Industry Analysis & Industry Trends
Major global pharmaceutical groups dominate the Pharmaceutical Product Manufacturing industry, although only a few manufacture active pharmaceutical ingredients in Australia. Increasingly, firms have been limiting their local activities to the later stages of the manufacturing process, such as dispensing, packaging and fill-finish. Many global manufacturers have also been restricting their Australian activities to distribution.
Domestic industry players have had to contend with the effects of the patent cliff, which has been part of a global trend. Losing exclusive manufacturing rights to some of their most profitable drugs has driven industry participants to adopt new business models to survive... purchase to read more
Industry Report - Industry Products Chapter
Industry operators produce pharmaceutical products for human use. These include prescription pharmaceuticals (patented and generic) that may or may not be listed on the PBS, over-the-counter (OTC) medicines, and complementary medicines including vitamins and dietary supplements. Prescription pharmaceuticals include products that can only be obtained in hospitals or with a medical practitioner's prescription. These pharmaceuticals include branded products, which are the first commercially available version of the drug and usually subject to patent; and generic products, which are chemically equivalent to a branded, out-of-patent product and may be sold under a trade name or chemical name... purchase to read more