$4.3b in exports
February 7, 2013
THE Australian medicines industry
last year managed to achieve its
best export performance on record,
despite the soaring Australian
dollar, falling sales growth and the
difficult business environment.
According to figures released by
the Australian Bureau of Statistics,
medicinal and pharmaceutical
product exports soared $578m or
15% year-on-year, with the report
also showing that the medicines
industry is the country’s biggest
high-tech export earner.
In fact medicines industry exports
significantly outstripped those by
the motor vehicle and wine sectors.
Medicines Australia ceo Dr
Brendan Shaw said the strong
performance showed the potential
of the industry if supported by
strategic government incentives.
“In many respects the medicines
industry has had a very tough year,
with substantial price cuts,
challenging policy settings, delays
in having medicines subsidised,
declining competitiveness and
more than 300 job losses,” he said.
“Against that background, for the
medicines industry to achieve its
strongest export result on record
underscores the industry’s
potential for long-term growth and
sends a very clear signal that this is
an industry worth backing”.
The above article was sent to subscribers in Pharmacy Daily's issue from 07 Feb 13To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 07 Feb 13
