Lifestyle

PM Morrison announces $23 million precision medicine investment

Prime Minister Scott Morrison has introduced $23 million in investment to Global Medical Solutions for the manufacturing of precision drugs which deal with most cancers, kidney illness and different sicknesses in Australia.

“Today I’m very pleased to announce that we are investing $23 million in funding to Global Medical Solutions – Australia’s Precision Medicine Enterprise project under the collaboration stream of the Modern Manufacturing Initiative,” Mr Morrison stated at a media convention on Monday.

“What that means is, is we’re building a cyclotron, which deals with protons not electrons.”

Global Medical Solutions Australia will paintings with companions Monash University and Telix Pharmaceuticals for the manufacturing of precision drugs for the remedy of most cancers, kidney illness and different sicknesses in Australia.

Mr Morrison stated the funding demonstrated the Government’s dedication to development Australia’s scientific production capacity.

“We are building an ecosystem of people, of scientists obviously, of the research infrastructure …. and as they move between each other they are doing one thing, they are unlocking the wealth of our nation,” he stated.

“They’re doing it by bringing out the innovation, the ingenuity and the research capability that is creating the discoveries that is setting up incredible commercial opportunities for jobs in this country well into the future.

“This is all about manufacturing jobs where we are today.”



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