Commentary

Monash and Melbourne Universities join forces in new company to market medicines

2 Jun 2016
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Traditional rivals Monash and Melbourne Universities are collaborating to create a new company that will market and sell medicines developed by the institutions to pharmaceutical companies, reinvesting any profit into research.

Both universities are putting A$22.5 million towards the venture and the Victorian State Government is kicking in an additional A$10 million to get the business off the ground. The company will eventually register as a charity and search for further philanthropic funding to develop medicines to treat everything from cancers to immune disorders.

 

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Published year only: 
2016
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