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Pharmaceutical companies are considering whether or not to introduce new drugs for chronic diseases into the Australian market following Federal Cabinet’s decision to defer PBS listing of eight treatments.
In a submission to a Senate inquiry into the Government’s administration of the PBS, Medicines Australia said a survey had revealed several drug manufacturers were considering delaying bringing new medicines to the country as a result of the deferrals. The submission described the decision to require Cabinet to approve all PBS listings and the deferral of the listing of medicines as a bad policy move.
“A number [of companies] were seriously considering delaying various new medicines in the areas of cancer, diabetes, cardiovascular and mental health,” the submission said.