Friday, 10 May 2013

Australia Pharmaceuticals and Healthcare Report Q3 2013

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Australia Pharmaceuticals and Healthcare Report Q3 2013
May 8th 2013, 00:00

BMI View: As a developed market, Australia represents opportunities for risk averse pharmaceuticalinvestors, given its ageing and generally affluent population. Importantly, the government is implementingcost-cutting measures to cope with escalating healthcare costs, therefore generic drugmakers will stand tobenefit from the patented to generic drug switch. However, given that generic costs is higher in Australia ascompared to other developed countries, a downside risk to the view is the lack of generic substitution, givenno apparent benefits to patients.Headline Expenditure Projections? Pharmaceuticals: AUD13.47bn (US$13.95bn) in 2012 to AUD13.95bn (US$13.94bn) ...

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