Tuesday, 12 April 2011

Campbelltown. $70,000 for expert advice

Centre for Complementary Medicine Research (CompleMED at the University of Western Sydney, Campbelltown campus, will receive $75,000 from the NSW Government to provide expert advice to Australian and Chinese herbal medicine companies commercialising their products and negotiating regulation in world markets. The Australian market for complementary medicine, including traditional Chinese medicine, has an estimated value of $3.1 billion per annum and is expected to grow six per cent annually over the next five years. UWS has been chosen to bring together a team of NSW researchers, regulatory and intellectual property experts to partner with Chinese and Australian herbal medicine companies, research centres and hospitals.



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