Catherine King, the Australian Labor Party`s health minister, reportedly expressed support for the MA deal with the government and hinted that the lab could try to amend the bill to ensure any savings made would be reinvested in new drugs. [42] The details set out by the ACCC contain specific guidelines for the exchange and exchange of information on the supply of medically prescription medicines, as well as general agreements and agreements. The extension of the GBMA agreement and the authorisation agreement set out measures to „ensure the viability“ of medicines that have been subject to price opening for some time. [64] These measures are implemented by Schedule 3 of the Act. The Strategic Agreement is the result of a constructive and respectful dialogue between the GMiA and the Government over the past three months and is the first Strategic Agreement signed by GMiA with the Australian Government. It states that the two sides will work together to identify and implement initiatives to support the sustainable sustainability of the generic medicines sector as part of a „sustainability initiative“ between the Commonwealth and the GMiA. In addition, work on the priorities set out in the 2015 Commonwealth-GBMA Strategic Agreement and the subsequent extension of this Agreement in 2017 will be continued. As described above, the austerity measures implemented by the bill are the result of agreements (or renewals of agreements) with MA, GBMA and the Guild. That`s why they should have broad support from the industry. It is reported that major pharmaceutical groups have reviewed the bill and supported the bill after minor amendments. [44] The austerity measures announced in the budget have also been welcomed by the Consumers Health Forum of Australia (CHF), which believes it will subsidy new drugs in the PBS.

[45] The measures set out in Schedules 1 to 4 of the Act are expected to save $1.292 billion over four years until 2020-21 and $1.8 billion over the life of the MA and GBMA agreements (until June 30, 2022). [50] Part 2 of Schedule 1 begins on July 1, 2022, the day following the expiry of the Government`s five-year agreement with MA. . . .