Updated on 5 September 2013
Australia has provided international stakeholders with a safe, professional and cost-effective stepping stone in to the Asian growth markets.
Australia, often regarded by market experts as the most mature clinical research market in Asia Pacific, has leveraged substantially on the recent boom in the global life science industry. Although Australia shot to fame as a research hotspot in the early part of the last decade, its evolving and effective regulatory system has helped the country retain its position on the global chart of leading clinical research hubs.
In recent times, however, a few reports of misconduct in Australian research have emerged. Allegations of inaccuracies in reporting of research results became a burning issue after a review was published in the Proceedings of the National Academy of Science in 2012. The review by Dr Arturo Casadevall from the Albert Einstein College of Medicine in New York, US, showed that the percentage of scientific papers that have been retracted or withdrawn by the authors because of mistakes had increased 10-fold in the last three decades. He also found that out of 2,000 retracted scientific papers, 20 percent of mistakes were genuine errors, while almost 70 percent of the errors were due to misconduct and suspected fraud.
Clinical trials of an experimental cancer drug being undertaken by the University of New South Wales were suspended after questions about the accuracy of some preliminary results were made public. Further allegations of inaccuracies stemmed out of a research result from the Queensland University of Technology. In both instances, the scientific publications were retracted. Following reports of similar cases, a clinical trial of a skin cancer drug was suspended in 2013, leading to a unified call from the industry for an independent body to oversee scientific research in the country. Australia's current rate of investment in research and innovation is 2.2 percent, which is considered below average for an OECD country and lags behind regional competitors such as Korea and Japan. However, recent developments highlight that there is hope on the horizon.
Industry boosting endeavors
Ahead of the elections in August this year, Australian Prime Minister Kevin Rudd announced the unveiling of $125 million fund for health and medical research, focusing on regenerative medicine. The scheme is aimed at taking Australian breakthroughs from the lab to the patient and the government funding will be matched by the private sector, bringing the total research fund to $250 million. "In the 21st century, the next frontier for medicine will be biological medicine, regenerative medicine and genomics. Australia has a track record of great medical breakthroughs and extra funding would bring more jobs and other economic benefits to Australia. The government estimated that between 2009 and 2020, the financial burden of end-stage kidney disease would be $12 billion, so this funding targets kidney research in specific," the Prime Minister had said. This announcement came after the McKeon review of health and medical research released 21 recommendations for better health results in April this year.