Pharmaceutical dispensary
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • A new swathe of commonly used multiple sclerosis, diabetes and asthma treatments will be included under the Pharmaceutical Benefits Scheme (PBS)
  • Asthma treatment Atecture Breezhale and multiple sclerosis medication Zeposia will make their debuts under the scheme, potentially saving patients paying more than $400 and $29,000 per year, respectively
  • Type two diabetes treatment Trulicity will also have its tenure on the listing extended
  • Inclusions under the scheme follow recommendations by the independent Pharmaceutical Benefits Advisory Committee and are updated on the first day of every month

A new swathe of commonly used multiple sclerosis, diabetes and asthma treatments will be included under the Pharmaceutical Benefits Scheme (PBS).

The latest listings, which have been made available under the Australian government subsidy as of yesterday, are set to cover medications used by around 51,800 people across the country.

Asthma treatment Atecture Breezhaler and multiple sclerosis medication Zeposia will make their debut on the listing, while the Trulicity diabetes medicament will have its PBS tenure extended.

Both new additions, Atecture and Zeposia, will be available to patients at a heavily discounted price tag of $41.30 per script or $6.60 for those with a concession card.

Inclusions under the scheme follow recommendations by the independent Pharmaceutical Benefits Advisory Committee (PBAC) and are updated on the first day of every month.

According to the PBAC, it weighs up the medical and cost-effectiveness of a proposed benefit compared to alternative therapies and makes recommendations to the Minister regarding which should be subsidised under the PBS.

New and extended listings

The Atecture Breezhaler is typically used to aid those suffering with the effects of asthma, by relaxing and reducing swelling and irritation in the small airways of the lungs and could previously set back patients more than $400 per year.

The second new addition, Zeposia, is a treatment for relapsing remitting multiple sclerosis, a chronic disease that affects more than 25,600 people in Australia and currently has no cure.

Its new PBS price represents a significant discount on the $29,000 per year patients could spend on the medicament.

Lastly, the type two diabetes treatment Trulicity will have its time under the scheme extended, granting around 12,000 patients in Australia discounted access to the medication.

The Australian Government has approved more than 2550 new or amended listings on the PBS since 2013.

More From The Market Online

Bullock: Hold call doesn’t rule out further tightening, if that’s required to beat inflation

Michele Bullock has made it very clear that the Reserve Bank is still strongly considering more rate hikes, especially if it’s the only

Reserve Bank holds rates at 4.35% as inflation battle drags on

The Reserve Bank has left the cash rate unchanged at 4.35%, warning inflation remains too high…
Global trade disruption concept with container ships blocked from entering or exiting the Strait of Hormuz. Maritime blockade and geopolitical tension affecting international supply chain and shipping routes.

Markets rally, ASX surges as US-Iran strike preliminary deal to reopen Strait of Hormuz

Australian shares rallied after the US and Iran confirmed a landmark ceasefire agreement, lifting miners, banks…
Close-up view of erupting molten lava, showcasing the intense heat and dynamic nature of volcanic activity.

Records up top, energy melt down, all eyes back on rech

Records on top. Regime turn underneath. Three U.S. indices closed at record highs into a holiday-shortened week. The Philadelphia Semiconductor Index ripped +5.53%...