Australia has lowest prices for new medicines: UK Govt
A report by the United Kingdoms’ Department of Health has found that Australia has amongst the lowest prices for new medicines in the developed world.
The report, released at the end of last year, compares the prices of new prescription medicines in the UK against 13 other developed countries, including Australia.
“This report proves that the prices Australia pays for new medicines are amongst the lowest in the developed world,” said Dr Brendan Shaw, Chief Executive of Medicines Australia.
“The report shows that out of 13 countries in 2009, Australia had the lowest prices for medicines made by innovative pharmaceutical companies.”
“This research supports various other Australian and international studies which show that by international standards the price of new medicines in Australia is low.”
The UK Department of Health’s report can be found at:
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