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05/09/2013
Almac Discovery To Invest In Cancer Research Projects
Enterprise Minster Arlene Foster has announced that Almac Discovery is to invest a total of £13million in two research and development projects in collaboration with Queen's University Belfast.
Arlene Foster MLA
Craigavon-based Almac Discovery is focused on the discovery and development of novel and innovative approaches to the treatment of cancer and associated conditions. The projects will both be based at Queen’s Centre for Cancer Research and Cell Biology (CCRCB) on the Belfast City Hospital campus.
One will evaluate the clinical performance of the first novel cancer drug fully developed in Northern Ireland. The second project will see the creation of a new drug discovery unit within CCRCB, that will integrate academic and industrial excellence to facilitate the development of further new anti-cancer drugs.
Almac is investing £13 million, which includes a £7 million offer of support from Invest Northern Ireland, part funded by the European Regional Development Fund.
Speaking during a visit to Queen's CCRCB, Arlene Foster said: "Almac is a highly respected and successful drug development company focusing on innovative cancer treatments that have global potential.
"This significant investment in research and development will enhance collaboration between academia and industry. This will ensure the investment is maximised, that research is effectively commercialised and that ultimately, enhanced treatment solutions are made available to cancer patients.
"The fact that Almac and Queen's are engaged in such ground-breaking research here in Northern Ireland is something that we should be extremely proud of. It will reinforce our position as a leader in research and development for the health and life sciences sector."
(CD/MH)
Arlene Foster MLA
Craigavon-based Almac Discovery is focused on the discovery and development of novel and innovative approaches to the treatment of cancer and associated conditions. The projects will both be based at Queen’s Centre for Cancer Research and Cell Biology (CCRCB) on the Belfast City Hospital campus.
One will evaluate the clinical performance of the first novel cancer drug fully developed in Northern Ireland. The second project will see the creation of a new drug discovery unit within CCRCB, that will integrate academic and industrial excellence to facilitate the development of further new anti-cancer drugs.
Almac is investing £13 million, which includes a £7 million offer of support from Invest Northern Ireland, part funded by the European Regional Development Fund.
Speaking during a visit to Queen's CCRCB, Arlene Foster said: "Almac is a highly respected and successful drug development company focusing on innovative cancer treatments that have global potential.
"This significant investment in research and development will enhance collaboration between academia and industry. This will ensure the investment is maximised, that research is effectively commercialised and that ultimately, enhanced treatment solutions are made available to cancer patients.
"The fact that Almac and Queen's are engaged in such ground-breaking research here in Northern Ireland is something that we should be extremely proud of. It will reinforce our position as a leader in research and development for the health and life sciences sector."
(CD/MH)
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