Medicines now the top hi-tech Australian export in 2009

Australia's pharmaceutical industry has overtaken road vehicles to become the nation's largest hi-tech exporter, according to a new industry 'Facts Book,' which contains key industry statistics and other information. It highlights the contribution of the local pharmaceutical industry to the health and economic wellbeing of Australians.

Brendan Shaw, acting chief executive of the research-based drugmakers group Medicines Australia, said the information, compiled by his association, demonstrates the value of Australia's new largest hi-tech exporter.

'Australians can be very proud that fellow-Aussies have been working relentlessly at the lab bench, in hospitals and factories and in many other environments to bring new medicines and vaccines to patients both in Australia and overseas,' Dr Shaw said, adding: 'This is a real export success story. Every day, these new medicines are saving, improving and extending lives of ordinary Australians and patients in other countries.'