Australia's reputation for excellence in cancer research has been strengthened with the launch of the Peter MacCallum Pfizer Translational Oncology Research Collaborative Hub (TORCH) at the Peter MacCallum Cancer Centre, by the Minister for Innovation, Industry, Science and Research, Senator the Hon. Kim Carr.
Pfizer Inc. has committed $15 million funding to support medical research and cancer drug development at the Peter MacCallum Cancer Centre over the next three years.
The collaboration will integrate three key activities to the future of cancer research - molecular imaging, cancer genomics and high quality clinical trial capabilities. The ultimate outcome will be new and improved treatments for cancer patients and the firming of Australia's role at the forefront of cancer research internationally.
"The development of new cancer treatments has undergone a dramatic change," added Craig Bennett, CEO of the Peter MacCallum Cancer Centre.
"The emphasis of research has shifted towards personalising medicine - using information and data from a patient's genotype to tailor drugs specifically to a patient's genetic profile. This is designed to work far more efficiently and has the potential to reduce side effects - a ground breaking concept in the treatment of cancer."
The launch of TORCH marks a significant expansion of the long-standing relationship between Pfizer Australia and the Peter MacCallum Cancer Centre. In the last year alone, the two organisations have collaborated on numerous pre-clinical programs and three Phase I clinical trials, with a fourth to commence later this year.
"Pfizer and the Peter MacCallum have a rich history of collaboration that has contributed significantly to pre-clinical and clinical cancer drug development programs," said Dr Daniel Grant, Head of Strategic Alliances for Pfizer Australia.
This new collaboration expands on the existing Pfizer program which combines PET- an imaging technique to measure important body functions, such as blood flow, oxygen use, and sugar metabolism to detect cancer in the body - with biomarkers used to predict which patients will benefit most from new cancer treatments.