"Australia Pharmaceuticals & Healthcare Report Q3 2016" Published

From: Fast Market Research, Inc.
Published: Wed May 25 2016

Drugmakers operating in Australia will face an increasingly challenging business environment as the Sixth Pharmacy Community Agreement's measures come into effect. This includes a 5% price cut to medicines listed on the F1 formulary for more than five years, as well as changes to the calculation used in the price disclosure cycle. Critically, we highlight that biosimilar substitutability and naming will be a growing area of contention between originator firms and authorities who seek to curtail spending due to the exponential increase in biologics expenditure over the past few years.Headline Expenditure ProjectionsPharmaceuticals : AUD14.0bn (USD10.5bn) in 2015 to AUD14.5bn (USD9.6bn) in 2016; +3.4% in local currency terms and -8.6% in US dollar terms, due to significant exchange rate fluctuations.

Full Report Details at
- http://www.fastmr.com/prod/1172822_australia_pharmaceuticals.aspx?afid=301

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