• sirspate@lemmy.ca
    link
    fedilink
    English
    arrow-up
    2
    ·
    2 days ago

    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.

    • Onno (VK6FLAB)@lemmy.radio
      link
      fedilink
      arrow-up
      2
      ·
      edit-2
      2 days ago

      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:

      The cost of medication compared between the USA and Australia