PBS Roadshow
August 9, 2011
FOR pharmacy owners in
Australia, 1 April 2012 represents a
very significant date.
On that day considerable price
drops on generic medicines will
occur in relation to the guaranteed
savings which Medicines Australia
negotiated with the Federal
Government. Those price drops
will vary but an overall average 23
per cent price drop has been
guaranteed by Medicines
Australia.
To assist pharmacy owners as
they prepare for these changes,
the Pharmacy Guild is running a
series of strictly member-only
events.
In the lead up to this date,
pharmacies needs to manage their
inventories very carefully and it is
advised that pharmacies have the
minimum stockholdings of
impacted medicines on their shelf
on 30 March 2012.
On the same date, the largest
molecule on the PBS, Atorvastatin
(Lipitor), will see new generic
market entrants. This molecule
will begin its price disclosure
process with a 16% price drop.
While price disclosure and PBS
reform have been in place for a
number of years, many criteria
have changed and many
pharmacists are not familiar with
the new arrangements.
The members-only events will
cover all the key elements of
which pharmacy owners need to
be aware. The Pharmacy Guild
urges all members to take this
opportunity to attend one of these
presentations.
Go to www.guild.org.au and click
on the “PBS Roadshow” link under
“Events” (in the “News and
Events” section) for the event
brochure or phone Rebeka Dalton
on 07 3831 3788 for further
information.
The above article was sent to subscribers in Pharmacy Daily's issue from 09 Aug 11To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 09 Aug 11
