Australian Labor Government Slashes Drug Prices For Big Pharma, Delivers Tax Credits To Struggling Biotechs In 2009 Budget
This article was originally published in The Pink Sheet Daily
Executive Summary
“This will be the first time in 21 years that there will be no dedicated industry support program to promote investment in this valuable knowledge-based industry,” Medicines Australia exec warns..
You may also be interested in...
Medicines Australia Says Pharmaceutical Benefits Scheme Spending Sustainable
PERTH, Australia - A new report by Access Economics says that spending on Australia's Pharmaceutical Benefits Scheme will not spiral out of control as previously predicted by the Liberal Howard government, Medicines Australia announced April 3
Australia Department Of Innovation Releases 10-Year Plan On Pharma Strategy
PERTH, Australia - Australia's Minister for Innovation, Industry, Science and Research, Senator Kim Carr, has released a sweeping report that outlines a 10-year plan for the country's pharmaceutical and biotech industry
Australian Biotech Faces Perfect Storm
PERTH, Australia - Investment in Australia's biotech sector plummeted to AU$183 million in 2008, down from AU$ 943 million in 2007, AusBiotech reported