Health and biomedical – your investment opportunity
The biomedical and life sciences sector is thriving in Queensland. Our internationally renowned research institutes and scientific capabilities are strongly positioned to assume an important role in the global value chain. Hosting two of Australia’s leading biopharmaceutical contract manufacturers provides an excellent opportunity for large-scale biomedical companies looking to invest and expand their presence in the Asia–Pacific. With modern translational facilities and fast, pragmatic regulatory pathways, our infrastructure is a commercially focused platform for growth.
Precision medical products
There is growing global demand for more personalised patient solutions – including medical devices and technology, imaging, diagnostics and informatics, and smart devices that best meet patient needs. Queensland is bringing together companies, researchers, clinicians, and advanced manufacturers to capture a share of this emerging market.
The COVID-19 crisis accelerated worldwide demand for new biopharmaceutical products. Queensland has the capabilities and partnerships to lead the world in drug and vaccine development and delivery – within a regulatory environment that is 100% aligned with international standards. This includes streamlined and accelerated pre-clinical and clinical trials.
Quick glance at Queensland's health and biomedical sector
Up to 40% growth forecast to 2027
Contributes over $A1.44 billion each year to the Queensland economy.
Several incentives for investment, including the R&D tax incentive.
Dedicated health and knowledge precincts facilitating innovation and commercialisation.
Case study: Vaxxas
Vaxxas is a biotechnology company experiencing rapid growth in its globally renowned needle-free vaccine technology, in the wake of the COVID-19 pandemic. With support from the Queensland Government, Vaxxas developed a new manufacturing base in Brisbane for its High-density Micro-projection Array Patch vaccine delivery system.
Photo source: https://www.vaxxas.com/