Telix Pharmaceuticals Limited, a clinical-stage biopharmaceutical company focused on the development of diagnostic and therapeutic products based on targeted radiopharmaceuticals or “molecularlytargeted radiation” (MTR), has today announced that a consortium of industry collaborators, including CSIRO, GE Health and ThermoFisher and Telix have been awarded an AUD $1.1m Science and Industry Endowment Fund (SIEF) grant to support the establishment of an advanced biopharmaceutical manufacturing footprint in Clayton, Victoria (Australia).
The SIEF grant is part of a larger funding package totaling approximately AUD $5.5m, including existing funding commitments from CSIRO and MTPConnect. The consortium partners, which also includes Monash University as an academic collaboration partner, will cooperate to establish a pilot-scale “Good Manufacturing Practice” (GMP) facility to manufacture biologics, by expanding the Protein Production Facility (PPF) platform at CSIRO’s Clayton campus, adjacent to Monash University
Telix Co-Founder and CEO Dr. Christian Behrenbruch stated, “Australian SME biotech companies like Telix currently invest millions of dollars overseas each year running GMP manufacturing campaigns to support Phase I and Phase II programs. We estimate that over $100m of annual expenditure from the Australian bioscience ecosystem could be invested domestically with the availability of appropriate infrastructure. We have highly experienced local manufacturing know-how through the activities of excellent companies like CSL and Patheon (now ThermoFisher). For companies like Telix, this capability will have profound impact on the cost and speed of developing new biologic drugs.”
Dr. Keith McLean, Director of CSIRO Manufacturing commented, “Australia has a number of rapidly growing small biotechnology companies, like Telix, that need access to clinical-grade protein production that is phase-appropriate to their development needs. We see this capability as key missing piece in the Australian biotechnology ecosystem that is well-aligned with the country’s advanced manufacturing agenda.”
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