NHS patients in England will receive early access to potentially life-saving and cutting-edge treatments thanks to a new fund, launched today.
Up to £340 million has been made available through the Innovative Medicines Fund to purchase the most promising medicines and fast-track them to patients to give adults and children the best chances of survival, recovery or a healthier, longer life.
“The Innovative Medicines Fund will fast-track cutting-edge medicines to adults and children to give people renewed hope for a better future.”Health and Care Secretary, Sajid Javid
Meeting a manifesto commitment, the Government hopes the fund will further support NHS England in offering patients potentially transformative new drugs while further real-world evidence is collected to inform a final decision by the National Institute for Health and Care Excellence (NICE) on whether the treatment is clinically and cost effective and a good use of taxpayer money in the long-term, reducing delays and boosting patient outcomes in the interim.
Examples of previous medicines which patients have accessed in a similar way through managed access agreements include a treatment for children with spinal muscular atrophy and a treatment to slow the progression of a life-limiting metabolic disorder.
Follow on to Cancer Drugs Fund
The Innovative Medicines Fund builds on the success of the reformed Cancer Drugs Fund which, in the past five years, has provided more than 80,000 people access to life-extending or potentially life-saving drugs which might otherwise not have been available for years.
Commenting on the launch, Health and Social Care Secretary, Sajid Javid, said: “I want NHS patients to be the first in the world to access the most promising and revolutionary treatments that could extend or save their lives.
“The launch of the Innovative Medicines Fund delivers another manifesto pledge and will fast-track cutting-edge medicines to adults and children to give people renewed hope for a better future.”
Speeding up access for patients
A total of £680 million has been ringfenced for the Innovative Medicines Fund and Cancer Drugs Fund – £340 million each – to fast-track medicines to NHS patients.
An estimated one in 17 people in England will be affected by a rare disease in their lifetime. The Innovative Medicines Fund will provide quick access to novel treatments, including potentially lifesaving gene therapies for serious conditions with few treatment options.
It often takes longer for pharmaceutical companies to collect data on a medicine’s clinical and cost effectiveness for rare diseases due to the smaller patient cohort. Rather than making patient’s wait until this date is available, this new scheme will allow access while this important process takes place, with support from NHSE and NICE.
NHS Commercial Medicines Director, Blake Dark, said: “The NHS continues to be a pioneer in striking deals and rolling out the latest cutting-edge drugs and treatments. This new Innovative Medicines Fund will build on the success of the Cancer Drugs Fund, enabling more patients to benefit from early access to the most promising cancer and non-cancer medicines.
“The NHS Long Term Plan shows we are committed to adopting NICE approved treatments at the earliest opportunity and £680 million of ringfenced funding will help provide faster access to promising new drugs and ensure the NHS remains at the forefront of securing the best revolutionary treatments for patients.”
Relieving pressure on the NHS
It is hoped improving access to treatment for those patients most in need will help alleviate pressure on the NHS, supporting wider efforts to tackle the Covid backlog.
All medicines deployed through the Innovative Medicines Fund and Cancer Drugs Fund will have been approved by the Medicines and Healthcare products Regulatory Agency (MHRA) after meeting high standards of safety and quality and will have been recommended as suitable for the IMF by NICE.
Chief executive of NICE, Dr Samantha Roberts said: “I am delighted that NICE has been able to play a key role, alongside NHS England and NHS Improvement, to create this important new initiative to give people earlier and faster access to promising new innovations in treatment.
“This fund, like the Cancer Drugs Fund, will help us more quickly identify and make available transformational new treatments that will bring real benefits to thousands of people and offer high value to the NHS.”
The Innovative Medicines Fund supports the Government’s Rare Diseases Action Plan to ensure people living with rare conditions benefit from faster diagnosis, treatments and support to manage their conditions.
Following a public call for evidence, the government is also developing a 10-Year Cancer Plan to make England a world-leader in cancer care, with renewed attention paid to innovative treatment and early diagnosis to improve outcomes for patients.
NHS Innovation and Life Sciences Commission
Chamber’s partner policy institute, NHS Innovation and Life Sciences Commission is looking at ways to maximise the rollout of the new Innovative Medicines Fund. Chaired by former Minister for Innovation at the Department of Health and Social Care, Lord James O’Shaughnessy and former Deputy National Medical Director at NHS England, Professor Mike Bewick the Commission looks at ways to improve access systems for patients with conditions, including rare.
To find out more, visit the commission page or contact Policy and Research Analyst Harry Blacklock at firstname.lastname@example.org.