International pricing markets
We were interested in how the UK's decision to leave the European Union would impact on pricing in the UK and Scotland of medicines.
Warwick Smith, Director General, British Generic Manufacturers Association (BGMA) was supportive of the regulatory landscape in the UK, which he said allowed the market to thrive, emphasising the importance of market forces in maintaining attractive prices when compared with more interventionist regimes in the rest of Europe.iHealth and Sport Committee, Official Report, 21 January 2020, Col 22
While Elizabeth Woodeson, Director of Medicines and Pharmacy, Department of Health and Social Care, saidiHealth and Sport Committee, Official Report, 21 January 2020, Col 19 the UK Government had been clear the price of medicines would not be an issue for discussion in future trade negotiations, there was concerniHealth and Sport Committee, Official Report, 21 January 2020, Col 35 about potential regulatory or licensing provisions which could be part of trade negotiations with the United States of America.