In a key note speech to the Association of the British Pharmaceutical Industry’s annual conference today, Director of Value and Access, Paul Catchpole, will welcome the Government’s broader definition of value, but caution that the devil is in the detail.
Mr Catchpole will tell delegates that the ABPI and industry stand poised to work with the Government with the shared aim of increasing patient access to innovative new medicines but that in order for it to be workable, we need a single system that covers new medicines launched after 1 January 2014 and those already on the market.
He will say that the UK is unique among western nations in the structure of both its national health service and its medicines reimbursement system which has evolved to ensure it remains contemporary and addresses the changing needs of Government and industry.
But he will add a note of caution, stressing that:
Mr Catchpole will say that in order to incentivise innovation, a better understanding of how pharmaceutical innovation works is needed. He will say:
He will tell the ABPI conference that industry is optimistic, VBP is an opportunity, but it is not without risks and challenges, which cannot be ignored.
Paul Catchpole is speaking at the ABPI Annual Conference at Lancaster London, Lancaster Terrace W2 2TY at 15:30 on Wednesday 25 May.
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