Pharmacy Daily | Drug research boost

THE Generic Medicines Industry Association has welcomed the release of the Government’s Industry and Innovation Statement, A Plan for Australian Jobs over the weekend, saying it is good news for Australian patients. The reforms include provisions to increase the number of clinical trials in Australia, and to provide support and education to researchers. “In 2010, two in three medicines supplied by members of the Generic Medicines Industry Association (GMiA) were manufactured domestically,” said the Chairman of the Generic Medicines Industry Association (GMiA), Dr Martin Cross. “Unfortunately, international corporate rationalisation means this ratio is currently in decline. “Australia is perfectly placed to help meet the demand for medicines from an ageing world population and the rapidly developing Asian middle class on our doorstep,” he added.

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