Home' Australasian BioTechnology : Vol 28 No 1 Contents Australasian BioTechnology | Volume 28 | Number 1
In addition to clinical research studies, we are
engaged in initiatives focused on developing the
skills and experience of our partners in areas such as
advanced manufacturing and commercial operations,
as well as increasing business investment and export
Our success in the Asia-Pacific region is largely
due to the achievements of the Asia-Pacific New
Technologies Team (ANTT) – a dedicated team with
a diverse range of backgrounds covering clinical,
engineering, commercial and operations experience.
ANTT, along with the Asia-Pacific Commercialisation
and Development Centre, is now part of Cook
Medical’s global New Ventures team, whose mission
is to open the door for discovery, evaluation and
creation of new solutions that enhance patient care.
For example, one specific avenue we look to for
partnership opportunities are programs that help
accelerate medical solutions by validating clinical
needs prior to developing solutions or technologies.
Advancements in progress
While Australia has traditionally not fulfilled its
potential in the commercialisation of intellectual
property (IP), there are promising signs.
Australia’s manufacturing industry is undergoing a
transformation, with the advancement of medical
technologies (medtech) at the forefront of that change.
In its 2017 Annual Highlights report, MTPConnect
released new sector metrics that showed jobs
supported by the medical technology, biotechnology
and pharmaceutical (MTP) sector had increased by
10 per cent to 62,000 from 2015 to 2016, and that
manufacturing exports were up by 30 per cent to
MTPConnect’s Annual Highlights report also showed
that 1.4 billion was invested in the R&D space, with
almost 50 per cent of that figure from industry.
These figures point to the growth and commitment
in the industry. This is largely due to the efforts of
individuals that have worked to shape the industry,
as well as policies that support its growth. Industry
leaders, however, must encourage and support local
production and manufacturing to ensure that the
Australian medtech industry continues to mature and
compete on a global scale.
It is increasingly evident that local advances in science,
technology and materials will ensure a vibrant,
advanced manufacturing sector for Australia that
is capable of producing high-value and innovative
Alongside those critical product innovations,
Australia’s medtech industry will be further sustained
by ongoing investments in design and manufacturing
processes that align with global industry phenomena,
such as digital transformation and Industry 4.0.
With a mature, thriving advanced manufacturing
sector, Australia will be well positioned to realise
further export opportunities for IP derived from
manufacturing process improvements.
This is an opportunity we understand very well at
Cook Medical Australia. While our mission is to pursue
innovative healthcare treatments that respond directly
to patient needs, we are also focused on how we can
continuously improve our manufacturing processes to
maximise the efficiencies of production and reduce
product lead times.
Partnering with the University of Queensland, Cook
Medical Australia was instrumental in bringing
together research and industry partners to establish
the Australian Research Council (ARC) Research Hub
for Advanced Manufacturing of Medical Devices
(www.ammd.org.au). The Hub seeks to concurrently
develop materials, methods and technologies for
more efficient design and manufacturing processes,
better devices, and improved clinical outcomes.
Research and industry partnerships are key to growing
workforce capability in the medical device industry
and increasing the translation of new technology.
This will result in better outcomes for patients,
growth opportunities for the sector, job creation,
and increased output and market share of Australian
manufactured medical technology.
Australia’s medtech industry will be further sustained by ongoing investments in design
and manufacturing processes that align with global industry phenomena, such as digital
transformation and Industry 4.0
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