Under these reforms people can save up to $15 per script. As of yesterday some of the most widely used medications, including antibiotics, painkillers, antidepressants, cholesterol controllers and heart drugs will all cost less.
A 20-pack of heavy-duty painkiller Panadeine Forte will fall by up to $4.32, a course of antibiotic Augmentin Duo Forte will fall by up to $3.33, and a month’s supply of the antidepressant Prozac will fall by a maximum of $3.35.
The generics market is hot property in the pharmaceutical industry at the moment. Big companies such as Pfizer and Sanofi have realised the need to jump on the bandwagon and if you can't fight it, join it.
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BioPharma Australasia will be held on the 23rd to the 24th August, 2012 at the Swissotel, Sydney. It is Australia's only pharma and biotech conference that focuses on the different stages of development process. From drug discovery to digital pharmaceutical marketing, it covers the key aspects and issues affecting both the pharmaceutical and biotechnology industries. Click here for more information.