2023 Florey Annual Report

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Annual Report 2023

Acknowledgement of Country

The Florey acknowledges the Traditional Owners of the land on which we work, the Wurundjeri people of the Kulin Nation. We pay our respects to their Elders past, present and emerging.

The Florey is committed to the aims, principles and actions of marra ngarrgoo, marra goori: The Victorian Aboriginal Health, Medical and Wellbeing Research Accord.

About The Florey

The Florey is the home of neuroscience in Australia and the largest brain research centre in the Southern Hemisphere, with teams of researchers dedicated to finding solutions for a range of brain and mental health conditions.

We’ve been on the forefront of this research for more than 50 years, improving understanding of the body’s most elusive organ.

Here at The Florey, the brightest scientific minds are sparking ideas and enabling us to meet urgent need with dedication, experience and excellence.

With innovative techniques and state-of-the-art technology, we collaborate to discover new ways to advance our understanding, develop new treatments and find cures.

Our vision and values

The Florey strives to advance brain research and improve the physical and mental health and wellbeing of people globally.

We are experts in brain research, curious about science, and inspired by the work and ideas of our community.

Our locations

The Florey is situated across two sites: Parkville, including the Kenneth Myer Building and Oak Street, and Heidelberg.

At Parkville we are positioned within the Melbourne Biomedical Precinct, one of the world’s leading biomedical hubs, delivering world-class research, healthcare and education.

At Heidelberg we maintain a close relationship with the Austin Hospital and are located on the Austin site.

Our proximity to two tertiary hospitals – the Austin and Royal Melbourne Hospital – allows direct access to clinical expertise and encourages partnerships that ultimately assist with the translation of research into clinical application.

Innovative facilities and research services

The Florey houses some of the world’s most advanced scientific equipment and services.

We are well placed to offer services and platforms for all stages of research – from discovery to clinical trials – with vital expertise in areas such as microscopy, bioresources and magnetic resonance imaging (MRI) through to Neuroscience Trials Australia and the Australian National CJD Registry.

Florey Annual Report 2023 3

A message from our Chair

I am delighted to share with you

The Florey’s 2023 Annual Report.

The Florey has always been a place of remarkable talent and life-changing scientific discoveries, and this year we are releasing our first Impact Report alongside this Annual Report.

2023 has been a year of consolidation and connection.

Consolidation by continuing to focus our research in key areas where The Florey can lead globally, strengthening our Executive team and developing our next generation of world-class research scientists.

Connection by reaching out to the community, collaborators, industry,

donors, politicians and key decision makers. Our rebrand, outreach and focus on commercialisation are key initiatives building on The Florey’s rich legacy of six decades of research. We are engaging in more strategic collaborative relationships with other worldclass institutes with the aim to accelerate the breadth and impact of our science.

I would like to pay tribute to all Florey researchers for their dedication, ingenuity and tenacity as they pursue real answers for the more than 5 million people in Australia who are affected by the conditions we study.

I also wish to thank Professor Trevor

Kilpatrick for his leadership and the Board for their ongoing support and commitment. I am honoured to chair The Florey as we continue to build on the legacy and dedication of our incredible scientists.

And to the donors and friends of The Florey – thank you for your steadfast support as The Florey continues its journey from strength to strength.

Mr Martin Adams Chair, The Florey

A message from our Director

It has been a year of significant achievement for The Florey.

Most importantly, we have seen the launch of our new scientific structure, spearheaded by four missions and four themes. The missions are directed to solving big, unresolved issues in medicine, in particular dementia, epilepsy, mental health and protecting and repairing the brain.

The themes are designed to advance fundamental research in ways that benefit the missions, with emphasis on neurotherapeutics, neuroimaging, the biology of synaptic connections between nerves, and finally, systems neuroscience,

focusing on understanding the body-brain interface.

The year has also witnessed a vast array of important scientific achievements, some of the most impressive are highlighted in the accompanying Impact Report. The common thread underpinning these discoveries is precision neuroscience, based on the fidelity of the work we undertake and the results we generate.

