American pharmaceutical companies will pull out of Britain unless the country pays more for its medicines, the US ambassador to the UK has warned.
In a speech in London, Warren Stephens said the amount paid by the NHS for drugs was one of the main areas of concern facing relations between the UK and the US.
“If there are not changes made and fast, pharma businesses will not only cancel future investments, they will shut down their facilities in the UK,” he told a lunch in London on Wednesday hosted by the BritishAmerican Business trade association. “This would be a major blow to a country that prides itself, rightly so, on its life sciences sector.”
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