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NHS: Drugs

Volume 457: debated on Tuesday 6 March 2007

To ask the Secretary of State for Health what plans she has to reduce the cost of drugs to the NHS. (123016)

It is important that we have fair prices which give value for money to the taxpayer. The 2005 pharmaceutical price regulation scheme included a 7 per cent, price reduction for branded prescription medicines, which will save the national health service more than £1.8 billion over the five year agreement. We have also reduced the prices of generics by £1 billion over the last four years. However, we also recognise the importance of the pharmaceutical industry to health care and the development of medical advances and it is in all of our interests to encourage research and reward innovation.