These are the foundations that drive our journey to become a scientific powerhouse on the world stage. That journey is predicated on the commitment and resolve of our people working collectively for community benefit.

Thank you to our dedicated Board Members

Mr Graeme A Billings

Mr Chris Blake

Professor Jane Gunn AO

Mr Peter Haig

Professor Mark Hargreaves AM

Mr Adam Horsburgh

Ms Kate Joel

Professor Christine Kilpatrick AO

My special thanks to the Board, COO Mr Andy Barlow, Clinical Director Graeme Jackson, Deputy Directors Andrew Lawrence and Clare Parish, as well as other members of the Executive.

I am proud to be part of our continuing journey and I look forward to ever broadening horizons for The Florey in 2024 and beyond.

Professor Trevor Kilpatrick

MBBS PhD

FRACP FAHMS Director, The Florey

Mr Ross Oakley OAM

Mr Stephen Spargo AM

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1,016

62,758

233

260,000

2,171

Haydn Wright GM –Business Development The Florey’s 2023 at a glance publications Average number
citations: Our engagement Our staff Our productivity Our income appointments to The Florey’s Executive team items of media coverage
gifts received people new Florey-led competitive grants
members of staff Reaching Worth views
of
philanthropic
students
917
52
m $31.8 m New trademarked brand New website
35.4
501
+3 Clare Parish Deputy Director Andy Barlow Chief Operating Officer A total value of $5.9 m Florey Annual Report 2023 5

A year in review

January

Florey researchers identify a cause of brain inflammation during heart surgery, paving the way for preventative treatments for patients.

February

December

Florey researchers receive a combined $13.8 million from the NHMRC to support research to improve understanding and find treatments for conditions such as motor neurone disease, Alzheimer's disease and promoting brain health and repair. A new report shows data from the Australian Stroke Clinical Registry (AuSCR) is improving clinical outcomes for patients with stroke, with 2 leading hospitals achieving marked improvements.

We farewell the esteemed Professor Julie Bernhardt, a world leader in stroke research for more than 20 years, and pioneer of initiatives in stroke care and rehabilitation.

The Australian Epilepsy Project opens a hub in South Australia, giving more people access to advanced MRI scans, genetic analysis and cognitive testing.

March

In recognition of his legacy of discovery and leadership, founding Director of The Florey Professor Derek Denton is commemorated at a State Memorial Service. This is followed by a Festschrift at The Florey where staff and former colleagues celebrate his life and works.

Dr Ya Hui Hung is awarded $600,000 to lead a project advancing a potential new treatment for Niemann-Pick Disease Type C1, which causes childhood dementia.

November

Professor Ashley Bush, Professor Colin Masters AO and Professor Christopher Rowe are included in the 2023 Highly Cited Researchers roster, ranking in the top 1% globally.

October

Florey scientists prove that sodium ascorbate – a pHbalanced formulation of vitamin C – is effective in treating sepsis, which accounts for 35–50% of all hospital deaths.

Nobel Laureate Professor Morten Meldal delivers the Allan and Maria Myers Lecture for 2023 at The Florey. Professor Meldal spoke about ‘click chemistry’ – the seminal work that was awarded the Nobel Prize for Chemistry in 2022.

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April

Professor Kevin Barnham leads a Florey submission to the Parliamentary Inquiry into long COVID, highlighting the pressing need to better understand the neurological impacts of this condition.

May

The Young Stroke Service (YSS) is launched, creating a new model of care to support young people who have experienced stroke with their recovery and life goals.

The new Florey brand is launched, bringing a revitalised direction and a striking visual identity to reflect The Florey’s mission and pathway to impact.

The Florey’s new website also goes live.

June

September

Florey researchers receive combined funding of $3.5m through FightMND, helping to accelerate development of potential treatments for motor neurone disease.

Open Day 2023 welcomes more than 170 potential students to learn more about studying at The Florey, with scientists and current students sharing their insights.

