MEDICINES Australia (MA) has
said falling medicines exports have
reinforced the need for a new
medicines industry strategy.
Exports fell by 13.5% to $3.63b in
2013-14, the lowest level since the
2005-06 financial year, MA said.
Ceo Dr Brendan Shaw said while
the downturn could reflect ongoing
restructuring in the industry,
Australia had strengths and
competitive advantages that should
be built on.
“What’s needed now to grow
Australia’s innovative medicines
industry is a supportive policy
environment in PBS policy and
intellectual property, reform in
regulations for clinical trials and
data, and initiatives to develop
a competitive tax environment
collaboration between public
research and private industry.”
For more, CLICK HERE.The above article was sent to subscribers in Pharmacy Daily's issue from 06 Aug 14 To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 06 Aug 14
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