NHS vs Big Pharma: Who Pays the Price? | Dr David Montgomery Part 1

This podcast honours the NHS: its people, its purpose, its power.The Visionary Podcast is Sponsored by Dietapplements – Your Pure, Clean-label Supplements: https://www.dietapplements.com/Guest - Dr David Montgomery | Co-Founder & Director at PM Life Sciences ConsultingDr David Montgomery is a medical doctor with experience across the pharmaceutical industry, the NHS, and the charity sector, with a strong interest in healthcare policy and market access. Passionate about improving how the healthcare system works and bringing people together to drive positive change, he co-founded PM Life Sciences with Dr Sheuli Porkess to support small healthcare companies, startups, and biotech organisations to commercialise innovation and overcome policy barriers to better health outcomes.Host/Podcaster: Hala AliChapters:00:00:00 - Introduction00:00:42 - Dr. David Montgomery's Role and Journey00:02:18 - The Ecosystem of Life Sciences00:03:35 - The Challenge of Deciding Medication Worth00:04:33 - The Cost of Developing Medicines00:06:50 - The Tension Between NHS and Pharma Companies00:09:15 - The Role of Government in Keeping Costs Down00:11:17 - Making Medicines Affordable for the NHS00:11:29 - NICE and the Controversy of Cost-Effectiveness00:13:22 - The Clawback System00:15:11 - The Balance Between Profit and Product Development00:17:17 - The Struggle of Valuing Medicines00:17:56 - The Hurdles for New Drugs00:18:13 - The Role of Regulators in Drug Approval00:20:50 - Speeding Up the Drug Approval Process00:21:54 - Challenges in Implementing New Medications00:22:40 - Supporting the Uptake of Innovation00:23:36 - The Need for Modernization in Medication Decision-Making00:24:26 - The Complexity of Sequencing TreatmentsFollow :Website - https://www.pmlifesciences.com/LinkedIn - https://www.linkedin.com/in/david-montgomery-ba374025/Explore the podcast: https://www.youtube.com/playlist?list=PLeFXRuOQ6z8r12D9L8f0lyOYAxdOZRWzYMusic: Chopin - Piano Concerto no. 1 in E minor, Op. 11 - III. Rondo – Vivace (String Quintet arr.)Disclaimer: The Visionary Podcast features conversations with health professionals purely for educational and informational purposes. There is no financial exchange between the podcast and its guests. All views expressed are those of the health professionals and do not constitute medical advice.