MTPConnect and Biocom California have committed to working closely to support the growth of life sciences companies via a Memorandum of Understanding signed at the 2024 BIO International Convention in San Diego.
The MoU was signed by MTPConnect CEO Stuart Dignam and Biocom California CEO Joe Panetta and witnessed by Australia's Industry Minister Ed Husic.
Under the agreement, the organisations will work together on programs and events, provide connections and in-market support, exchange information on issues and trends, and support for investment and trade missions between Australia and the US.
Mr Dignam said California is a leading innovation hub for the life sciences sector.
“We are delighted to formalise this relationship with Biocom California as our organisations share mutual industry interests to support innovation, fuel medical product discovery and advance human health,” said Mr Dignam.
“The US is the world’s biggest pharmaceutical and medtech market and Australia’s largest two-way investment partner and this agreement with Biocom California will help open-up new market, commercial and collaboration opportunities for Australia’s life science start-ups, SMEs and researchers.”
Mr Joe Panetta said, “Biocom California has long-standing connections with Australia, and this new agreement with MTPConnect will foster deeper connections between the life science sectors in our countries.”
“We look forward to advancing our work with the Australian life sciences sector, supporting companies to grow and develop their life-saving medical products to improve global healthcare.”