Tuesday, 21 November 2017

Concordia overcharged NHS for thyroid drug, says watchdog

Concordia overcharged NHS for thyroid drug, says watchdog Drug company Concordia overcharged the NHS by millions for a key thyroid treatment, the Competition and Markets Authority has provisionally found.

The CMA said that last year the NHS spent £34m on its drug, liothyronine, up from about £600,000 in 2006.

The amount the NHS paid per pack rose from around £4.46 in 2007 to £258.19 by July 2017, an increase of almost 6,000%.

Concordia said it did "not believe that competition law has been infringed".

The CMA said the price rise took place despite "broadly stable" production costs. BBC News

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