Pretty much what Insider had predicted!
Big Pharma UK will see £500m knocked off its income from the Government under the terms of a revised Pharmaceutical Price Regulation Scheme (PPRS).
The industry and the Department of Health yesterday announced that they had agreed a 5%price cut on drugs sold to the NHS, and a further 2% fall if the health service's £11bn drug bill rises by more than 6.7% per year.
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