Impact of the Australia—US Free Trade Agreement on Australian Medicines Regulation and Prices

  title={Impact of the Australia—US Free Trade Agreement on Australian Medicines Regulation and Prices},
  author={Thomas Faunce and Jimmy Bai and Duy Liem Nguyen},
  journal={Journal of Generic Medicines: The Business Journal for the Generic Medicines Sector},
  pages={18 - 29}
  • T. Faunce, J. Bai, D. Nguyen
  • Published 1 January 2010
  • Political Science, Medicine
  • Journal of Generic Medicines: The Business Journal for the Generic Medicines Sector
The Australia—United States Free Trade Agreement (AUSFTA) came into force on 1 January 2005. Before and subsequently to the AUSFTA being concluded, controversy surrounded the debate over its impact on Australia's health policy, specifically on regulation of pharmaceutical patents and Australia's cost-effectiveness system relating to prescription medicine prices known as the Pharmaceutical Benefits Scheme (PBS). This article examines the expectations of both parties in the pharmaceutical sector… 
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