The UK Pharma Crisis: A Perfect Storm of Uncertainty
As the government prepares to announce a potential rethink on pricing NHS drugs, the pharma industry is bracing itself for a major shake-up. Chancellor Rachel Reeves has urged big pharmaceutical companies to invest more in Britain, hinting at an increase in the price paid by the NHS for these vital medicines.
The stakes are high, with nearly £2 billion worth of pharma projects scrapped or paused this year alone. More than 1,000 jobs hang in the balance as a result. The situation is further complicated by geopolitics, particularly Donald Trump's pressure on Merck and other firms to lower their US prices, which can be three times higher than those in the UK and Europe.
For patients, including Giles Lomax, chief executive of charity Spinal Muscular Atrophy (SMA), the uncertainty is alarming. "Patients will suffer" if the standoff continues, he warns. SMA type 2, a neuromuscular condition causing progressive muscle wasting and weakness, has seen one of its treatments – Zolgensma, an eye-watering £1.8m NHS list price – become increasingly inaccessible.
As the row rages on, experts like Janet Hemingway, professor of vector biology at Liverpool School of Tropical Medicine, are sounding the alarm about an "effectively broken market" for infectious disease treatments. With low prices pushing down costs to unsustainable levels, pharmaceutical companies have lost interest in researching and developing new antibiotics.
Meanwhile, a shadow looms over UK pharma itself. The industry's leaders fear that prolonged uncertainty could cause long-term damage – and ultimately harm patients. David Poolman, 22, a science graduate with ambitions to work in pharma after completing his PhD, is acutely aware of the challenges ahead: "It's not encouraging if companies are pulling out of the UK... the competition for PhD positions is just really high."
As the situation continues to unfold, one thing remains clear: the NHS needs access to affordable and effective treatments. The government must strike a balance between supporting the pharma industry while keeping patient access at the forefront of policy-making.
As the government prepares to announce a potential rethink on pricing NHS drugs, the pharma industry is bracing itself for a major shake-up. Chancellor Rachel Reeves has urged big pharmaceutical companies to invest more in Britain, hinting at an increase in the price paid by the NHS for these vital medicines.
The stakes are high, with nearly £2 billion worth of pharma projects scrapped or paused this year alone. More than 1,000 jobs hang in the balance as a result. The situation is further complicated by geopolitics, particularly Donald Trump's pressure on Merck and other firms to lower their US prices, which can be three times higher than those in the UK and Europe.
For patients, including Giles Lomax, chief executive of charity Spinal Muscular Atrophy (SMA), the uncertainty is alarming. "Patients will suffer" if the standoff continues, he warns. SMA type 2, a neuromuscular condition causing progressive muscle wasting and weakness, has seen one of its treatments – Zolgensma, an eye-watering £1.8m NHS list price – become increasingly inaccessible.
As the row rages on, experts like Janet Hemingway, professor of vector biology at Liverpool School of Tropical Medicine, are sounding the alarm about an "effectively broken market" for infectious disease treatments. With low prices pushing down costs to unsustainable levels, pharmaceutical companies have lost interest in researching and developing new antibiotics.
Meanwhile, a shadow looms over UK pharma itself. The industry's leaders fear that prolonged uncertainty could cause long-term damage – and ultimately harm patients. David Poolman, 22, a science graduate with ambitions to work in pharma after completing his PhD, is acutely aware of the challenges ahead: "It's not encouraging if companies are pulling out of the UK... the competition for PhD positions is just really high."
As the situation continues to unfold, one thing remains clear: the NHS needs access to affordable and effective treatments. The government must strike a balance between supporting the pharma industry while keeping patient access at the forefront of policy-making.