Updated on 16 July 2014
The takeover would help in conducting world-class research in fertility
Singapore: In a bid to ahead a major initiative towards the advancement of fertility research and treatment, the University of Sydney has announced a big take over. It said in an official statement that it had taken over 100 percent ownership of shares of Westmead IVF, that operates the private fertility clinic at Westmead Hospital, of Westmead fertility.
The announcement explained that Westmead IVF was given to the university as a form of donation from a foundation established by an alumnus of the institution, Professor of Obstetrics and Gynaecology Brian Trudinger.
It added that along with this, the University was also received a $10.4 million cash donation for the establishment of a chair in reproductive endocrinology and infertility, and the endowment of a research program in maternal foetal medicine.
The University said that the takeover would help in conducting world-class research in fertility involving the two phases of reproduction, falling pregnant and carrying a pregnancy to a successful outcome.
"By combining research into the beginnings of life, fertility, conception, the foetus, pregnancy and birth with a clinical facility for reproductive technology services, this gift will enable us to deepen and broaden that research and to return Australia to a position of world leadership in the field of assisted reproductive technologies," Dr Michael Spence, the University's Vice-Chancellor said.