SecurMed: Operating Costs

(asked on 5th July 2018) - View Source

Question to the Department of Health and Social Care:

To ask Her Majesty's Government what estimate they have made of the annual running costs of SecurMed, the UK’s National Medicines Verification Organisation.


Answered by
Lord O'Shaughnessy Portrait
Lord O'Shaughnessy
This question was answered on 19th July 2018

The Department and the Medicines and Healthcare products Regulatory Agency have not made an assessment of SecurMed’s annual running costs. As part of our supervisory role, we continue to review SecurMed’s activities to ensure that they are complying with the Regulation in a fair and proportionate way and this includes scrutiny of their estimated running costs. As a not-for-profit company, if SecurMed’s income exceeds its needs, the excess will have to be returned to Marketing Authorisation Holders.

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