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Strathclyde University secures £34 million funding for cheaper medicine project

Monday 10th June 2013
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Strathclyde University has secured over £34 million in funding for a project aimed at creating medicines that are cheaper and developed quicker.

The Scottish institute is the head of an initiative which is designed to create and adapt medication at a much more efficient rate that is currently available at the moment. The university is working alongside major health companies such as GSK, Novartis, AstraZeneca as well as Cancer Research UK at the Centre for Innovative Manufacturing in Continuous Manufacturing and Crystallisation.

Officials explained that the institute's project has already benefited from £11.4 million that was awarded by the Higher Education Funding Council for England while £22.8 million has been provided by the industry leaders that it is working with. The latest batch of funding is set to ensure that the project continues at a pace.

Professor Sir Jim McDonald, principal of the university, said: "Strathclyde is leading an international technological collaboration with global firms including GSK, Novartis, AstraZeneca and Cancer Research UK.

"This national facility is an excellent example of Strathclyde's ability to deliver innovation by working creatively with industry and our academic partners at the Universities of Bath, Cambridge, Edinburgh, Glasgow, Heriot-Watt, and Loughborough."

The work is set to take place at the new £98 million Technology Innovation Centre with university staff collaborating with industry officials. It is designed to transform the way in which businesses and academia work together to find solutions to global challenges while at the same time helping to create and support the economy.

Cheaper medicine is regarded as being a major priority in the health service and it is not just cost-effective drugs that need to be implemented. The British Heart Foundation (BHF) has been looking at ways of developing cheaper testing methods to help tackle the problem of heart disease.

Wales Online reported that despite deaths from this illness halving in the past 30 years, the BHF recognises there is still a huge burden on people that are affected by this ailment and more needs to be done to ensure that the death rate remains low.

Contact the specialist recruitment company, Mediplacements, to see the latest pharmacy jobs.

written by Martin LambertADNFCR-1780-ID-801596897-ADNFCR

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