REVEALED: Mackay's new multi million dollar industry
A NEW clinical research facility in Mackay will be the first of its kind in the region and is expected to give the city a foothold in the multimillion dollar biopharmaceutical industry.
The biopharmaceuticals industry develops products by manufacturing, extracting, semisynthesising from biological sources.
The Coral Sea Clinical Research Institute, which will officially launch next week, aims to develop an experimental vaccine therapy to treat Coeliac Disease and bowel disorders.
Mackay Regional Council representatives first floated the idea of developing a biopharmaceutical industry in Mackay last year.
Mayor Greg Williamson and Deputy Mayor Amanda Camm went on a trade mission to the United States tasked with sealing a deal.
The Coral Sea Clinical Research Institute will undertake clinical trials in conjunction with Immuno-Therapy company ImmusanT, the University of the Sunshine Coast and Mackay-born doctor James Davidson who specialises in gastroenterology.
Cr Williamson said the announcement was the result of 12 months of work between stakeholders who each believed the clinic would "undoubtedly lead to a solution to the disease".
At present, no cash value or calculation of economic benefit has been placed on the project. But Cr Williamson was confident the program would benefit the region's economy long-term.
"Once the institute is established, then it can only grow from there," he said.
"This is a multimillion dollar industry. To have that industry in Mackay is just another feather in the cap."
But Cr Williamson stressed it would also change people's lives.
Mackay MP Julieanne Gilbert said institute was a "game changer" for the region.
"Mackay boasts some of the best and brightest medical researchers in the world. That's why we're investing in this institute which is the first of its kind in Central Queensland," she said.
"This is an important part of our strategy to create more knowledge-based jobs in Mackay.
"By investing in this institute, we're keeping world-class medical expertise here in Central Queensland - a huge win for locals."
The institute will hold its official launch as a new clinical research facility on February 1.