Should Only Pharmacists Hold Pecuniary Interests in a Pharmaceutical Business?
Journal of Legal Medicine, Vol. 17, pp. 502-507, 2010
7 Pages Posted: 23 Feb 2010 Last revised: 13 May 2010
Date Written: April 29, 2010
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  NSWSC 276.
Keywords: Pharmacy, pecuniary interest, pharmaceutical industry, managed care
JEL Classification: D42, D42, H41
Suggested Citation: Suggested Citation