These companies are effectively holding the NHS to ransom with their demands for higher profits. This is completely unjustifiable at a time when the rest of society is facing a cost-of-living crisis.
In 2021-2022, the cost of medicines and medical devices in England increased by more than 8%, the biggest rise in at least five years. And if it succeeds in diluting the deal, big pharma will have every incentive to raise prices of new drugs even higher in future.
Pharmaceutical companies are already some of the most profitable in the world, boasting greater profit margins than even the finance or energy industries. Research by the British Medical Journal has revealed that even if drug companies lost a fifth of their profits, they would still outperform 75% of other sectors.
Can you tell the health secretary to refuse to cave in to big pharma’s outrageous demands, and instead insist on a good deal for the NHS?
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