Written statement on Health: Branded Medicines Pricing - Dec 5

Steve Brine (Parliamentary Under Secretary of State for Public Health and Primary Care): My hon. Friend the Parliamentary Under Secretary of State for Health (Lords) (Lord O'Shaughnessy) has made the following written statement:

Further to my written ministerial statement of Friday 23rd November, I am pleased to announce that final agreement has been reached on the 2019 Voluntary Scheme for Branded Medicines Pricing and Access between the Department of Health and Social Care, on behalf of the UK Government representing the Governments of Scotland, Wales and Northern Ireland, and the Association of the British Pharmaceutical Industry.

The scheme terms are detailed in the documentation for the agreement, a copy of which has been deposited in the library. The 2019 Voluntary Scheme has now been agreed by all parties, and will commence on 1 January 2019 for a period of five years.