British pharmaceutical deal with the US underway

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British pharmaceutical deal with the US underway
Photo: Oded Balilty AP/TT

The UK is expected to present a deal with the Trump administration on duty-free pharmaceutical exports to the US, Bloomberg reports.

The agreement that is underway also includes reduced discounts that drug manufacturers are forced to accept in a system applied by the British NHS medicines authority.

According to the news agency, the settlement will be presented on Monday evening.

Britain – where, among other things, Swedish-British Astra Zeneca is located – has, according to Bloomberg's anonymous sources, agreed to set a cap on discounts of 15 percent, down from the current cap of 23 percent.

A trade barrier in the form of a threshold for what is considered a cost-effective medicine will simultaneously be lifted by around 25 percent.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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