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  • Brexit threatens supply of new drugs, report warns
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Brexit threatens supply of new drugs, report warns

British patients could end up not being able to access modern medicines if there is a "hard Brexit", a think tank report endorsed by a former Conservative health minister warned on Wednesday. Drugmakers currently use the European Medicines Agency as a one-stop-shop to get drugs licensed across Europe, but Britain is likely to drop out of that system if it severs EU ties and leaves the single market in a scenario dubbed "hard Brexit". "The result of 'hard Brexit' would not only be a sick economy but sick patients unable to access a cure." Being cut off from the European system could put British patients at the back of the queue for new medicines because applications for new licences from Europe - currently a market of at least 500 million people - would take priority over the much smaller UK market with its population of 65 million.
contributor November 2, 2016

British patients could end up not being able to access modern medicines if there is a “hard Brexit”, a think tank report endorsed by a former Conservative health minister warned on Wednesday. Drugmakers currently use the European Medicines Agency as a one-stop-shop to get drugs licensed across Europe, but Britain is likely to drop out of that system if it severs EU ties and leaves the single market in a scenario dubbed “hard Brexit”. “The result of 'hard Brexit' would not only be a sick economy but sick patients unable to access a cure.” Being cut off from the European system could put British patients at the back of the queue for new medicines because applications for new licences from Europe – currently a market of at least 500 million people – would take priority over the much smaller UK market with its population of 65 million.

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Brexit threatens supply of new drugs, report warns

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