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THIS WEEK On ABC Radio National's
      Background Briefing Program:
-----------------------------
Sunday, August 22, 9.10am
Repeated August 24, 7.10pm
---------------------------------------------------------
BUGS & DRUGS: Australia's Biotechnology Future
      Produced by Ashley Crossland
---------------------------------------------------------
ON-AIR PROMO:

Australia can no longer ride on the sheep's back,....we have to find
something else.  [SFX - insects]  Maybe crushed insects are the go? [SFX -
insects]  Insects are full of chemicals and new chemicals spell money.

We've got the insects and the scientists, we just need some of those rich
American investors. [SFX - CHRIPPP!]  How to do that?  Lower taxes.

Feel the sting on
Background Briefing, this Sunday morning after the news at 9.
---------------------------
PRODUCER's SUPPLEMENT:

Earlier this year, the Wills Report told the government that Australia
can t operate a competitive and world-class medical research sector on a
shoestring budget.  At a time of budget cuts in public sector research, the
message got through.

The  government doubled existing funding to the medical research community
in this year s commonwealth budget with qualification.  The monies should
stimulate venture capital investment from overseas and seed new
public-private venture research partnerships. With some help from the Ralph
Report s recommended reduction in the capital gains tax.

Partnerships with private brokers like Biodiscovery, a small
publicly-listed company with no facilities and few scientific staff.
Biodiscovery is engaged in joint ventures with university cooperative
research centres.  It also has an deal to market the insect library of
CSIRO and has already sold access to two large multinational pharmaceutical
companies.

As the lines of distinction blur between researcher, the public sector,
university research, private companies and multinational corporations in
this new era of entrepenurial biotechnology, who defines success?
--------------------------------------------------------
LAST WEEK:  Transcripts now available on-line:
http://www.abc.net.au/rn/talks/bbing

POLITICAL JOURNALISM IN THE 21ST CENTURY
      Produced by Kirsten Garrett BB 15/08/99
--------------------------------------------------------

..........................................................
Background Briefing on ABC Radio National
GPO Box 9994  Sydney NSW 2001   Australia
Fax: +61-2-9333-1400     Email: [EMAIL PROTECTED]
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