Prime Minister Keir Starmer’s chief business adviser, Varun Chandra, will travel to Washington next week to discuss the offer, the report added.
Prescription drugs in the US are very expensive. (Picture: Julio Cortez/AP)
He has demanded that drug companies lower prices in the US and raise them elsewhere. The price increases would potentially offset the impact of US price cuts on drugmakers’ revenues.
“We will always put patients and taxpayers first, striking the right balance between creating an environment where this innovative sector can thrive whilst ensuring best value for money,” the statement said.
It came after Trump said a new 100 per cent tariff would apply to firms unless they build a manufacturing site in the country.
The Trump administration has given drugmakers until Monday to lower prices for some US drugs voluntarily, with a threat of tariffs if the president is not satisfied.
With Reuters
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