Subscribe


PD breaking news – $20b medical research fund to be established

Federal Government to establish $20b medical research fund.

The Federal Government has released its 2014-15 budget in which it has announced it will create a Medical Research Future Fund, projected to reach $20b by 2019-20.

Health savings would be invested in this fund until it reached $20b, which would make it the largest fund of its kind in the world, the budget said.

This funding would be in addition to that received by the National Health and Medical Research Council, Treasurer Joe Hockey said.

The fund would be established from 01 Jan 2015 and when mature would provide income to double current medical research funding, with an additional $1b a year available by 2022-23 to “find the discoveries and cures necessary to underpin the healthy system of the future.”

It would ensure the goverment could maintain its existing level of health investment, while delivering a sustainable system in the future, the budget said.

The budget also confirmed increased co-payments for Pharmaceutical Benefits Scheme (PBS) medicines, and a gradual increase in eligibility thresholds for the PBS safety net over the next four years for all patients, as well as patient cotribution towards GP visits of $7, the budget said.

For more, see tomorrow’s Pharmacy Daily.


The above Breaking News Alert was sent to Pharmacy Daily subscribers on 13 May 14

Make a comment...



Established in 2007, Pharmacy Daily is Australia's leading pharmacy industry publication, and is sent as a free subscription to people across the industry as a PDF newsletter every weekday.

Register for Pharmacy Daily trial subscription

To sign up for a free subscription, click on the button at right.

Click here to see a sample issue of Pharmacy Daily.

Click here for more information on subscriptions.

Alternatively, you can search our site via the search box on the right hand side of the page, or find other content below.

Recent Pharmacy Daily articles

17 Aug

Travel Specials 17 Aug 17 - WELCOME to Pharmacy Daily's travel feature. Each ...


17 Aug

Dispensary Corner 17 Aug 17 - HAVING silky smooth tresses is probably the ...


17 Aug

Tobacco reengineered - A RELATIVE of the tobacco plant has ...


17 Aug

New hearing standards framework - THE Federal Government has announced it is ...


17 Aug

Which pregnancy supplements? - THE Queensland Department of Health has issued ...


17 Aug

Insurance submission - THE Pharmacy Guild has made a submission ...


17 Aug

Allergy relief - VICTORIAN researchers from the Murdoch Childrens Research ...


17 Aug

$99m from Oct cuts - PRICE reductions due to the 01 Oct ...


17 Aug

Pharmacist’s stiff penalty - THE Supreme Court of New South Wales ...


17 Aug

Guild showcases pharmacy - THE Pharmacy Guild has launched what it's ...


16 Aug

Go natural from top to toosh – GAIA - GAIA Natural Baby now offer the full ...


16 Aug

Miracle Gel Rustic Charm Collection - SALLY Hansen's Miracle Gel Rustic Charm Collection ...


16 Aug

Super Flavoured Spirulina - NATURE'S Way Super Flavoured Spirulina is a ...


16 Aug

Facial Moisturiser for Fathers’ Day - SUKIN Facial Moisturiser is an easily absorbed, ...


16 Aug

Dispensary Corner 16 Aug 17 - COP an eyeful of this - an ...


16 Aug

Monash pharmacy milestone - MONASH Pharmacy and Pharmaceutical Sciences is celebrating ...


16 Aug

Aged care data site - THE Health Department has launched a new ...


16 Aug

Immunisation success - A new study reported in the Clinical ...


16 Aug

Atozet/Zeteze AusPAR - MERCK Sharp & Dohme's Atozet/Zeteze (ezetimibe and ...


16 Aug

South Pacific pharmacists strike - AUSTRALIA'S Department of Foreign Affairs and Trade ...



Show Pharmacy Daily items by month: