The new NICE threshold will be \u00a325,000 to \u00a335,000 per quality adjusted life year gained over and above current treatments. <\/p>\n
The U.K. government said the two tweaks together will raise long-term NHS drugs spending by about 25 percent, but exact details haven\u2019t yet been set out. No. 10 said funding will come from allocations already made at the spending review \u2014 indicating the Department of Health and Social Care could be saddled with the costs \u2014 but \u201cfrontline\u201d services will be protected.<\/p>\n
In exchange, the administration 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. Business and Trade Secretary Peter Kyle said: \u201cThis deal guarantees that UK pharmaceutical exports \u2013 worth at least \u00a35 billion a year – will enter the US tariff free, protecting jobs, boosting investment and paving the way for the UK to become a global hub for life sciences.<\/p>\n
\u201cWe will continue to build on the UK-US Economic Prosperity Deal, and the record-breaking investments we secured during the US State Visit, to create jobs and raise living standards as part of our Plan for Change.\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","protected":false},"excerpt":{"rendered":"The new NICE threshold will be \u00a325,000 to \u00a335,000 per quality adjusted life year gained over and above…\n","protected":false},"author":2,"featured_media":324494,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[904,10071,12,89025,192,97,252,253,105,7263,7380,21450,956,1728,759,1049],"class_list":["post-324493","post","type-post","status-publish","format-standard","has-post-thumbnail","category-health-care","tag-benchmarks","tag-department","tag-donald-trump","tag-dumping-duties","tag-environment","tag-health","tag-health-care","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\/us\/wp-json\/wp\/v2\/posts\/324493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=324493"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/324493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/324494"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=324493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=324493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=324493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}