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Thursday, 10 March 1966

Mr UREN (REID, NEW SOUTH WALES) - Is the Prime Minister aware that a leading Australian financial organisation has made a survey of the pharmaceutical industry? This survey discloses that 16 of the 17 top companies in this field are foreign owned and 13 of these companies are controlled by their parent companies in the United States of America? Will the Government conduct an inquiry into the industry? If the facts disclosed in the survey are correct, will the Government act to protect Australian owned companies from overseas monopolies? Will the Prime Minister consider also the expansion of the Commonwealth Serum Laboratories so that that organisation may enter into competition with foreign owned companies?

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