Wednesday, 13th March 2019
Coalition Government Invests $150 Million in Stem Cell Research
North Queensland can look forward to a vital investment of $150 million in Federal Government funding that will breathe new life into stem cell medical research, potentially growing kidneys, repairing damaged spinal cords and be a cure for dementia.
The ten-year Australian Stem Cell Therapies Mission will be funded through the Government’s landmark Medical Research Future Fund, paving the way for stem cell scientists to continue their research.
Queensland Senato Ian Macdonald said the investment into the research would give Queensland patients suffering from kidney issues, spinal cord injuries and dementia a new lease on life.
“New, targeted and more effective stem cell treatments will be provided through regenerative medicine, precision medicine and synthetic biology,” Senator Macdonald said.
“This fund will accelerate the investigation of the use of stem cells from fat, cord blood, bone marrow and foetal tissue as possible treatments for spinal cord injuries.
“We’ve been told that stem cells can grow into brain cells and as a result may have the potential to repair brain damage caused by neurological conditions, which will give dementia patients and families some hope.”
Senator Macdonald said the funding could also fast-track the development of kidneys with functioning tissue as an alternative for renal replacement through human stem cells.
“Stem cell medicine is poised to become a core part of mainstream health care. It will transform and save the lives of people with incurable diseases,” Senator Macdonald said.
“It is the single largest boost in health and medical research funding in Australia’s history.”
Since 2013, the Coalition Government have provided $506.6 million for stem cell research through the National Health and Medical Research Council.