UK urges pharma companies to invest after reaching drug pricing deal with US
Accord will result in higher medicines spending in Britain in exchange for exemption from threatened Trump tariffs
Accord will result in higher medicines spending in Britain in exchange for exemption from threatened Trump tariffs

UK government will make it easier for drugs to be approved for use in order to secure carve-out from import levies

Tariff deals with the US have bought time but investment momentum is elsewhere

Ambassador’s meeting with chancellor Rachel Reeves came days before AstraZeneca and Merck paused projects in Britain

Move is latest broadside by Trump administration against pharmaceuticals industry that fought to derail changes

Levies of 100% on certain medicines would implement threats Trump made last year

Cheaper generics will be allowed on to market a year earlier to curb costs