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Life sciences weekly legal update: UK VPAG investment, EU CTR/IVDR changes, ICH paediatric extrapolation and MHRA/ICH RWD, RSV mRNA approval, CMA mergers, ASA rulings (29 August 2024)

Published on: 29 August 2024

Published by a LexisNexis Life Sciences expert
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  • Research and development
  • Medical devices
  • Pharmaceuticals—regulatory framework
  • Life sciences competition
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Research and development

UK unveils five‑year £400m public–private investment vehicle to bolster life sciences

The Voluntary Scheme for Branded Medicine Pricing, Access and Growth (VPAG) Life Sciences Investment Programme opened on 28 August 2024. This new joint public–private fund, worth up to £400m, is the first major collaboration of this scale globally. Over the next five years, it will strengthen clinical trials, enhance medicines manufacturing, and widen patient access to cutting‑edge therapies. The VPAG Investment Programme will establish 18 clinical trial hubs to accelerate getting new medicines to patients, allocating 75% of funding to expand commercial trial capacity (ie workforce and infrastructure, including the hubs), 20% to sustainable improvements in pharmaceutical manufacturing, and 5% to modernising Health Technology Assessment (HTA) methods...

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