Medicines Australia welcomes the Federal Government review of university research funding and policy which aims to find more ways to turn the hard work of Australian scientists into commercial success.

Medicines Australia CEO Tim James said, “Australia’s Universities have a great reputation for research and development around the world but they have often found it hard to turn this into a commercial reality in Australia.”

“Science has the potential to be one of the great industries for the Australian economy that will only grow in importance as traditional industries such as mining and heavy manufacturing decline. However, for this to become a reality we need to see the good words of the Government become strong actions.”

“We welcome the appointment of Dr Ian Watt AO to lead the review into University research funding and policy, however, it is disappointing that the review panel will not include a single member from a research-based industry such as the makers of innovative medicines.”

For more details, go to: https://medicinesaustralia.com.au/media-release/delivering-commercial-success-from-university-research-must-involve-the-innovative-researched-based-medicines-industry/