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Novartis, Pfizer cut prices to win UK approval for cancer drugs

Published 10/11/2016, 00:06
Updated 10/11/2016, 00:10
© Reuters. The Pfizer logo is seen at their world headquarters in New York
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LONDON (Reuters) - Novartis (S:NOVN) and Pfizer (N:PFE) have won approval for two cancer drugs to be used routinely on Britain's National Health Service after offering bigger price discounts.

The National Institute for Health and Care Excellence (NICE) said on Thursday its draft guidance now recommended Novartis' Afinitor for certain breast cancer patients and Pfizer's Xalkori in lung cancer following the undisclosed "larger" discounts.

The move comes as NICE reappraises all drugs covered by the Cancer Drugs Fund, which was overhauled earlier this year.

© Reuters. The Pfizer logo is seen at their world headquarters in New York

Japan's Eisai (T:4523) last week won a similar green light for its breast cancer drug Halaven after cutting the price for Britain's state health service.

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