Government injects $1 million into Canterbury Scientific diabetes research

Posted by Shelley Grell on September 25th, 2012.

Press release, 24 September 2012, Canterbury Scientific, Christchurch, New Zealand: Canterbury Scientific, in partnership with the University of Canterbury’s Biomolecular Interaction Centre, is set to receive nearly $1 million in funding from the Ministry of Business, Innovation & Employment. The investment is one of 31 projects selected under the 2012 High-Value Manufacturing and Services Research Fund announced recently by Minister Steven Joyce and will enable research into tests for the secondary complications of diabetes.

Exporting diabetes tests

The Diagnostic Markers for Diabetic Complications research project is expected to lead to the development of new commercial tests to identify patients at high risk of diabetic complications such as heart disease, visual impairment, diabetic neuropathy and kidney disease. The researchers estimate revenue potential from such products at $5-10 million per year in export sales by 2020. In his announcement Mr Joyce highlighted export potential as a key priority in the funding selection process.

Review the coverage in the NZ Herald and TVNZ Breakfast.

Read the press release.

 

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