this post was submitted on 01 Apr 2025
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How does Australia's pharmaceutical industry compare to Canada's? We have a lot of generics here in Canada.. I'm curious whether Australia would benefit from a similar stance that favours more white label production, or if Australia is more invested in the development side and feels like it needs to maintain more strict/homogenized w/ US laws to keep them as a seller and recoup on its investments.
I had no idea, so I looked .. I still have no idea. The dollar numbers tossed around contradict each other and vary wildly, to the point of being absurd.
I don't know what the policy on generics is, but as I understand it, the PBS negotiates on our behalf to subsidize medication that would otherwise be completely unaffordable.
When I get to a computer with a screen that's bigger than my hand, I'll have a squiz at the Australian Bureau of Statistics to see if I can learn more.
Edit: Just came across this gem: