Boost for biologics manufacturing in Australia

NewsGuard 100/100 Score

AusBiotech has welcomed the news that Australia’s first major contract manufacturing facility for biologic medicines has secured backing and is set to be built in Queensland by 2012. 

Making the announcement at BIO Chicago yesterday, the Federal Innovation Minister Senator Kim Carr and Queensland Premier Anna Bligh said the Brisbane-based facility would be operated by international drug manufacturer DSM Biologics.

Speaking from BIO, AusBiotech CEO, Dr Anna Lavelle, said: “The facility will provide a welcome boost for the Australian biotechnology industry.”

“As the revolution in biotechnology-driven personalised medicine becomes a reality, biologics constitute the fastest growing market for medicines.

“Enhanced manufacturing in biologics, such as this infrastructure will bring, will position Australia well for the future, supporting highly-skilled jobs, manufacturing capability and the growth of the biotechnology industry.

“I fully support the Federal and Queensland governments’ commitment to the development of the biotechnology sector and retaining the estimated $60 million that goes offshore each year - this time with $10 million and $7 million investments respectively,” said Dr Lavelle. 

The $62 million facility is to be built in partnership with Queensland’s government-owned BioPharmaceuticals Australia, and located with the Translational Research Institute (TRI) on the Princess Alexandria Hospital campus in Brisbane. The TRI, headed by Professor Ian Frazer will contribute a further $45 million.

Dr Lavelle supported statements from Minister Carr and Premier Bligh that creating this capability will make Australia an attractive destination for investment in biopharmaceutical research, development and production, and Queensland’s plan to grow the industry to $20 billion in worth and employing 16,000 people by 2025.

www.ausbiotech.org

Source:

Comments

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
Post

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

You might also like...
LGM Pharma unveils enhanced analytical testing services and expands CDMO portfolio with additional suppository manufacturing capabilities