Price drop imminent on Australian medicines
A mandated price drop is about to come into effect in Australia on 226 medicine brands listed on the Pharmaceutical Benefits Scheme (PBS).
In total, these reductions are set to save consumers and taxpayers A$344 million ($249 million), delivering cheaper medicines for patients and allowing more new medicines to be listed on the PBS.
In Australia, pharma companies must reveal to the government the prices at which they sell multi-branded PBS medicines to wholesalers and pharmacies.
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