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Channel / Source:
TEDx Talks
Title: Bringing medical research to patients and the economy | Brigitte Smith | TEDxFulbrightMelbourne
Published: 2017-09-13
Source: https://www.youtube.com/watch?v=MPo5pkD8RYQ
%HESITATION if you ask most people what Australians good at the answer that they will come up with ease balked and most people will be out to tell you who several Australians boating here eisa that's true but we're also really good at medical research and fewer people know about that so I'm going to talk to you today about ray medical research hero and their stories we're really
good at medical research in Australia and the government at different level spends about five billion dollars is about two hundred twenty five dollars for every Australian on medical research and this is not some of the results sorry if we type founded begat put divide by JD paid for the economy straight actually second best in the world which is a pretty outstanding results so we're really good
at that and the interesting thing is what what do we do with that what's the product that we can get out of that I it's interesting to look at Massachusetts where I went on my full right fellowship I end which seven million people and two point four billion dollars of government I research funding excellent universities excellent hospitals what have they created so if the economist scribes
Massachusetts as the preeminent biotechnology hop in the world at that three point four billion dollars of government funding has generated eighty thousand jobs on an ongoing basis and lots of money Floyd's in there were thirteen does that cocky always last you billions of dollars of venture capital funding and public company funding and on that health fraud full hundred and forty five new medical products in development
in clinical trials and the FBI approve between twenty and forty you drive every year bite of the drugs in two thousand six thing came out of Massachusetts so that's an incredible global health impact so I am a bitch capital invested just focused on life sciences and all over the Australian loss onto the nobody lost twenty years I've looked at thousands of Australian lot five companies and
we've got a lot of things right here so our research is all good by paying good for a long time we've been doing medical research in this country for a hundred years are there for their bane generations of excellent medical researchers five Nobel Prize in medicine and then the hospitals are really good the doctors are really good they've incredible facilities where we are waiting to die
are an example of the sort of infrastructure that the valuable to develop our medical research out regulator eve a verifiable regulator very helpful to getting new product into it patients and trying room so we have a thousand clinical trials done every year in Australia a lot of us play good father actually of drugs that were developed elsewhere but we have the ability to do that and
at Texas them out L. %HESITATION government also provides a lot of support we had packed invent you today are empty including clinical trials so much of the police pieces are in place to have a thriving bardic industry era for hundred and seventy company which is not bad but somehow we haven't now that we're not method to use that they've been lower a lot of the pacer
implies and I think the price to the right down the bottleneck is Rajit the beginning getting the rates it added the university's medical research institutes any theory a clean saw it lost in translation patent issued her a hundred million in research again Australia's the red bra where horrible at that we don't do nearly as much patenting is the U. S. right Britain and Canada for our
research manager and spinning companies out stock company four hundred million dollars of research expenditure both are pretty ordinary frankly sorry the reason for that I think is twofold one is that the incentive on our right exactly that the culture is not quite right sorry if you are medical research other most prestigious source of research funding in this country is the net national health and Medical Research
Council last year by my eight hundred and twenty million dollars of grants and this is a picture of pa Janet which shows you where that weight farm the red bow easy medical research which is directed at patient at home and it's time that thirty million dollars and the yellow by fifteen million dollars is it what is research that is directed towards commercial at com so if
you are a medical researcher and you want to get ahead are you going to focus on those conjugal bits at the top are you going to go for that part of medical research which really reward you for publishing papers if you are a doctor you are funded for treating patients and not for doing medical research so the funding system doesn't really push us towards having at
an industry and health outcomes as it might do you that's an opportunity for government and out there is also an opportunity for citizens which is that we should celebrate the people who do you do it well who get product out of the race that in future out of the universities any patients chiding health outcomes and into developing an industry Priscilla Kincaid Smith is my first Australian
medical research bureau she was the first woman professor at the university of Melbourne and I don't know if you you are familiar with the expression but last century if you're feeling stressed Beck's was marketed to you with the band are feeling stress have a Cup of tea a bit and a wide on and it became a bit of a judge my husband says it to me
when I'm a little bit stressed Priscilla can guide me worked out that following that advice was poisoning your vessel lead poisoning your kidneys as a a one of the ingredients index phenacetin with actually destroying your kidney so she worked it out that's the medical research base pretty good deduction but she then went on to lobby government harmlessly into Peck's with bank and pain killers the use
of painkillers was reduced and as a result of that work the translation work we have not got an epidemic of people with kidney damage on dialysis my next medical racer cute hero is berates me also are you %HESITATION not a relative of mine also if we are and her innovation was to discover a drug in your path hang the when the raid describe your path Haiti's
that incredible I can't hide the truth like reading your leg with no apparent course no it's nerve pain and my rate of it developed this drug spotted out from the university of Queensland into a company called spinifex which my firm invested in any true thousand fifth day in that company was sold as one of the biggest exits from the vegetable industry that Australia has everything thereby
creating a pop too short you can make money and it's a smart investment to invest in translating medical research and the rape a lake that you shouldn't do medical research and left you are going to translate it into it medicines for patients and make a difference in the world but medical history at medical hero excuse me if center Anderson who had the insight that if you
type mannitol a naturally occurring Hugo jutted into tiny tiny little particles that you can break date into your lungs you have a tool which you can use the dog north F. most optimize treatment about small entry lung diseases like cystic fibrosis enabling you to bring the mucus out of your lungs Sandra logic that work to a company called femme necklace which is now manufacturing product in
Australia exploiting it around the world and that rod is treating patients around the world with lung condition Sandra was modified it to bring people together from a lot of different disciplines Mike the tiny particles of metal Henfield means a capsule and work with patients safe the product worked and it did part three medical Racette Kira would be household names Priscilla can catch me if race meet
that anything you could remember you can go and tell people about them and if we celebrate our heroes of medical research we can change medical research culture in Australia and get the industry and health outcomes that we should five billion dollars of investment and the incredible legacy that we have is too good to wife
