F H Faulding
Tweddell returned to Australia in 1988 as Managing Director of F. H. Faulding & Co, a pharmaceutical company based in Adelaide. It was Australia's leading native pharmaceutical company. As CEO, Faulding entered into a joint venture with the CSIRO to develop new drugs. He also advocated Federal Government funding for pharmaceutical research given that the Pharmaceutical Benefits Scheme. Under the Keating Government, pharmaceutical companies were offered incentives under the Factor f scheme to develop Australia's pharmaceutical industry. Following a Productivity Commission inquiry, the Factor f scheme was replaced by the Pharmaceutical Industry Investment Program. In 1999, Tweddell signed an agreement with the Federal Government where Faulding would receive $40 million in funding over five years in return for industry development.
Under Dr Tweddell, Faulding established Faulding Pharmaceuticals based in the northern hemisphere. By 2000, the company was receiving more than half of its revenue from overseas. The continued growth of Faulding led to Mayne Nickless buying the company leading to Tweddell's resignation as CEO and from the board in 2001. At that point, it was one of the biggest companies in South Australia.
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