Increase in support funding will help Victorian medical research thrive on world stage

Increase in support funding will help Victorian medical research thrive on world stage

2nd May, 2017

Today’s Victorian Budget features good news for the state’s medical research institutes with a 25 per cent increase in operational infrastructure support costs.

The increased support will help drive growth in Victoria’s independent medical research institutes, which create high paying local jobs and contribute to the discoveries that prevent, diagnose and treat disease, Association of Australian Medical Research Institutes (AAMRI) President Professor Tony Cunningham AO said.

“Ultimately, this additional $8 million per year will result in better health outcomes for Victorians, and will be felt around the world,” he said.

“Our 15 Victorian members are among the world’s best in terms of their medical research output and its impact on patients globally.

“Just one discovery alone at Walter and Eliza Hall Institute has led to more than 20 million people with cancer being treated with colony stimulating factors, and that number increases every day.

“Then there is the work the Murdoch Childrens Research Institute is doing to find a cure for deadly anaphylactic allergies, of which Australian children have the worst incidence rates in the world.

“Peter Mac has a global reputation for its cancer research, The Florey is searching for a cure for Motor Neurone Disease (MND), and the Burnet Institute is working to improve childhood survival rates for our neighbours in Papua New Guinea through its Healthy Mothers, Healthy Babies program.

“Victorians should be proud of the work done by their medical research institutes and it’s good to see a state government recognising the importance of this work and supporting it so strongly.”

Professor Cunningham thanked Victorian Premier Daniel Andrews and Health Minister Jill Hennessy for their work with the medical research sector over the past year that led to the 25 per cent increase in operational infrastructure support costs.

“Today’s announcement is a vital step that will ensure Victoria can take full advantage of the Federal Government’s $20 billion Medical Research Future Fund as disbursements commence,” Professor Cunningham said.

“Medical research is a global, highly competitive industry, and support from state governments is vital to help our institutes remain competitive on the world stage.

“The medical technology and pharmaceuticals sector is the best performing smart industry in Australia, and support from state governments helps ensure this sector continues to grow export and other opportunities, while also improving and even saving lives.”

 

Media Contact: Rebecca Thorpe, 0401 419 590, rebecca.thorpe@aamri.org.au.