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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Eli Lilly calls UK ‘worst country in Europe’ for drug prices; gold nears record high - as it happened

Lilly Chair and CEO Dave Ricks holds a press confrence with Texas Governor Greg Abbott in Houston.
Dave Ricks, chair and CEO of Eli Lilly, holds a press conference in Houston, Texas. Photograph: Antranik Tavitian/Reuters

Closing summary

The chief executive of the pharmaceutical company Eli Lilly has said the UK is “probably the worst country in Europe” for drug prices, amid a row between the industry and government.

Dave Ricks said that the UK’s strict pricing regime, allowing it to pay less for drugs than other developed countries, means it would miss out on new drugs being rolled out if it did not raise prices and scrap a rebate scheme.

“Unless that changes I don’t think they will see many new medicines and I don’t think they will see much investment,” the boss of the Mounjaro weight loss drugmaker told the Financial Times. “That’s the UK’s choice, but we react to those choices.”

Our other main stories today:

Thank you for reading. We’ll be back tomorrow. Take care! – JK

Updated

UK arrest over cyberattack that hit Heathrow and European airports

A man has been arrested in the UK in connection with the cyber-attack that disrupted flights at London Heathrow and several other European airports last weekend.

The National Crime Agency said it had arrested a man in his 40s in West Sussex as part of an investigation into the incident affecting Collins Aerospace, which provides check-in desk technology for airlines.

The NCA and officers from the organised crime unit arrested the man on Tuesday evening, on suspicion of offences under the Computer Misuse Act. He has been released on conditional bail.

The cyber incident, which was reported last Friday, led to widespread delays and cancellations at a number of airports, with Brussels the worst affected.

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