A Macquarie University start-up that created a new way to develop drugs faster and more cheaply than current methods, has won a CSIRO innovation award.
Currently it takes over a decade and $2 billion to develop a new drug. Of these, four out of five will never be launched.
If we want everyone in need to have access to affordable and effective medications, we must reduce the time and cost associated with drug development, argues Molecular Sciences’ Professor Peter Karuso.
Indonesian and Australian entrepreneurs will have more opportunities and support for collaborative start-ups, thanks to a joint-push by Austrade and technology companies telkom telstra and muru-D announced in May 2016.
muru-D, a start-up accelerator backed by Telstra, has previously lent its support to aquatic drones and a “ride-sharing service to space” via nano-satellites. The support for start-ups includes seed funding, coaching, mentoring and access to a network of industry professionals, from their offices in Sydney and Singapore.
