25 February 2012 Last updated at 09:48 ET Please turn on JavaScript. Media requires JavaScript to play. Sir Andrew Witty from GSK said drugs were being "systematically delayed" from introduction and reimbursement Ministers have rejected claims by the UK's biggest drug firm GlaxoSmithKline that new cancer treatments are being delayed to save money. "Strategic thoughtfulness" was being lost in the "stampede" to cut costs, GSK chief Sir Andrew Witty said. It was a Europe-wide problem as governments coped with austerity and got more anxious about debts, he added. But the Department of Health said the approval process was getting faster and it had increased spending on new drugs. Mr Witty, the head of the pharmaceutical giant, told the BBC: "We're seeing oncology drugs being systematically delayed from introduction and reimbursement. "We're seeing a variety of the more innovative, and yes more expensive medicines, being delayed in a whole series of different diseases across Europe." "Ultimately it's one of those situations where the drift will be imperceptibly happening, but when you look back in five or 10 years, a huge gap will have opened up." He also said the government had cut prices by 5% a year as it got more … Continue reading
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