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Australia Stands Firm on Affordable Meds Amid US Tariffs

Published 6 days, 3 hours ago
Description

Australia stands firm against US tariffs on pharmaceuticals, refusing to yield to pressure from drug giants or Trump administration. The countrys pharmaceutical benefits scheme subsidizes prescriptions, leading to price negotiations with US firms. Health Minister Mark Butler emphasizes the need to resist lobbying efforts targeting such schemes globally. The government is assessing job risks with local businesses and biotech giant CSL secures exemption on blood plasma products, planning a US expansion.

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