August

Dr Rebecca Nisbet, Associate Professor Daniel Scott and Professor Brad Turner win The Florey’s $100K Challenge in a collaborative effort to tackle a harmful protein that builds up in patients with certain brain diseases.

The Florey Awards ceremony celebrates the remarkable dedication and commitment of our staff and students, with over 130 staff presented with awards of recognition.

Florey researchers help identify the first genetic marker for increased multiple sclerosis severity, opening the door to preventing long-term disability in patients.

July

Professor Akhter Hossain leads an international team to a promising discovery that could improve peptide-based drug development for a range of disorders.

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Florey research Missions and Themes

Research at The Florey is strategically aligned to Missions and Themes.

The Missions represent the health challenges we’re focused on tackling and the Themes demonstrate our in-depth expertise that applies to multiple areas of medical research.

Our Missions

Mental Health

Creating a better quality of life for people with mental health conditions

There is a clear and pressing need to accelerate research into mental health conditions to improve understanding, treatment options and care for those affected.

With this in mind, Florey researchers are building vital knowledge on how disruption of the biology of the brain is implicated in a variety of complex and common mental health conditions.

Key challenges

• 1 in 5 Australians live with a mental health condition

• 40m mental health prescriptions issued per year

Associate Professor Jess Nithianantharajah Research Co-lead

Professor Anthony Hannan Research Co-lead

Professor Ashley Bush Clinical Lead

Protect and Repair

Discovering new ways to protect and repair the brain

When the brain is affected by an injury, a disease or disorder, it can change a person’s life dramatically.

The Florey’s researchers in the Protect and Repair Mission are renowned experts in a diverse range of brain conditions. United by their commitment to further our understanding of neurodegenerative diseases and brain injuries, they aim to develop new approaches to treatments, including the innovative use of stem cells to repair the brain.

Key challenges

• 2,000+ Australians with MND

• An Australian will have a stroke every 19 mins

Professor Bradley Turner Research Lead

Professor Julie Bernhardt Clinical Co-lead

Professor Vincent Thijs Clinical Co-lead

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Epilepsy

Creating a better quality of life for people with epilepsy

Our teams are developing treatments that will provide more options and fundamentally improve the care of people with epilepsy.

We know that with the right treatment, most people with epilepsy are able to live a life without seizures.

Developing those treatments and implementing them for patients' benefit are our key goals.

Key challenges

• 260,000+ Australians live with epilepsy

• Estimated cost $12.3b in public healthcare

Professor Christopher Reid Research Lead

Dr David Vaughan Clinical Lead

Dementia

Making dementia preventable and treatable

Florey researchers are recognised as world leaders in dementia research – from defining the natural history of the disease and its pathology, to taking drugs from the laboratory to clinical trials.

Future research into dementia at The Florey will build upon this strong track record to identify new targets for treatments, improve patient diagnosis, trial new treatments and advance healthcare for dementia.

Key challenges

• 400,000 Australians live with dementia

• #2 cause of death in all Australians

Professor Scott Ayton Research Lead

Professor Christopher Rowe Clinical Lead

Professor Steve Collins Former Clinical Lead

Our Themes

Neuroimaging

Developing cuttingedge technologies to image the brain and provide insights into brain structure and function

Research Lead:

Associate Professor Heath Pardoe

Systems Neuroscience

Deepening our knowledge on how the brain communicates with other vital organs in health and disease

Research Lead: Associate Professor Yugeesh Lankadeva

Neurotherapeutics

Investigating new drug targets and developing new treatments for brain conditions

Research Lead: Professor Ross Bathgate

Synaptic Biology

Investigating the function and plasticity of the brain, from single molecules to neural networks

Research Lead: Professor Lucy Palmer

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Our Missions and Themes in action

The Missions and Themes structure facilitates deep collaboration among our researchers and a multidisciplinary approach to our science.

