Posted by Michael Wonder on 25 May 2017
Strength in clinical trials set to grow with funding boost
25 May 2017 - Australia’s world-class clinical trial capabilities are set to grow, with a $33 million funding boost announced by Health Minister the Hon. Greg Hunt MP on International Clinical Trials Day.
The Minister’s Office said the funding aims to speed the clinical trial process while maintaining safety; improve processes for sponsors and navigators; and produce better and more efficient outcomes for patients.
Each year around 1,000 new clinical trials commence in Australia by pharmaceutical, biotechnology and medical device companies, which represents AU$1 billion investment. The most recent figures show record numbers of trials with 1,360 trials commenced in 2015.
