spacer
home > ebr > summer 2007 > the oz factor
PUBLICATIONS
European Biopharmaceutical Review

The Oz Factor

Australia offers European investors a wealth of untapped opportunities in biotechnology, says Nicola Watkinson of Invest Australia, who explains the advantages of Australia’s biopharmaceutical market for European companies

With a strong science base, state-of-the-art infrastructure and transparent, internationally harmonised regulatory and intellectual property regimes, together with its globally costcompetitive R&D facilities and combined with its record of commercialisation, Australia is an ideal destination for biotechnology investment. With 427 core biotech companies, Australia is a strong biotechnology location in the Asia-Pacific and the sixth largest centre in the world (1).

Australia also offers a dependable business bridge for companies seeking to enter the lucrative Asian markets. Australia’s time zone advantages, its cultural affinity with Asia and its Euro-American-style business environment are all strong attributes. These features, when combined with a secure political climate and strong macroeconomic environment, provide prudent European pharmaceutical companies with a dependable springboard to surrounding markets, ensuring a strong pipeline of new therapeutic products.

Australia’s international reputation as the biotech hub for the Asia-Pacific is becoming increasingly entrenched in the minds of the global biotechnology community. Of the 380 partnerships formed in 2006, over 67 per cent were with overseas companies or agencies (2).

Home to a thriving network of 427 companies, Australia’s domestic market is comprised of firms whose core business is biotechnology. Of these, 49 per cent are involved in human therapeutics, 16 per cent in agricultural biotech and 13 per cent in diagnostics. Almost 100 biotechnology companies are listed on the Australian stock exchange (an increase from 73 in 2004) and their total revenue exceeds £1.2 billion.

The nation’s medical research institutions and universities have a strong history of R&D. They generate a stream of world class discoveries with commercial potential in a variety of areas: the molecular genetics of cancer, malaria, epilepsy, immunology, vaccine development, obesity, diabetes, neuroscience, assisted reproductive technology, stem cells and regenerative medicine.

Australia has significant biomedical strengths in clinical trials and stem cell research. Forbes has identified Australia as a ‘surprising’ leader in stem cells, with one of the many recent discoveries including the identification of breast stem cells by the Walter and Eliza Hall Institute of medical research (WEHI) and the Victorian Breast Cancer Research Consortium.

BENEFITS OF CONDUCTING CLINICAL TRIALS IN AUSTRALIA

Some 700 clinical trials are carried out at more than 2,000 sites in Australia each year. Among the multinational companies which regularly involve their Australian affiliates in international trials are AstraZeneca, Amgen, Bristol Myers Squibb, Biogen Idec, Eli Lilly, GlaxoSmithKline, Merck Sharp & Dohme, Novartis, Pfizer and Roche. In an Economist Intelligence Unit pharmaceutical benchmarking analysis (3), Australia was ranked first as the location to conduct clinical trials, ahead of Germany, India, Japan, Singapore, the UK and the US.


Read full article from PDF >>

Rate this article You must be a member of the site to make a vote.  
Average rating:
0
     

There are no comments in regards to this article.

spacer
Nicola Watkinson has been the Senior Investment Commissioner for Europe since March 2003, identifying new investment opportunities in Australia for European firms seeking to grow globally. She manages offices in France, the UK and Germany, supported by an expert team of multilingual staff. Nicola works closely with major corporations and SMEs to develop the business case for Australia. Nicola has created extensive networks across business, industry groups, chambers of commerce and governments. Nicola has more than eight years of experience in attracting investment into Australia and has co-ordinated projects which have brought in an excess of A$2 billion of new capital investment and created 2,000 new jobs in Australia. Nicola is on the board of the Industrial Supplies Office (now Industry Capability Network), Victorian Branch, and the Australian Swiss Chamber of Commerce Executive Committee.
spacer
Nicola Watkinson
spacer
spacer
Print this page
Send to a friend
Privacy statement
News and Press Releases

Destiny Pharma appoints MedPharm to develop new XF-platform drug formulations

Destiny Pharma, a clinical stage biotechnology company focused on the development of novel antimicrobial drugs, is pleased to announce that it has appointed MedPharm as its expert partner to develop new topical formulations of the Company’s novel XF-platform compounds. These new treatments for dermal and ocular infections are part of its second clinical programme to address the global problem of anti-microbial resistance (AMR). MedPharm is a world leading contract provider of topical and transdermal product design and formulation development services using sophisticated in vitro models to de-risk development programmes.
More info >>

White Papers

The Key To Tableting Success: How To Choose The Right Tooling

Natoli Engineering Company, Inc.

Choosing the right tooling can increase tablet output, decrease waste and ultimately determine the success of a product launch.
More info >>

 
Industry Events

ELRIG Drug Discovery 2019 – Looking Back to the Future

5-6 November 2019, ACC, Liverpool

Now in its 13th year, ELRIG’s flagship conference Drug Discovery 2019 will take place at ACC in Liverpool. This year’s focus, ‘A Look Back to the Future’ is planned to include plenary introductions assessing how we got to where we are now and setting the challenges for discovering the drugs of the future. These will be followed by cutting edge talks and examples of new directions in drug discovery. Our scientific programme will feature over 40 world-class speakers with 6 main session tracks. In partnership with key academic and charitable groups, we will also run joint disease and biology-oriented tracks focusing on the basic sciences that underpin successful drug discovery.
More info >>

 

 

©2000-2011 Samedan Ltd.
Add to favourites

Print this page

Send to a friend
Privacy statement