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Drug prices
January 16 2026
Interview
Undercutting NHS pricing system to appease Trump would be ‘huge backwards step’ for medicines watchdog
Jonathan Benger tells FT that health service payments should not rise for years to come
January 5 2026
Novo Nordisk launches US price war over weight-loss pills
Lowest doses of Wegovy in oral form will start at $149 a month for American users until April
December 11 2025
National Health Service
UK pledges to spend extra £1.5bn on NHS medicines as part of Trump tariff deal
Outlay over next 3 years is in return for the US exempting British pharmaceutical imports from tariffs
December 2 2025
FT News Briefing podcast
11 min listen
Swiss prosecutors file charges against Credit Suisse and UBS
Banks accused of organisational ‘deficiencies’ relating to Mozambique ‘tuna bonds’ scandal
December 1 2025
National Health Service
NHS to increase medicines spending to avoid 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
November 26 2025
Trump administration slashes Medicare price for Ozempic and Wegovy
US negotiates 71% reduction of Novo Nordisk’s obesity drugs for elderly Americans on government health insurance
November 14 2025
Merck & Co Inc
Merck agrees $9.2bn deal for flu-prevention biotech Cidara
Bidding war goes down to wire for company whose lead drug is potential alternative to vaccines for vulnerable patients
November 12 2025
NHS medicines budget should not rise with inflation, says drug approval body
Comments by head of Nice come as ministers offer to increase spending to appease pharma groups and Donald Trump
November 6 2025
US to slash prices of obesity drugs offered on Trump website
White House’s landmark deal with Novo Nordisk and Eli Lilly will cut costs from at least $1,000 to about $350
November 6 2025
Mergers & Acquisitions
Novo Nordisk challenges Pfizer to raise offer for obesity biotech
Danish company vies with US drugmaker for control of Metsera as they seek edge in growing market for weight-loss drugs
November 4 2025
Eli Lilly & Co
Eli Lilly calls on Europe to ditch clawback taxes on drugmakers
US pharma group says region’s use of ‘one-way insurance system’ to keep down prices is not fair on the industry
October 29 2025
US companies
US set to speed up approval for some generic drugs in blow to Big Pharma
Move is latest broadside by Trump administration against pharmaceuticals industry that fought to derail changes
October 22 2025
Pharmaceuticals sector
US pharma price probe raises threat of new drug tariffs
Trump administration plans trade assault in attempt to drive down cost of medicines including weight-loss pills
October 17 2025
UK closes in on drug pricing deal with White House
NHS likely to pay billions more for some medicines in exchange for lower tariffs on British pharma exports
October 17 2025
Novo Nordisk AS
Novo Nordisk shares slide as Trump vows to cut Ozempic price
US administration in negotiations over cost of Danish group’s best-selling weight loss drug
October 15 2025
Competition & Markets Authority
UK vets face price caps after competition review
Watchdog finds regulatory system is ‘not fit for purpose’ but stops short of proposing structural reform of sector
October 10 2025
AstraZeneca strikes deal to lower drug costs in exchange for tariff reprieve
Chief executive Pascal Soriot applauds the deal with Donald Trump as ‘a big win’ for US patients
October 9 2025
Explainer
Pharmaceuticals sector
What Pfizer’s deal with Trump means for global drug pricing
Investors are more hopeful about the pharma industry’s chances of mitigating US threats
October 8 2025
UK government prepared to pay more for drugs bought by NHS
Officials have briefed Trump administration on proposal to pay up to 25% more for medicines
September 30 2025
Pharmaceuticals sector
US announces direct-to-consumer ‘TrumpRx’ drug sales programme
Plan will allow people to buy prescriptions at discounted prices negotiated by government
September 26 2025
UK politics
UK to offer to pay more for drugs to placate Trump and pharma groups
Prime minister’s chief business adviser Varun Chandra due to hold talks in Washington next week
September 26 2025
Lex
UK should brace for more expensive medicines
Drugmakers have reason to take a tough stance against British negotiators
Premium
content
September 26 2025
Moral Money
Martin Shkreli’s ‘ugly, dirty truth’ looms over UK drug pricing backlash
Pharmaceutical companies fight to protect margins as Trump attacks international pricing disparity
Premium
content
September 24 2025
Pharmaceuticals sector
UK wants to end pricing feud with drugs companies, says science minister
Government prepared to pay more for medicines, says Lord Patrick Vallance
September 23 2025
Eli Lilly boss brands UK ‘worst country in Europe’ for cheap drug prices
Dave Ricks says Britain will miss out on medicines and future investment unless it pays more
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