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$ 270 Million to Accelerate Healthcare Innovation

$ 270 Million to Accelerate Healthcare Innovation

 


Funding for two new facilities, Camperdown’s Sydney Biomedical Accelerator Complex and Westmead’s viral vector manufacturing facility, is rare as part of the NSW Government’s efforts to transform the industry and promote world-leading health. We support the development of cures for life-threatening illnesses. And research district.

Premier DominicPerrottetsaid was an important investment in a growing industry that helped provide what is important to the people of New South Wales to improve their daily lives.

The Government of New South Wales is committed to putting the state at the forefront of innovative health care by continuing to invest in Mr Perrottetsaid, a state-of-the-art health and research district.

We hope that this investment in biomedical technology will bring world-leading researchers, scientists and clinicians to our medical district and bring breakthrough results that will bring a bright future to people around the world. increase.

The $ 270.3 million investment in the 2022-23NSW budget includes:

$ 143.3 million over four years at the Sydney Biomedical Accelerator Complex, a state-of-the-art biomedical research complex located at the same location as Royal Prince Alfred Hospital and the University of Sydney. $ 51.8 million over four years to accelerate NSW’s commercial-scale viral vector products for both research and clinical trial purposes. $ 49.6 million to build a commercially viable viral vector manufacturing facility (VVMF) that manufactures viral vectors, an essential component of most gene replacement therapies, innovative and life-saving genes such as CART cell therapy $ 25.6 million in 2022-23 for base therapy.

Health Minister Brad Hazard said expanding to commercial-scale viral vector production would ensure faster access to life-saving therapies.

Hazard said these advanced treatments are state-of-the-art and offer new hopes for remission and long-term survival for patients with rare and previously incurable conditions.

In addition, NSW patients have better access to community-based clinical trials and access to highly innovative treatment options, which is a burden in combating illnesses that previously had very limited treatment options. Can be reduced.

A viral vector is a virus in which a genetic substance has been replaced by a genetic drug. Although they are increasingly being used in the development of COVID-19 vaccines, they are also essential in providing life-saving gene replacement therapies to patients, such as CAR T cell therapy.

The investment will establish New South Wales as a leader in this medical technology and increase production capacity to support the demand for viral vectors in clinical trials, Finance Secretary Matt Keane said.

These investments will help strengthen NSW’s advanced biomanufacturing presence and foster a dynamic ecosystem of current and future innovation, education and research, Keane said.

Alister Henskens, Minister of Science, Technology and Innovation, said the new investment was $ 119.1 million invested in the RNA R & D initiative over a 10-year budget from 2022 to 23, and 95.8 million announced in October 2021. He said he would be added to the dollar RNA pilot manufacturing facility.

The field of gene therapy and cell therapy has grown significantly, and further investment in this industry will not only support NSW’s work, but will also provide access to breakthrough therapies and therapies, Henskensai said. Stated.

The Government of New South Wales has invested $ 25.6 million in medical and scientific innovation to combat illness in the New South Wales budget of 2022-23.

Funds support access to:

CAR T cell therapy that modifies a person’s own immune cells to attack cancer. This treatment provides remission and hope for long-term survival in patients with hematological cancer. Genetic therapy for people with hereditary blindness, retinitis pigmentosa. This potentially vision-protecting treatment is Australia’s first publicly funded gene therapy. And monoclonal antibody therapy for neuroblastoma. This treatment improves the long-term outcome of children with this type of cancer.

Located in Westmead Health and Innovation Precinct, this Viral Vector Manufacturing Facility project is a collaboration between NSW Treasury, Investment NSW, and various NSW Health entities such as Health Infrastructure, Office of Health and Medical Research, Sydney Childrens Hospitals Network, and Childrens Medical Research Institute. Western Sydney Local Health District.

Sources

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2/ https://www.nsw.gov.au/media-releases/270-million-to-accelerate-med-tech-innovation

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