• 250K
  • girls
  • kids computing
  • kids eating
  • kids food
  • kids run
  • kids side
  • mother1 daughter

Information updates

Australian peanut allergy treatment receives $10 million in funding

May 29, 2017

The development of a promising new treatment for peanut allergy in children will be the first project to receive $10 million in funding under the Turnbull Government’s Biomedical Translation Fund (BTF). 

The Minister for Health, Greg Hunt, and the Minister for Industry, Innovation and Science, Arthur Sinodinos has announced the first investment commitment under the BTF. The BTF combines $250 million of Commonwealth funding to be at least matched by private capital secured by independent licensed fund managers to realise a substantial $500 million fund. 

The purpose of this fund is to invest in Australian biomedical ideas with great potential for commercialisation. “The BTF is designed to change and improve the lives of Australians. This innovative solution to a lethal allergy experienced by so many kids and their parents in Australia and around the world has resulted from the great collaborative efforts of Professor Mimi Tang at the Murdoch Children’s Research Institute and Prota Therapeutics,” Minister Hunt said.

ASCIA congratulates Professor Mimi Tang and her team on this wonderful news!

For further information go to www.health.gov.au/internet/ministers/publishing.nsf/Content/health-mediarel-yr2017-hunt055.htm

Disclaimer and Privacy

The ASCIA website is intended for use by ASCIA members, other health professionals, the general public and media. The content provided is for education, communication and information purposes only and is not intended to replace or constitute medical advice or treatments. Read more...

ASCIA respects your privacy. Read our privacy policy here...

Sponsors and Advertising

ASCIA does not endorse products from sponsoring organisations, nor is it influenced by sponsoring organisations with regard to the content of education programs and websites.

The ASCIA website does not accept advertising. Any link to a third-party website does not imply any endorsement by ASCIA.

Accreditation

healthdirect
This website is certified by Health On the Net Foundation. Click to verify.This site complies with the
HONcode standard for
trustworthy health
 information.

Verify here.