Should Only Pharmacists Hold Pecuniary Interests in a Pharmaceutical Business?

Journal of Legal Medicine, Vol. 17, pp. 502-507, 2010

ANU College of Law Research Paper No. 10-10

7 Pages Posted: 23 Feb 2010 Last revised: 13 May 2010

Date Written: April 29, 2010

Abstract

Maintaining the community pharmacy arrangement within the Australian pharmaceutical industry is essential to appropriate maintenance of health care provision in Australia. Retaining legislative prohibitions on the range of permissible pecuniary interests in the “business of a pharmacy” is likely to ensure that pharmaceuticals continue to be provided to patients outside a hospital setting in circumstances that are optimally beneficial, safe and cost-effective. An Australian state legislature's policy of authorising only registered pharmacists to hold pecuniary interests in a pharmaceutical business is analyzed in connection with the case of Attorney General (NSW) v. Now.com.au Pty Ltd [2008] NSWSC 276.

Keywords: Pharmacy, pecuniary interest, pharmaceutical industry, managed care

JEL Classification: D42, D42, H41

Suggested Citation

Faunce, Thomas Alured, Should Only Pharmacists Hold Pecuniary Interests in a Pharmaceutical Business? (April 29, 2010). Journal of Legal Medicine, Vol. 17, pp. 502-507, 2010; ANU College of Law Research Paper No. 10-10. Available at SSRN: https://ssrn.com/abstract=1554312

Thomas Alured Faunce (Contact Author)

Australian National University ( email )

Canberra, Australian Capital Territory 0200
Australia
61 2 61253563 (Phone)

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