Medicines to lose some of their ‘pricey’ tags

1367222_colorful_pillsThe PBS health reforms are cutting the cost of more than 1000 different generic versions of 60 different types of prescription medicines, Health Minister Tanya Plibersek announced on Saturday.

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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