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Prime Minister Scott Morrison has announced $23 million in funding to Global Medical Solutions for the production of precision medicines which treat cancer, kidney disease and other illnesses in Australia. "Today I'm very pleased to announce that we are investing $23 million in funding to Global Medical Solutions – Australia's Precision Medicine Enterprise project under the collaboration stream of the Modern Manufacturing Initiative," Mr Morrison said at a media conference on Monday. "What that means is, is we're building a cyclotron, which deals with protons not electrons." Global Medical Solutions Australia will work with partners Monash University and Telix Pharmaceuticals for the production of precision medicines for the treatment of cancer, kidney disease and other illnesses in Australia. Mr Morrison said the investment demonstrated the Government’s commitment to building Australia’s medical manufacturing capability. "We are building an ecosystem of people, of scientists obviously, of the research infrastructure .... and as they move between each other they are doing one thing, they are unlocking the wealth of our nation," he said. "They're doing it by bringing out the innovation, the ingenuity and the research capability that is creating the discoveries that is setting up incredible commercial opportunities for jobs in this country well into the future. "This is all about manufacturing jobs where we are today."
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