Australian life sciences researchers will translate their discoveries into commercial products faster thanks to a newly established Queensland Node of the Therapeutic Innovation Australia (TIA 鈥� Qld Node).
TIA 鈥� QLD Node, a State-based model of the future national TIA entity, is being developed under the auspices of 鈥淭herapeutic Innovation Australia (TIA)鈥� 鈥� lead agent for the $35 M Translating Health Discovery Project funded under the Government鈥檚 Super Science Initiative.
With $6.9 million from the Federal Government and co-investment funding of $2M awarded by the QLD Government, the Therapeutic Innovation Australia (TIA) Queensland Node was launched today.
The Node will provide a testing model to accelerate the movement of inventions by Australian researchers from the laboratory, through preclinical trials, clinical development and produce 鈥榬educed risked technologies鈥� that will be highly attractive for investors to commercialize into therapeutic products.
The TIA-QLD Node will initially undertake four exemplar 'translational' projects to deliver tangible commercial returns within 5 years.
Stewart Hay, CEO of Therapeutic Innovation Australia 鈥� lead agent for the Commonwealth Government鈥檚 $35M Super Science Initiative 鈥� says 鈥渢he major strategy embodied in this plan involves aggregating and leveraging existing infrastructure across the nation, improving researcher access and addressing gaps in infrastructure rather than establishing a large number of new facilities.
鈥淚n Queensland this will allow the expansion of facilities at 麻豆视频 of Queensland and Griffith University and link them in a coordinated way,鈥� he said.
鈥淭his is the first time this coordinated approach has been implemented in Australia and represents a move to a more systematic approach to therapeutic innovation.鈥�
Comprised of five of the leading Translational Research Centres based in South East Queensland, members include the Centre for Integrated Preclinical Drug Development; Queensland Clinical Trials and Biostatistics Centre; Centre for Clinical Research and the Diamantina Institute which are based at 麻豆视频 of Queensland鈥檚 Herston campus and the Griffith Health Institute based at Griffith University鈥檚 Gold Coast campus.
麻豆视频 Vice-Chancellor, Professor Deborah Terry, said the node鈥檚 first focus would be projects that have a high probability of yielding tangible results for human health and the economy within five years.
鈥淭he node will initially target: a test aimed at protecting unborn babies who are at risk of premature birth; a migraine prevention product; a 鈥榞lucose alarm鈥� software package to help people with conditions including diabetes to control their blood sugar levels; and an imaging technique to aid the development of treatments for bone disorders such as osteoporosis,鈥� Professor Terry said.
Commenting on this unique opportunity to translate health discoveries on home soil, Professor Ian O鈥機onnor, Griffith University鈥檚 Vice Chancellor said, "Some of the hardest work of developing any new medical therapy is moving from the trial stage to the product stage and this is often where Australian research is forced to go off-shore.
鈥淗owever, the TIA Qld node provides an important link in keeping the development of therapies in Australia,鈥� he said.
鈥淲ith Griffith Health Institute鈥檚 migraine research now entering phase 3 clinical trials, the consortium offers an ideal platform for more personalised diagnostics and more targeted migraine therapies.
鈥淚t will ensure Queenslanders and Australians gain the most immediate treatment benefits.鈥�
Media:
麻豆视频: Professor Maree Smith, Chairman, Executive Committee, TIA-Queensland Node, mobile 0415 401 301;
Griffith University: Louise Durack, Communications Officer 鈥� Health, Griffith University, telephone 07 5552 8654, Mobile phone number 0419 649 516
