PharmaTimes - Drugmakers in Australia agree A$2.3 billion price cut plan
Details will be announced next week of an agreement between Australia’s federal government and the pharmaceutical industry which will cut the prices of drugs to the government by A$2 billion and to consumers by A$300 million over a four-year period.
The industry has reportedly agreed to the deal in return for greater certainty about pricing changes in the future – or indeed assurances that there will be no further price cuts, according to local reports.
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