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The Latest Pharma Jobs, News and Events today | 29 March 2015

New report recognises the potential of the UK’s influence in reengineering medicines

A new report published by the ABPI and Vermilion Life Sciences this week identifies a number of stakeholder issues and proposed actions for the UK in reengineering medicines development.

The report, Reengineering medicines development: Summary output of a stakeholder roundtable on cost-effective development of affordable innovative medicines is the output of a roundtable event on reengineering medicines development held on 4 March which reviewed proposals from Reengineering medicines development: A stakeholder discussion document for cost-effective development of affordable innovative medicines. Multiple stakeholders including regulatory agencies, Health Technology Assessment (HTA) bodies, patient groups, clinicians, academia and pharmaceutical companies discussed challenges in affordability and duration of medicines development, that lead to delays in access due to cost-effectiveness concerns, and ways to overcome these....

The post-event report recognises that the UK, as part of Europe, is a key player in global development and can play an influential role in developing and adopting novel approaches towards a more sustainable model of medicines development. The opportunity exists to leverage technology that streamlines data collection and its use, build stakeholder partnerships based on greater mutual understanding, and utilise adaptive designs rather than solely relying on randomised controlled trials (RCTs) in order to address the existing challenges.

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