HomeNewsU.S. pharma companies withdraw from UK government pricing deal in protest

U.S. pharma companies withdraw from UK government pricing deal in protest


Hannah Kuhler reports from London

U.S. drugmakers AbbVie and Eli Lilly have become the first pharmaceutical groups to pull out of a pricing agreement with the British government in protest of a sharp increase in the UK’s levy on brand-name drugs.

Lilly, known for its diabetes drugs, said the levy – now accounting for more than a quarter of the pharmaceutical industry’s UK revenue – had a “punitive” effect on innovation and left the UK behind other major countries. AbbVie, maker of Humira, one of the world’s best-selling drugs, has warned that the levy mechanism is affecting its ability to operate in the UK. <...

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