Sept 26 (Reuters) -
The British government will offer to pay more for medicines
that it buys for the National Health Service, the Financial
Times reported on Friday, hoping to defuse one of U.S. President
Donald Trump's top complaints after he announced steep tariff
increases on branded medication.
British Prime Minister Keir Starmer's chief business
adviser, Varun Chandra, will travel to Washington next week, the
report added.
Reuters could not immediately verify the report.
The president has fumed because prescription drugs cost
more in the U.S. than in any other country, often by nearly
threefold. He has demanded that drug companies lower prices in
the U.S. and raise them elsewhere. The price increases would
potentially offset the impact of U.S. price cuts on drugmakers'
revenues.
A UK government spokesperson did not directly address
the Financial Times report. But the spokesperson said in a
statement that Britain was in "a constructive dialogue with the
U.S. and industry."
"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," a UK government spokesperson said in a statement.
Earlier on Friday, Britain said it was
pressing
the United States on pharmaceutical tariffs in hope of a
beneficial outcome, after Trump said a new 100% tariff would
apply to firms unless they build a manufacturing site in the
country.
Major British drugmakers like AstraZeneca ( AZN ) and
GlaxoSmithKline have already
set up
manufacturing facilities in the U.S. and have announced
further investments.
The Trump administration has given drugmakers until
September 29 to lower prices for some U.S. drugs
voluntarily
, with a threat of tariffs if the president is not
satisfied.