Upcoming Webinars Archived Webinars Training Vitals Host A Webinar About Get Updates Contact

As Majority Vote In Favour Of Brexit, UK Pharmaceutical Industry Faces Uncertain Future


Britain’s exit from the EU calls into question the current regulatory framework for new and existing drug approvals in the country.

Share this!

Tweet: UK’s pharma industry loses easy access to 500 million EU patients #Brexit http://ctt.ec/6QteI+UK’s pharma industry loses easy access to 500 million EU patients.

Tweet: EMA will need to relocate from London, England. #Brexit http://ctt.ec/7priX+EMA will need to relocate from London, England.

June 27, 2016 | by Sarah Massey, M.Sc.

In the wake of the UK’s decision to leave the EU – known as Brexit – Britain’s pharmaceutical industry is bracing for big changes in the market. After the results of the close vote were announced, the country’s trade organization known as the Association of the British Pharmaceutical Industry warned its members – including AstraZeneca and GlaxoSmithKline – of “immediate challenges” for the pharmaceutical industry.

The UK’s pharmaceutical industry could now face challenges in accessing the 500 million patients who are citizens of EU nations. Britain’s exit from the EU also calls into question the current regulatory framework for new and existing drug approvals in the country.

Despite the prediction that the majority of Britons would vote to stay in the 28-country bloc, the people voted in favour of the exit, 52 percent to 48 percent. Amid the currency and stock market reactions, British Prime Minister David Cameron announced his resignation.

It’s likely that the process of leaving the EU will be a long one for Britain, as there is no precedent for the move. The exit plan is likely to have an effect on the pharmaceutical and biotech sectors in Britain, in terms of the way they interact with the European Medicines Agency (EMA).

“Key questions about the regulation of medicine, access to the single market and talent, intellectual property and the precise nature of the future relationship of the UK with Europe are now upon us,” said Steve Bates, CEO of the UK BioIndustry Association, a trade group that was against Brexit. The Association of the British Pharmaceutical Industry commented that the vote “creates immediate challenges for future investment, research, and jobs in our industry in the UK.”

The EMA is currently located in London, and acts as the primary regulatory body for the pharmaceutical industry across the EU. With Britain soon to be an ex-member of the EU, it’s likely that the EMA will need to relocate.

“It is too early to foresee the implications of this decision and we will be in close contact with the EU institutions,” said an EMA spokesperson. “When we have concrete information, we will share it with our stakeholders.”

Keywords: EMA, Pharmaceutical Industry, EU


Share this with your colleagues!

New PARP Inhibitor Drug Approved to Treat Women with Recurrent Ovarian Cancer

March 29, 2017 - The US Food and Drug Administration (FDA) has approved Zejula (niraparib) as a maintenance treatment for women with certain types of recurrent cancers, including epithelial ovarian, fallopian tube, and primary peritoneal cancer.

Featured In: Pharmaceutical News

Nektar’s Opioid Analgesic Meets Endpoints in Phase III Clinical Trial

March 28, 2017 - Nektar Therapeutics has announced that their opioid analgesic has met both its primary and secondary endpoint in a recent Phase III efficacy study.

Featured In: Clinical Trials News

Small Molecule May Disrupt Biofilm Formation on Implantable Medical Devices

March 28, 2017 - Researchers at Trinity College Dublin in Ireland have identified a small molecule capable of preventing bacterial biofilms from growing on medical implants.

Featured In: Medical Device News


Will Pharmaceutical Serialization Solve All of Our Drug Counterfeiting Problems?


Strategies for Deploying Innovative Solutions for Perimeter Security

Natural History vs. Registry Studies in Rare Disease

The FDA Guidance on the Assessment of Abuse Potential of Drug – A Critical Review

Combination Product Regulatory Requirement Complexities and the Impact of the 21st Century Cures Act

Copyright © 2016-2017 Honeycomb Worldwide Inc.