The NICE threshold will rise to \u00a325,000 to \u00a335,000 for every quality adjusted life year.<\/p>\n
In return for the changes, the White House will grant an exemption for U.K.-made pharmaceuticals, ingredients and medical technology from U.S. tariffs for the remainder of President Donald Trump\u2019s term.\u00a0<\/p>\n
U.K. Science Secretary Liz Kendall said the deal \u201cwill ensure UK patients get the cutting-edge medicines they need sooner, and our world-leading UK firms keep developing the treatments that can change lives.\u201d<\/p>\n
U.S. Commerce Secretary Howard Lutnick claimed the deal as a \u201cmajor win\u201d for American workers, adding: \u201cWe are strengthening supply chains, creating high-quality jobs, and reinforcing America as the world\u2019s premier hub for life-sciences investment.\u201d<\/p>\n
The breakthrough comes after months of back-and-forth between both sides, with the sector not covered in the Economic Prosperity Deal and Washington demanding a \u201cpreferential environment\u201d to lift the threat of steep import duties. The administration had threatened to impose up to 100 percent tariffs on drugs.\u00a0<\/p>\n
In July, the President issued a letter to 17 drugmakers, demanding they offer their drugs to Medicaid at most-favored-nation prices, prices tied to lower prices abroad, and shift manufacturing to U.S. soil.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The NICE threshold will rise to \u00a325,000 to \u00a335,000 for every quality adjusted life year. In return for…\n","protected":false},"author":2,"featured_media":321824,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[64,63,234,1786,2490,89579,75,137,500,18466,1695,22137,10557,53389,337,4688,3586],"class_list":["post-321823","post","type-post","status-publish","format-standard","has-post-thumbnail","category-healthcare","tag-au","tag-australia","tag-benchmarks","tag-department","tag-donald-trump","tag-dumping-duties","tag-environment","tag-health","tag-healthcare","tag-imports","tag-industry","tag-negotiations","tag-patients","tag-pharma","tag-research","tag-tariffs","tag-united-kingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/321823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=321823"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/321823\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/321824"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=321823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=321823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=321823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}