The 1.5 Billion Pound Gamble Behind Every New Drug | David Montgomery Part 3

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 - Introduction00:00:40 - Discussion on Drug Introduction and Pricing00:01:04 - Sustainability in Drug Pricing00:02:27 - MHRA and NICE Collaboration00:03:21 - Challenges in Drug Pricing00:04:10 - Confidential Discounts and Transparency00:05:19 - The QALY Measure00:06:44 - Innovation in Medication00:10:06 - Improving Medication Versions00:11:42 - Serendipity in Discovery00:13:24 - Antibiotics and Antimicrobial Resistance00:16:01 - Antibiotics and Antimicrobial Resistance Continued00:17:40 - Add-on Therapies and Their Approval00:21:48 - Cost-effectiveness of Add-on Therapies00:23:14 - Challenges in Approving Life-saving Treatments00:24:03 - Role of Charities in Drug Discovery00:25:01 - Economics of Drug Discovery and DevelopmentFollow David :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.