Skip to content Skip to menu

Texas Medical Centre Partnership a Boost to Aussie Researchers and Economy

Thursday, 25 October 2018

Media Release

Medicines Australia welcomes today’s announcement by Minister for Health, the Hon Greg Hunt MP on the MOU between Australia and the Texas Medical Centre (TMC).

Liz de Somer, CEO of Medicines Australia said: “The historic partnership will enable Australian medical researchers to extend their knowledge at the world’s largest children’s and cancer hospital.

“The experience that this will provide Australian medical researchers in emerging fields like genomics, will undoubtedly translate to knowledge sharing back to Australia,” said Ms de Somer.

“Knowledge sharing is a critical element of success for the innovative pharmaceutical industry in Australia. We are a global sector, and by tapping into international resources, we develop the skills of the Australian workforce, boost the economy and provide up and downstream linkages to other sectors.

“A recent report commissioned by the Association of Australian Medical Research Institute (AAMRI) found that for every dollar invested in medical research, $3.90 is returned to the Australian economy.

“This astronomical return on investment is tangible proof that focusing on the research capabilities of Australian scientists – like the MOU with the Texas Medical Centre- will pay dividends.

“Most importantly however, international alliances like the MOU with the TMC, help to deliver new medicines to Australians faster through faster access, and more clinical trials.

“I commend the Government’s commitment to ensuring Australia remains a global leader in scientific innovation,” said Ms de Somer.

 

Ends

More information – Natalie Wimmer – 0450728660 – nwimmer@medaus.com.au

Top