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Aussie Pharmacists Warn Driving Down Prices Will Drive Pharmas Out

This article was originally published in PharmAsia News

Executive Summary

Australian pharmacists complain the government's emphasis on driving down the price of drugs could have the effect of driving pharmaceutical companies out of the country. The head of the Pharmacy Guild of Australia acknowledged lower drug prices would be welcome news to Australians, but he warned the country to take a lesson from New Zealand. Guild president Kos Sclavos said New Zealand's low prices already have crippled its pharmaceutical industry because the price levels were not sustainable. (Click here for more)



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