Medicines Australia welcomes the Australian Government’s recognition of the importance of the PBS in the 2014-15 Federal Budget.

“It’s encouraging to see the Australian Government has been listening to the medicines industry and honoured the investment in the PBS,” Dr Brendan Shaw, Medicines Australia Chief Executive said.

“It’s pleasing that savings generated in the health portfolio will go back into medical research.

“The new Medical Research Future Fund will be a positive step forward and we are keen to work with the Government to make this research fund a reality.

“A medical research fund in Australia will create an environment in public and private research which can deliver the results that Australian patients deserve.

Dr Shaw also acknowledged the Government decision to increase patient contributions by increasing co-payments.

For more details, go to: http://medicinesaustralia.com.au/2014/05/13/government-recognises-value-of-pbs-and-vaccines-in-federal-budget/#more-11855