Australian Pharmaceutical Phenomena

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February 8, 2013 Procurement Consulting – Brickwork Sourcing Australian Pharmaceutical Phenomena Australian Pharmaceutical Phenomena Brickwork India (Confidential) www.brickworksourcing.com

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Transcript of Australian Pharmaceutical Phenomena

Page 1: Australian Pharmaceutical Phenomena

February 8, 2013Procurement Consulting – Brickwork Sourcing

Australian Pharmaceutical PhenomenaAustralian Pharmaceutical Phenomena

Brickwork India (Confidential)

www.brickworksourcing.comwww.brickworksourcing.com

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The Australian pharmaceutical sector has crossed the A$20 billion mark.

The Australian pharmaceutical sector is expected to touch A$30 billion by 2020.

The industry is Australia’s largest exporter, with products worth approximately A$4.1 billion shipped to over 60 markets worldwide.

The sector is ranked 15th around the world.

The industry seems set to grow further amid extensive government reform centered on the A$6-7 billion plus per year Pharmaceutical Benefits Scheme (PBS).

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Current Scenario

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One important area to be addressed would be the reform processes adopted by the Australian government, which would essentially regulate pharma exports and investments.

Regulatory change is an important parameter to determine the way forward for pharma majors looking at increasing sales.

The growth observed in generic drugs also indicates the direction in which pharma companies in Australia are migrating, this seems to be the area of focus for the pharma majors.

The Australian pharma scene is governed by the PBS which is as important as a prerequisite for informed policy development in Australia.

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The Future Road

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The growth driver for pharma seems to be Australia’s life expectancy combined with increasing lifestyle diseases and leading health problems.

There is an opportunity in the Australian clinical trials industry which is estimated to generate revenues of A$ 1 billion annually.

In terms of exports the top destination for respondent companies in the Australian pharma exports by FOB value was Asia which was followed by South Africa. Both of these destinations contribute to more than 50% of the total exports.

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Growth Drivers and Opportunities

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Market Potential

The number of deals involving Australian drug developers has noticeably risen in the last few years; an example for this was noted in 2010 which saw 10 sizeable transactions worth A$1.4 billion.

Australia is poised to capture the pharmaceutical sector and there is a huge opportunity waiting for investors in the pharma sector in Australia. There is a need for new strategies to implement sourcing of materials and equipment for production of drugs and healthcare products from countries such as India and China. This would mean that there is an increased need of global sourcing; Brickwork Sourcing works with global pharma companies and has capabilities of providing end-to-end sourcing as well as vendor and supply chain management solutions.

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“The information contained in this document that includes text, graphics and links, are provided on an “as-is”, "with all faults" and "as available" basis and are without warranty of any kind. While Brickwork relies on sources that are believed to be reliable, it cannot rule out errors in judgment or application. The document is intended for “information” and “general guidance” purposes only.” Investment decisions and/or other decisions based on the conclusions and potential strategies mentioned in the document are not necessarily endorsed by the Brickwork management.”

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About Brickwork Sourcing

Brickwork is the pioneer of the Virtual Office business. We provide virtual support for businesses across the globe. Our well informed Remote Sourcing Analysts (RSAs) can provide support at any or all stages of your sourcing lifecycle. Your Virtual Sourcing Office can be a large team of analysts supporting large companies with established procurement processes or a one-man-show to function as your entire procurement office.

Disclaimer

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THANK YOUTHANK YOUContact:[email protected] Sanjeeth HegdeIndia: +91 (80) - 4040 – 9999 (218 Ext)

8 April 2023

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