The UK’s pharma deal was vital – but the GSK boss is right about US dominance | Nils Pratley

It would be absurd to claim the UK has suddenly become a life-sciences leader thanks to the new pricing and tariffs pact

That's gratitude, eh? It's not even a fortnight since the government agreed to raise the prices the NHS pays for new medicines and here comes the boss of GSK, Britain's second largest pharma firm, to extol the virtues of doing business in the US.

The US is still the leading market in the world in terms of the launches of new drugs and vaccines", said the chief executive, Emma Walmsley, in a BBC interview, explaining why GSK invests about three times as much over there as it does at home. Alongside China, the US is also the best market in the world to do business development".