Health Minister's abandonment of Strategic Agreement slammed by Medicines Australia

23 June 2015

The last-minute decision by Australia’ Health Minister Sussan Ley to abandon a Strategic Agreement casts a shadow over the future stability of the local medicines industry and also puts patient safety at risk, says trade group Medicines Australia.

The purpose of the Agreement was to provide a level of stability and clarity for the local medicines industry in return for supporting a A$6.6 billion ($5.12 billion) savings package of which A$4.2 billion was to directly impact our members.

Medicines Australia put forward a proposed Strategic Agreement which met all aspects of the Letter of Intent signed by the Health Minister on May 27.

This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK