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 Consulting

Dr 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 Ali

Chapters:

00:00:00 - Introduction

00:00:42 - Dr. David Montgomery's Role and Journey

00:02:18 - The Ecosystem of Life Sciences

00:03:35 - The Challenge of Deciding Medication Worth

00:04:33 - The Cost of Developing Medicines

00:06:50 - The Tension Between NHS and Pharma Companies

00:09:15 - The Role of Government in Keeping Costs Down

00:11:17 - Making Medicines Affordable for the NHS

00:11:29 - NICE and the Controversy of Cost-Effectiveness

00:13:22 - The Clawback System

00:15:11 - The Balance Between Profit and Product Development

00:17:17 - The Struggle of Valuing Medicines

00:17:56 - The Hurdles for New Drugs

00:18:13 - The Role of Regulators in Drug Approval

00:20:50 - Speeding Up the Drug Approval Process

00:21:54 - Challenges in Implementing New Medications

00:22:40 - Supporting the Uptake of Innovation

00:23:36 - The Need for Modernization in Medication Decision-Making

00:24:26 - The Complexity of Sequencing Treatments

Follow :

Website - https://www.pmlifesciences.com/

LinkedIn - https://www.linkedin.com/in/david-montgomery-ba374025/

Explore the podcast: https://www.youtube.com/playlist?list=PLeFXRuOQ6z8r12D9L8f0lyOYAxdOZRWzY

Music: 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.