Pharmaceutical industry facing grim budget

The May 2015 Federal Budget looks set to fall heavily on the pharmaceutical sector, according to industry and media reports.

As has been previously reported, the government is reportedly seeking $5 billion in savings from the sector, with a net saving of $3 billion, with the remaining funds to be reinvested in the health portfolio.

A recent report in industry newsletter PharmaDispatch claims there are ten PBS budget savings measures on the table and that these have been