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Consecutive Australian Government policies have help foster the destruction of the Australian Pharmaceutical Manufacturing Industry particularly Australian owned. Generic policy & removal of any incentives (such as Factor F) for Australian Research & Development products has meant Australian based operations have no hope of competing with multi-nationals who can bring in cheap generics. Foreign owned Alphapharm will be about the only local generic manufacture.

Once Sigma's manufacturing operations are sold off it will signal the death knell of a Austrialia's Pharmaceutical Manufacturing Industry. Many small supporting industries (e.g. those doing their bioavailabilty studies for generic registration) will suffer also.

So the sell off of Sigma's Pharmaceutical Division has wider implications. The Australian Government through the Future Fund should buy into Sigma or the Government Guarantee Sigma's Debt position with the Banks.

Save Sigma