Imminent pharma price deal could save State €785m

A decision on a multi-billion euro deal between the State and pharmaceutical companies, on price cuts, is imminent.

The Irish Examiner understands that a formal announcement on the agreement is expected this week and is projected to yield savings for the State in the region of €785m.

The Irish Pharmaceutical Healthcare Association, the Department of Health and the Health Service Executive are believed to be finalising the deal.