New deal cuts NHS drug prices by 7%
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A deal between the government and the pharmaceutical industry to cut branded drug prices by an overall 7% will save the NHS in Scotland Â£49m a year, the Scottish Executive said yesterday.
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Ten pharmaceutical companies said they were joining a program to cut the prices of prescription drugs for the uninsured.
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Share in healthcare conglomerate Australian Pharmaceutical Industries surged more than five per cent in early trade today after the company moved to boost its retail pharmacy operations by acquiring health, beauty and lifestyle retailer New Price Retail
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Swiss drugmaker Novartis said Thursday it plans to cut 2,500 jobs in a restructuring programme aimed at generating yearly cost savings of 1.6 billion dollars (1.1 billion euros).
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The Office of Fair Trading says the NHS could face higher costs after changes to the way drugs are distributed.
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The underlying problem is the cost of the drug, at over Â£1,000 for a one year course, compared to tamoxifen, which costs no more than Â£30 for a similar course of treatment, thus severely restricting the chance of free NHS prescriptions.
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Northern Irish drug maker Warner Chilcott Plc has received a bid approach worth 837 pence per share which values the company at 1.53 billion pounds ($2.
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The NHS strikes a deal with German company DHL to privatise the supplying of equipment to hospitals.
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Lab testing company Quest Diagnostics Inc.  on Tuesday said it will no longer be a contracted provider for insurer UnitedHealth Group Inc. , an agreement that had accounted for 7 percent of Quest's annual revenue.
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Scottish & Southern Energy (SSE) lowers the price of its gas and electricity for 7.5 million customers.
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GlaxoSmithKline Plc cut the prices on its range of HIV drugs offered to developing countries, marking the fifth such discount since 1997.
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Charging workersâ out-of-pocket costs for medicines may be more than offset by reduced productivity, study finds.
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An OFT inquiry finds the NHS is paying hundreds of millions of pounds too much for branded drugs, the BBC learns.
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The British National Health Service (NHS) has signed a massive software licensing deal with Microsoft. The deal will ultimately save the NHS $625 million in licensing fees, as well as requiring that Microsoft
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LONDON The British government said Wednesday that it had struck an agreement with the pharmaceutical industry to cut prescription drug prices by 7 percent at the end of the year, saving more than Â£1.
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Eleven major drug manufacturers unveiled a new discount card yesterday that could help millions of uninsured Americans save money on prescription drugs.
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BMJ study suggests anti-cholesterol drugs are massively and needlessly over-prescribed, inflating the Â£2bn annual bill to the NHS.