Labour's policy for the pharma industry

PharmaTimes | December 10, 2019

Labour's policy for the pharma industry
The Labour Party’s election manifesto presents something of a mixed bag for pharmaceutical companies. In broad terms, the party’s pledge to increase total R&D expenditure to 3% of GDP by 2030 (compared to 1.69% in 2017) should mean more funding is available for cutting-edge research. Labour wants the NHS to be at the forefront of developments in the fields of genomics and cell therapies, suggesting some of this funding may be targeted at those specialisms. The Party has also expressed its support for the prescribing of medicinal cannabis, where clinically appropriate. However, other aspects of the manifesto will concern both originator companies and generic manufactures.

Spotlight

Tabuk Pharmaceuticals develops, manufactures, markets and distributes branded generic pharmaceuticals and under-licensed products globally, with a strong focus on the Middle East and North Africa region. Since its foundation in 1994, Tabuk has passed several milestones in its journey towards becoming a successful player in the global branded generics pharmaceutical industry.

Spotlight

Tabuk Pharmaceuticals develops, manufactures, markets and distributes branded generic pharmaceuticals and under-licensed products globally, with a strong focus on the Middle East and North Africa region. Since its foundation in 1994, Tabuk has passed several milestones in its journey towards becoming a successful player in the global branded generics pharmaceutical industry.

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