Abbott faces fight from drug industry

THE drug industry has warned the government that a budget measure to slash $3 billion from PBS spending on innovative medicines will only backfire. 

Medicines Australia chairman Dr Martin Cross has written to Prime Minister Tony Abbott expressing “unprecedented concern” over the budget plan revealed by the Department of Health.

“The proposed path outlined by the department will restrict Australians’ access to new medicines and will not deliver the government’s policy goal,” he said in the letter