Australia has one of the best healthcare systems in the world. Did you know that Australia is one of the countries which spends heavily on R&D? Pharmaceutical companies spend a whopping 1.8% of their total GDP on R&D. If you are someone who is keen on Research, then Australia is the country for you. In this article we will let you know the top 5 companies where you can kick start your pharmacy career.
Australia’s multi-billion-dollar pharmaceutical market has grown steadily over the past decade. The Pharmaceutical Manufacturing industry generated $12.0bn in 2022. Australia majorly exports medicines to the USA, New Zealand and other countries, even though the percentage of imports is more than exports.
To maintain its strong position in the pharmaceutical industry, Australia needs to hire more pharmacists, and Indian pharmacists are a good fit for these jobs. The demand for pharmacists is expected to increase by 9% in the next two years. R&D pharmacists in Australia earn an average salary of around $70,000 to $80,000 per year (which is around ₹ 58 lakhs to ₹ 66 Lakhs per year). Australia offers a number of benefits to pharmacists, including a strong work-life balance, good job security, and access to high-quality healthcare and education. We have discussed the same topic in depth in previous blogs. You can check it out here.
Top 5 Pharma Industries to work at:
Now let’s take a look at the top 5 pharmaceutical industries where one can work in Australia. These companies enjoy a distinction of being committed to diversity and they provide a workplace where everyone feels respected and valued, regardless of their nationality.
These are Pfizer, Otsuka, Dr. Reddy’s, Roche and Sanofi. These companies value diversity and have a global workforce.
Pfizer: Pfizer spends 11.4% of its total revenue in R & D. It has manufacturing facilities in Melbourne, Sydney, Adelaide and Perth. Their medicines are used in hospitals and pharmacies all over the country.
Sanofi: This company is a leading manufacturer of vaccines and Diabetes medicines. In fact, 95% of young Australians will have had a Sanofi vaccine by age five. It is one of the top 10 companies in the world along with Pfizer who spend heavily on R & D. It has headquarters in Sydney with a manufacturing unit in Brisbane, offices in Auckland, Melbourne, Adelaide and Perth.
Otsuka: Otsuka Australia was established in 2014. It is involved in developing new treatments in areas including CNS Disorders, Nephrology, hematology and oncology. It has its office in Chatswood.
Roche: This company has been operating for more than 65 years now. It employs more than 300 people in Australia and invests more than $46 million AUD in local research and development each year.
Dr. Reddy’s: Dr. Reddy’s began its operations in Australia in 2009 and has a head office in Melbourne. They are mainly involved in production of generic medicines and specific OTC Consumer Health range.
Roles offered by these industries:
These companies offer a variety of roles for pharmacists and other pharmaceutical professionals, including: Research and development, Manufacturing, Quality assurance, Regulatory affairs, Marketing and sales, Clinical trials and Medical information.
R&D professionals not only design and conduct experiments but also analyze data, and write scientific papers to discover and develop new medicines.
Equally important are people in manufacturing who ensure that medicines are manufactured to the highest standards of quality and safety.
QA involves development and implementation of quality control procedures which ensures safety and efficacy of medicines. Compliance with regulatory requirements is also taken care.
Regulatory affairs professionals, work with regulatory agencies to submit and obtain approval for new medicines and make changes to existing medicines.
Marketing and sales team promote and sell medicines to healthcare professionals and patients. They educate healthcare professionals about the benefits of new medicines as well as help patients understand how to take their medications safely and effectively.
Moving further, pharmacists in clinical trial ensure that the trials are conducted ethically and in accordance with regulatory requirements.
People working in medical information provide healthcare professionals and patients with information about medicines, and answer questions about the safety, efficacy, and side effects of medicines.
Once you have cleared the KAPS exams and are on the lookout for jobs in the Pharmaceutical industry in Australia, you can check the following websites for job opportunities.
- Seek
- Indeed
- Pharmacy Guild of Australia
- Australian Pharmacy Board
- Pharmiweb.jobs Australia
Australia is a great option for pharmacists to start their career. This country offers many opportunities to you.! As an Indian pharmacist who is interested in working in Australia, there are a number of resources available to help you get started. We at Coachminister provide you with complete guidance on how to crack the KAPS exams. If you wish to explore this path, click here and we will help you reach your destination!
