Pricing Our Medicines to Help Ensure Patient Access

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Pricing Our Medicines to Help Ensure Patient Access

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Nick from @GSKUS shares his #ThursdayThoughts on how they are pricing their medicines to help ensure patient access. http://bit.ly/2pn7AsE
Thursday, May 4, 2017 - 9:00am

We know there is significant frustration in the US regarding the cost of healthcare – including prescription medicines. We take this very seriously, as evidenced by our pricing track record. In fact, the launch price of our six most recently introduced new medicines were priced similarly or less than the market leader. This illustrates our commitment to appropriately balance reward for our innovation and ensure broadest patient access.

When it comes to improving the quality and cost of healthcare across the US healthcare system, we know we have a role to play, and we are determined to help find solutions alongside payers, policymakers, physicians, and others.

Behind our pricing efforts are people like Nick, who leads our US pricing team. Using a value-based approach, Nick and his team help determine an appropriate price for new GSK medicines in the US. 

“I’m proud to work for the #1 most access-oriented company in the world, and here in the US we never launch a product without considering affordability for the patients who need it.” (Nick, Director, US Pricing)

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This article is part of a series on our responsible business in the US

We are tackling some of the biggest global health challenges by promoting open innovation to meet unmet medical needs, making our medicines and vaccines more accessible, and strengthening healthcare systems. Learn more about our global commitments and progress for Health for all 

Keywords: Health & Healthcare | Business Ethics | Corporate Social Responsibility | GSK | GlaxoSmithKline | Medicine | Patient Access | Responsible Business & Employee Engagement | pricing