Australian Industry Hails ‘Landmark’ Shortages Legislation

Bill Described As ‘Watershed Moment In The Security Of Medicine Supply’

Legislation introduced in Australia aimed at mitigating shortages, that enshrines in law provisions of new five-year pharmaceutical industry pacts agreed by the government, has been hailed as a “landmark” development by the GBMA.

Australia house of representatives
The bill was introduced in Australia’s House of Representatives • Source: Alamy

Legislation aimed at mitigating shortages by requiring suppliers to hold additional safety stocks of certain medicines, while at the same time establishing a price reduction floor for cheaper drugs, has been welcomed by the Australian Generic and Biosimilar Medicines Association.

The bill – which was introduced by health minister Greg Hunt and had its first reading on 28 October...

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