Big pharma fears drugs in crosshairs of US-EU tarrif spat
- The Pharmaceutical Benefits Scheme creates delays in patient access to new medicines, with 'unreasonable patient access delays' occurring due to government considerations for public subsidy decisions.
- US companies are likely to push the Trump administration to act against Australian subsidies, viewing the PBS as a trade barrier, according to Australian National University law professor Peter Drahos.
- Trade Minister Don Farrell emphasized that the Labor Party would never compromise on the PBS amid trade tensions with the US.
- The PBS cost taxpayers $17.7 billion last financial year, helping reduce the cost of 930 different medicines, based on PBAC experts' public health decisions.
6 Articles
6 Articles
US pharma firms assess potential of shifting work from Ireland if tariffs hit hard
A number of US pharma companies are “scenario planning” around moving some manufacturing out of Ireland if Donald Trump goes ahead with swingeing tariffs on the EU, as he has threatened.
Sydney Morning Herald
The AgeBig pharma’s plea to Trump to punish Australia for cheaper medicines
US medical giants say Australia’s Pharmaceutical Benefits Scheme is an “egregious and discriminatory” program that Trump should target in the next wave of tariffs.
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