BioSpace· Jennifer C. Smith-Parker·· 3 hours agoPickScore66
Australia's clinical trial advantage gains ground amid U.S. uncertainty
In brief
Uncertainty in the U.S. regulatory and funding environment is pushing more biotech and pharma companies to conduct clinical research in Australia. iNGENū reports inquiries up about 25% over last year, with U.S. sponsors accounting for most of the increase. Early-phase trials in Australia usually require no IND, ethics and regulatory approval takes about four to six weeks, and submission to first dosing can take as little as eight to 10 weeks.
Why it matters
Australia offers submission to first dosing in as little as eight to 10 weeks and a refundable R&D tax offset of up to 43.5% for eligible smaller companies.
Source: BioSpace · biospace.com