Epilepsy Mission

Systems Neuroscience Theme

Epilepsy Mission

Neuroimaging Theme

Understanding what happens during a seizure

Florey researchers from the Epilepsy Mission and Systems Neuroscience Theme have teamed up to better understand how seizures impact cardiac function. New preclinical models of sudden unexpected death in epilepsy based on human genetics mean the team can measure how seizures change the function of the autonomic nervous system and identify potential therapies.

Protect and Repair Mission

Dementia Mission

Neurotherapeutics Theme

Protect and Repair Mission

Neuroimaging Theme

New imaging techniques to plan for brain surgery

Prof David Abbott’s team has recently implemented methods for improved functional MRI that reduces image ‘noise’. These techniques are used to identify the side of the brain that is primarily responsible for producing language. Knowing the dominant hemisphere for language is an important factor when planning brain surgery for people with severe epilepsy.

Targeting a culprit protein in neurodegeneration

Dr Rebecca Nisbett, A/Prof Daniel Scott and Prof Bradley Turner are investigating a protein, known as TDP-43, that accumulates in the central nervous system in multiple neurodegenerative diseases including motor neurone disease, frontotemporal dementia, Alzheimer’s disease and Parkinson’s disease. Removing TDP-43 shows promise for treating these diseases.

Detecting Parkinson’s disease decades before symptoms appear

Researchers at The Florey and Austin Health have shown it is possible to detect tell-tale signs of Parkinson’s disease 20–30 years before symptoms appear. Professor Kevin Barnham and colleagues describe how a biomarker called F-AV133 can be used with positron emission tomography (PET) scans to diagnose Parkinson’s disease and accurately track neurodegeneration. Their work opens the door to screening programs and preventative treatments long before irreversible damage occurs.

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Image courtesy of Austin Health.

Dementia Mission

Protect and Repair Mission

Neurotherapeutics Theme

Mental Health Mission

Systems Neuroscience Theme

Dementia Mission

Synaptic Biology Theme

Dementia Mission

Synaptic Biology Theme

Mental Health Mission

Protect and Repair Mission

Unlocking how to use mRNA to target dementia

A Florey team has used mRNA to instruct cells in cell models to create an antibody Dr Recebba Nisbet developed to target tau. Tau is a toxic protein that clumps within the brain cells of dementia patients – and it’s a critical therapeutic target for Alzheimer’s disease and other dementias.

Developing a schizophrenia treatment with GPCRs

Using a proprietary new technology platform, a Florey team led by A/Prof Daniel Scott has developed to ability to facilitate more targeted drug discovery against a class of cell surface proteins known as G-protein-coupled receptors (GPCRs). This revolutionary technology will enable production of a new generation of medicines with improved efficacy and reduced side effects. The team is working on a much-needed new treatment for schizophrenia.

Validation of a novel zinc delivery drug for heart surgery-associated brain injury

A collaborative project between A/Prof Yugeesh Lankadeva and Prof Scott Ayton is tackling brain injury post-heart surgery. This injury prolongs hospital stays, increasing post-operative mortality and increases the future risk of dementia. The Systems Neuroscience Theme developed a world-first large animal model for heart surgery with continuous brain health monitoring, revealing neuroinflammation. The Dementia Mission discovered zinc’s benefits for brain vascular health and reducing inflammation and is now applying this knowledge to reduce the post-heart surgery injury.

How and where memories are formed in the brain

Prof Lucy Palmer is leading research into how brain function is altered during learning and memory formation. Using advanced techniques, her laboratory measures how individual neurons modify their activity over time. This research will help in our understanding of how we form memories and shed light on what goes wrong when our memory fails.

Finding a treatment for neurodevelopmental disorders

Dr Sarah Gordon is studying how defects in the molecular machinery of cells leads to neurodevelopmental disorders such as intellectual disability, autism and epilepsy. Some families have searched for an answer for decades, until Dr Gordon's work led to a diagnosis for their children. Now her team is back on the hunt, searching for a treatment.

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The NHMRC researchers revolutionising health

The National Health and Medical Research Council (NHMRC) is the Australian Government’s research funder, attracting more than 4,000 applications from researchers each year.

