The $10 million will be paid over seven years.
NICM is a global leader in complementary medicine research and policy and has been ranked by the Australian Research Council as operating at higher standards than world's best-practice.
This $10 million donation, officiated on Friday at NICM, is Blackmores' most significant investment into research and development in the history of our company.
As Marcus said:
"As industry leaders, Blackmores believes it is our responsibility to invest in complementary medicine research and to support innovation in this field. NICM is a world-class research facility, and we are very proud to provide this untied donation to help advance science and innovation in complementary medicine. Blackmores' gift to the University will not only support the Australian research community in furthering the country's global leadership in this area, most importantly, it will contribute to the knowledge base, which in turn, will help improve public health."
Ultimately, this research will advance the global evidence-base of complementary medicine and take scientific findings into practical healthcare solutions that will improve public health.
Over the past 12 months, Blackmores has engaged in 24 active research projects, clinical trials and scholarly activities across Australia and Asia. In 2015 we made a significant, unencumbered donation of $1.3m to Sydney University's Medical School to fund The Maurice Blackmore Chair of Integrative Medicine over five years.
Blackmores is enormously proud of the legacy that this gift to NICM will make towards the advancement of complementary medicine research, innovation, and research translation, and the contribution this will make to the wellbeing of the community.
About Blackmores Limited
Blackmores Limited (ASX:BKL) (OTCMKTS:BLMMF) is Australia's leading natural health brand. Its quality range of vitamin, minerals, herbal and nutritional supplements, and continued support of the community and environment, are among the many reasons Blackmores is the most trusted name in natural health.