regrets that the Branded Health Service Medicines (Costs) (Amendment) Regulations 2023 (SI 2023/239) propose a 27.5 per cent claw back rate which significantly exceeds that required by comparable countries, and which risks seriously damaging future investment in the research and development (R&D) of new drugs in the United Kingdom for the NHS, investment in the life sciences more generally, and the manufacture of branded medicines and their availability to the NHS; further regrets the short and insufficient consultation period for these measures of just 39 days over the Christmas period; and notes with concern that the UK's share of global pharmaceutical R&D has fallen by over one-third between 2012 and 2020, and that the UK’s medicine production volumes, clinical trial delivery, and global share of new medicine launches have also all declined in recent years. After debate, the motion was withdrawn.
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Main Member
Lord Hunt of Kings Heath
Labour
Life peer