8 May 2018 - Medicines Australia welcomes the announcement of $1.4 billion for the listing of innovative medicines on the PBS, as announced in today’s 2018/19 Federal Budget. 

This will help ensure all Australians have access to new and innovative medicines they need when they need them.

We are encouraged by the $1 billion future listing provision and the Government’s commitment to list all new medicines recommended by the PBAC. We look forward to further discussion on this, and on the revised payment administration systems for high cost medicines.

We know that with new highly targeted medicines coming in through the pipeline, continued investment in the PBS is needed.

Read Medicines Australia press release