Agreement paves way for stem cell research commercialisation

June 14 / 138

Program Leader of Stem Cells Australia Martin Pera.
Program Leader of Stem Cells Australia Martin Pera.

A Memorandum of Understanding (MoU) between Stem Cells Australia and Canada’s Centre for Commercialization of Regenerative Medicine (CCRM) will speed up the transition of stem cell research into medical practice.

Stem Cells Australia (SCA) brings together Australia’s premier life scientists to explore the mechanisms of stem cell regulation and differentiation, and translate this knowledge into biotechnological and therapeutic applications.

It is a joint project of several Australian universities and research institutes, including the University of Melbourne, the Walter and Eliza Hall Institute, the Florey Institute of Neuroscience and Mental Health and the CSIRO.

The CCRM is a not-for-profit organization that supports the development of technologies that accelerate the commercialisation of stem cell- and biomaterials-based technologies and therapies.

The MoU will help the organisations to build an international cluster of scientific excellence.

Program Leader of Stem Cells Australia and Chair of Stem Cell Sciences at the University Martin Pera said the MoU would extend CCRM’s business development expertise and development capabilities to other projects.

“This partnership will also give Australian scientists the means to interact with CCRM’s industry partners to showcase their technical expertise and know-how,” Professor Pera said.

“We anticipate this trial agreement will lead to more extensive opportunities for engagement of Australian stem cell researchers outside of the consortium with SCA and the CCRM.”

CCRM chief executive Michael May said Stem Cells Australia research would benefit from CCRM’s due diligence and licensing processes.

“Being able to review disclosures from Canada and Australia will enhance CCRM’s ability to identify the most promising discoveries for commercialisation and this, ultimately, benefits the regenerative medicine community,” Dr May said.

Editorial Enquiries

Got a story?

Staff are encouraged to submit stories. There are some important steps in preparing a media-ready story.  Email musse-editor@unimelb.edu.au

Share/Save