Pfizer to stockpile medicines in preperation for no-deal Brexit

The announcement comes as International Trade Secretary Liam Fox suggested that a hard Brexit would be the most likely outcome of current Brexit negotiations.

The Conservative Party politician said that he believed there was a "60-40" chance of a no-deal Brexit as he blamed EU negotiator Michel Barnier’s stubbornness for pushing the UK towards a hard exit. The North Somerset MP claimed that the French negotiator’s response has made "the chance of no deal greater."

Fox said that he thought "the intransigence of the commission is pushing us towards no deal" as he implied that the prospect of a deal is "now up to the EU".

The US drug maker Pfizer said in a statement: "We have carried out detailed assessments of the supply of all our medicines with the focus on ensuring we will continue to have them available for our patients."

Pharma giant Johnson & Johnson have also said that they are preparing for a no-deal Brexit as they stated "We are exploring all options to ensure that patients continue to have access to the medicines they need."

Both of the companies have called for a UK-France ‘mutual recognition agreement’ for the regulation and supply of medicines.

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