Brexit impact on UK pharma industry a moveable feast, industry experts tell CPHI Discover
The UK’s withdrawal from the European Union has meant the pharmaceutical industry has had to adapt to some monumental changes in terms of research, regulatory affairs, and trade. In this CPHI Webinar, three industry experts discussed what the future may hold for UK pharma in a post-Brexit world
It will take a long time to fully assess the impact and implications of the UK’s decision to leave the European Union on the country’s pharmaceutical industry, because Brexit should be viewed as a lengthy process rather than an isolated event, experts speaking at a CPHI Discover webinar on Tuesday.
Framing the discussion in the session, Beyond Brexit – The Future of British Pharma, Virginia Acha, Associate Vice President & Global Lead, Global Regulatory Policy, MSD said much has been learned since the first days of Brexit.
“Critically, we were talking about and expecting Brexit as an event but it’s not an event, it’s a process and going way beyond the actual Brexit date itself and this is why we need to be as focused now as we ever were about how we reposition the UK in the international landscape,” she told the audience.
She said that whereas in the first years since the Brexit referendum, the focus used to be on what the country was leaving, “now the direction of our work needs to be towards where we’re going, what ambitions do we have, both in terms of regulatory policy setting and more generally, for healthcare and patients in the UK.”
“We also need to be aware that while we were busy in the UK and Europe managing the Brexit process, regulatory science has moved on and some of the examples around real world evidence and genomics really show where that pressure has been and where the opportunities are now to reposition,” Ms Acha said.
Peter Gough, Vice President, Pharmaceutical Services at NSF International said that since Brexit, the UK had chosen to place itself as a third country outside all the European institutions including the EU, the customs union and the EEA: “We’re sitting there in splendid isolation, outside everything, which provides opportunities and challenges.”
He told the webinar it was important to note that the Northern Ireland protocol effectively means that Northern Ireland remains in the European system and therefore most pharmaceutical regulatory changes only apply to Great Britain.
“From next year, we’re going to face the challenge of how do we actually get product from Great Britain into Northern Ireland because effectively, that will be exporting to the EU and will require retesting om importation and re-QP certification,” he said.
Providing a clinical research perspective, Angela Macfarlane, Senior Market Development Director UK & Ireland, IQVIA said she was “cautiously optimistic” that there would be a fresh start for global pharma investment in the UK, listing initiatives such as the transformation of the UK clinical research ecosystem, realising the promise of precision medicine via the UK’s genomics strategy, accelerating license and HTA approvals and the Innovative Medicines Fund.
Ms Macfarlane said the global coronavirus pandemic had been a catalyst for life science cooperation and that was one of the real defining features of how UK industry, the country’s National Health Service, government and regulatory agencies really came together to work at pace and scale to discover COVID treatments and vaccines.
“That earning has now been embedded into policy; collaboration is going to be the key to continuing to develop UK life sciences on a global stage,” she added.
She cited National Institute for Health Research data which showed end to end approval times at UK regulator, the Medicines and Healthcare products Regulatory Agency (MHRA), including the time for applicants to respond, had shortened from an average 8-8.5 days depending on the study type, compared to more than 80 days pre-COVID.
This webinar will be available on demand from 31 May. In the meantime, for details on how to register for this ongoing virtual event, head to the CPHI Discover website
Related News
-
News US BIOSECURE Act passed by US House of Representatives
The controversial act, which has already impacted several foreign companies operating in the US, was passed by the House of Representatives on September 9, 2024. It is now headed for the US Senate before it can be signed into law by President Joe Biden... -
News Pharma Supply Chain People Moves
The latest appointments, promotions, and structural changes across the pharmaceutical supply chain. -
News Drug prices agreed upon as part of the US Inflation Reduction Act
The Inflation Reduction Act brought into constitution by the Biden administation in 2022, which proposed a drug price negotiation between the government and pharmaceutical companies, has reached it's first agreement. -
News BIOSECURE Act continues to loom over Chinese pharma manufacturers
With the US BIOSECURE Act on its way to passing into legislation, Chinese companies are facing declining revenues within the first half of 2024 as US pharmaceutical and healthcare companies pull their businesses from the country. -
News Ophthalmologic drug product Eylea faces biosimilar threats after FDA approvals
Regeneron Pharmaceutical’s blockbuster ophthalmology drug Eylea is facing biosimilar competition as the US FDA approves Biocon’s Yesafili and Samsung Bioepis/Biogen’s Opuviz. -
News ONO Pharmaceutical expands oncology portfolio with acquisition of Deciphera
ONO Pharmaceutical, out of Japan, is in the process of acquiring cancer-therapy maker Deciphera Pharmaceuticals for US$2.4 billion. -
News First offers for pharma from Medicare drug price negotiations
Ten high-cost drugs from various pharma manufacturers are in pricing negotiations in a first-ever for the US Medicare program. President Biden’s administration stated they have responded to the first round of offers. -
News Eli Lilly’s Zepbound makes leaps and bounds in weight-loss drug market
In the last week, Eli Lilly has announced their partnership with Amazon.com’s pharmacy unit to deliver prescriptions of Zepbound. Zepbound has also surpassed Novo Nordisk’s Wegovy for the number of prescriptions for the week of March 8.&nbs...
Position your company at the heart of the global Pharma industry with a CPHI Online membership
-
Your products and solutions visible to thousands of visitors within the largest Pharma marketplace
-
Generate high-quality, engaged leads for your business, all year round
-
Promote your business as the industry’s thought-leader by hosting your reports, brochures and videos within your profile
-
Your company’s profile boosted at all participating CPHI events
-
An easy-to-use platform with a detailed dashboard showing your leads and performance