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flag Eli Lilly's CEO says UK drug pricing deters innovation and delays patient access, warning of investment losses and price hikes.

flag Eli Lilly CEO Dave Ricks labeled the UK the worst country in Europe for drug pricing, blaming strict cost controls and a rebate system that penalizes drug success for deterring investment and delaying patient access to new medicines. flag He warned that without reform, the UK risks losing out on innovations and pharmaceutical activity, citing company exits like Merck’s London research shutdown and AstraZeneca’s halted investment. flag Ricks noted patients travel from Paris to buy Mounjaro due to price differences and highlighted a potential 170% price increase in the UK, with Eli Lilly pausing shipments ahead of the change. flag His comments come amid global debate over drug pricing, with U.S. officials criticizing high American costs and suggesting international disparities may prompt regulatory action. flag The UK government says it remains committed to life sciences growth and open to dialogue.

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