Price reduction leaves pharmacies in the lurch

Pharmacies will need to clear as much medicine stock as possible to avoid being hit by “significantly” lower PBS reimbursements from April 1.

The Pharmacy Guild this week received notice of the price reductions, which it says is difficult because it does not leave enough time for pharmacists to negotiate with suppliers.

According to the Guild’s Forefront newsletter, these are the main changes that will come into effect on April 1:

  •  F1 brand medicine prices will be reduced by up to 5%;