Aussie Senate Approves Bill To Cut Drug Costs By U.S.$2 Billion
This article was originally published in PharmAsia News
Executive Summary
Australia's Senate approved legislation designed to trim nearly US$2 billion from the nation's medicine costs
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Australia's Senate approved legislation designed to trim nearly US$2 billion from the nation's medicine costs. A deal with drug makers operating in the country promised a reduction in the price of some drugs that have lost patent protection. Medicines Australia negotiated the deal with drug makers on behalf of the Pharmaceutical Benefits Scheme. Under a compromise that led to final passage, the bill calls for including the generics industry in future price negotiations. (Click here for more) "New Medicine Pricing To Save $2 Billion"- ABC News (Australia) (11/23/10) |