Life Sciences & Healthcare

Global Veterinary Surgical Instrument Projected Growth due to R&D Incentives

April 8th, 2019

A study involving some of the biggest veterinary surgical instruments manufacturers predicts a growth of approximately 6.5% during the forecast period 2018- 2023.   The growth is as a result of the rise in R&D expenditure, product innovation and demands in pet care on a global scale as the market is increasing going more competitive. Per a geological analysis, North America is expected to be on the forefront of this market followed by Europe. Asia- pacific will be expected to […]

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Australia’s Attractiveness for Clinical Trials

March 6th, 2019

To bring a new drug to market, an average of 12 years and $1.7 billion (US) in R&D spending is required. Yet only 1 in 5,000 drugs that begin preclinical testing make it to the market. This has led to a disproportionate number of drugs being developed for rare diseases (affecting less than 200,000 in the US at any given time) due to a 25.3% success rate versus 3.4% for oncology. Many argue this is unsustainable and there is pressure […]

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Senate Economics Committee Review Into Proposed R&D Tax Incentive Changes

January 31st, 2019

The Senate Economics Legislation Committee conducted a public hearing in Melbourne on 30 January which heard submissions from various stakeholders including: Cochlear Ltd; Brickworks Ltd; CSL; Dulux Group; The AFR has reported that representatives from these groups have consistently argued that continual change to R&D Tax Incentive introduces uncertainty and reduces Australia’s relative attractiveness as an investment location. In fact, R&D spending in Australia has fallen by over $2 billion since 2013-14. The proposed intensity threshold for companies with annual turnover […]

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innovAGEING – Australia’s First Aged Care Innovation Network

February 22nd, 2018

Australia’s ageing population means that over 1 million aged care staff will be needed by 2050. This presents numerous opportunities for technological and service-based change in the sector. innovAGEING is Australia’s first innovation network for aged care services and aims to encourage progressive thinkers and practitioners in the industry. The innovAGEING program aims to improve the lives of the elderly, helping them to maintain their independence and allowing them to have more say in their way of living. It promotes the […]

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