$15 million for CSO wholesalers

Wholesalers have welcomed CSO changes which will see them receive $15 million extra in offset funding

The National Pharmaceutical Services Association, Australia’s peak organisation representing full-line pharmaceutical wholesalers, says it welcomes changes to the Community Service Obligation announced today, and looks forward to working closely with government over the coming months to further secure the long-term stability of the sector.

CSO wholesalers will each receive a proportion of a total $15 million in additional funds to offset the impact of a funding agreement between the government and Medicines Australia that was announced as part of this year’s Federal Budget.

“The NPSA and its members view this change to the CSO as recognition of the impact of the government’s funding arrangement with Medicines Australia,” says NPSA Chairman Mark Hooper.

“We are encouraged that government is acting quickly to deliver changes announced in this year’s Budget, correcting an imbalance in the remuneration structure.

“Over the coming weeks and months, the NPSA will continue to work with government to ensure the deeper, systemic issues within the current remuneration model are addressed for the long-term stability of Australia’s pharmaceutical supply chain,” he says.

Sigma earlier welcomed the announcement, which will see it receive an additional $5.2 million of funding.

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