We’re a small fish in a big pharmaceutical pond – Should Australia be worried?

According to NPS Medicine Wise Australia accounts for only 2 per cent of the pharmaceutical sector’s global market and we import more than 90{648ff2b140dd79f8b10f01740237e66061b7c0f8b396ba52d99047c684c8722c} of our medicines from overseas. In light of the increasing incidence of global drug shortages, affecting even giant markets like the U.S., should we be worried? In September of this year […]

Worldwide drug shortages causing concern among Australian doctors and pharmacists

In an article recently published in Fortune Magazine attention was drawn to a looming crisis in America’s healthcare system:  ongoing and persistent shortages of essential medicines. Of greatest concern is that these drug shortages are being experienced, not with rare medicines, but with medications that are used and prescribed routinely every day – medicines that […]

New penalties concerning drug shortages welcomed by compounding pharmacists

With the incidence of drug shortages increasing worldwide, one made-to-order medication specialist has welcomed a proposal to introduce substantial fines for drug manufacturers and marketers who don’t report upcoming disruptions to supply. Matthew Bellgrove from National Custom Compounding on the Gold Coast said failure to notify authorities of a shortage in some essential medications could […]

FDA throws support behind compounding pharmacies in response to potential drug shortages

In a move that will have ramifications in Australia and around the world, the U.S. government’s Federal Drug Administration (FDA) is introducing changes which may significantly reduce the number and duration of pharmaceutical drug shortages. Matthew Bellgrove, Director of National Custom Compounding on the Gold Coast welcomed the changes, which will remove some of the […]

Potential drug shortages in the wake of Hurricane Maria

The recent hurricane in Puerto Rico wreaked havoc in the U.S. territory, killing 45 people, flattening thousands of buildings and devastating the Caribbean island’s economy. However many people aren’t aware that Hurricane Maria has also ravaged Puerto Rico’s little-known, but highly-significant pharmaceutical manufacturing industry, described as “one of the biggest in the world”. According to […]