Australia’s medical innovation approach: Is it suitable for regenerative medicine?

Existing medical innovation pipelines have emerged to support the development of more conventional therapies and are often poorly suited to regenerative medicine. In recognition of this, a number of jurisdictions, including Japan, the UK, Canada and various U.S. states have launched state-level, system-wide strategies aimed at improving their ‘readiness’ for developing and implementing regenerative medicine. This includes the establishment of new funding mechanisms, facilitative regulatory frameworks, and initiatives to support academic networks and academic-industry-healthcare collaborations. All of these are aimed at accelerating innovation. Australia’s approach to its medical future is notably different. Despite asserting a commitment to invest heavily in medical innovation for the purpose of future health and prosperity, RM has not been identified as a specific national-level strategic priority. Australia thus provides an interesting and contrasting case study for how system-wide readiness for RM may be achieved ‘by other means’.

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