CSL shares boosted by investment in Australian medical science

13 December 2016

Australian biotech firm CSL Limited (ASX: CSL) has been announced as a co-investor in the government’s Biomedical Translation Fund, developed to stimulate investment in medical science in Australia.

The co-investment will form part of a fund called the Medical Research Commercialisation Fund Biomedical Translation Fund (MRCF BTF), in which A$115 million ($86.5 million) of public funds will be matched by the same amount of private investment.

"It’s critical to foster a culture where innovation policies stimulate Australia’s capabilities to facilitate the next generation of breakthrough medicines"

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