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Advance Queensland cofunds development of new drug treatments in Queensland

The Queensland Government has provided $4.169 million in Advance Queensland funding to help establish the Queensland Emory Drug Discovery Initiative (QEDDI). QEDDI is a partnership between The University of Queensland (UQ) and Emory University’s Institute for Drug Development.

New drug treatments

QEDDI will help accelerate the development of biological discoveries by Queensland scientists into cost-effective medications and treatments for unmet medical needs.

This means that treatments for serious medical conditions such as cancer, diabetes and infection can be developed in Queensland—helping to both attract and retain local talent, and boost our economy.

The Queensland Government recognises that taking research from the lab to clinical trials and through to market can take decades and has a high attrition rate. This partnership seeks to facilitate the commercialisation process—from the lab to the marketplace—for ground-breaking medical discoveries in Queensland.

Additional funding

In addition to the state government funding, UQ will fund QEDDI over the next 10 years through a reinvestment of returns from successful commercialisation activities.

Find out more about the QEDDI partnership.

Further information

Licence
Creative Commons Attribution-NoDerivs 3.0 Australia (CC BY-ND 3.0)
Last updated
18 July, 2017

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