At the end of 2010, the Department of Health published the consultation on its policy to change the way the NHS pays for new medicines (PJ, 1/8 January 2011, p2). By 2014, a new system of "value-based pricing" (VBP) will replace the current Pharmaceutical Price Regulation Scheme (PPRS), which is a voluntary agreement between the DoH and the pharmaceutical industry, whereby companies negotiate profit rates from drug sales to the NHS every five years based on price and profit controls.
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