In a highly competitive process, our researchers must pitch creative, innovative concepts that will have great impact on relevant health challenges. We celebrate the variety of grant-winning researchers from 2023 investigating vital questions to advance brain research.

Understanding the role of the cortex in learning, memory and brain cancer

Despite decades of research, there is a lot to learn about the brain’s cortex, including its contribution to important functions such as learning and memory.

Prof Lucy Palmer’s team uses advanced calcium imaging and electrophysiology to

Enabling personalised medication regimens for people with Alzheimer’s

Patients with Alzheimer’s disease tend to have more comorbidities and are often prescribed 5–10 more medicines than other people. Ensuring the safe use of medications is critically important.

Dr Liang Jin's research team uses

Locating metabolic parts of the brain most affected by adverse childhood experiences

Adverse childhood experiences (ACE) contribute to many mental and physical disorders, including depression, anxiety, diabetes and cancer. ACE affects the brain’s metabolism and is transmissible across generations.

Reducing

the risk of brain and kidney injury arising from

sepsis

and heart surgery

Injury to the brain and kidneys are lifethreatening complications that endanger intensive care patients. They occur in millions of patients worldwide diagnosed with sepsis or undergoing cardiopulmonary bypass surgery.

capture the activity of neurons in the cortex, shedding light on:

• the role of cortical neurons in learnt behaviour and memory

• how cortical neurons are fundamentally altered by brain cancer

• the role of the cortex and cortical neurons in brain function and dysfunction.

pharmacometrics modelling, blood sample collections, and patients’ comprehensive medical histories to establish the relationship between medication use and severity of a patient’s Alzheimer’s disease. This research will inform more personalised medication use that is safer for people living with the disease.

Prof Anthony Hannan’s team will investigate how genes and the environment affect these brain conditions, by studying how ACE affects lipid metabolism and related aspects of brain development. Identifying long-term effects of ACE should inform better therapeutic approaches.

A/Prof Yugeesh Lankadeva’s research program aims to minimise the risk of sepsis- and heart surgery-induced brain and kidney injuries, by testing new Floreypatented drug formulations: intravenous sodium ascorbate for sepsis, and zinchistidine for heart surgery.

Professor Anthony Hannan Professor Lucy Palmer Associate Professor Yugeesh Lankadeva
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Dr Liang Jin

Bradley Turner

Restoring control of flexible decisionmaking in schizophrenia

The ability to adapt our behaviour when situations change relies on flexible decision-making and learning. This ability is impaired in mental health conditions like schizophrenia, and we lack effective treatments.

A/Prof Jess Nithianantharajah’s team works to understand the neural causes of

Developing gene therapies to treat different neurological conditions

Many neurological conditions are caused by genetic differences in our DNA affecting gene expression, resulting in altered activity and amount of protein molecules. These changes can then affect the function of cells, growth and metabolism.

A/Prof Snezana Maljevic’s team is looking to advance antisense oligonucleotide (ASO)

Developing a world-first trial to prevent cell death in ALS

ALS (amyotrophic lateral sclerosis) is a motor neurone disease that leads to muscle weakness or paralysis. Prof Bradley Turner’s team investigates cell death in ALS –including a newly discovered process, ferroptosis.

Repairing nervous system damage using stem cell technology

With a rapidly ageing population, neurological conditions in Australia are expected to rise three-fold in the next 20 years, creating a pressing need for new therapies.

Prof Clare Parish’s team uses stem cell biology and engineered matrices to model complex diseases in novel ways and to

A new era in treating and diagnosing Alzheimer’s Disease

Beta-amyloid imaging (Aβ PET) is a trusted method used to detect and monitor Alzheimer’s disease. It visualises the brain’s beta-amyloid plaques, which are found in the disease, and has led to new treatments, such as lecanemab.

But the recent US approval of lecanemab raises questions on patient selection,

disrupted decision-making. Specifically, how an imbalance in excitatory/inhibitory cell activity in the brain's prefrontal cortex may be key.

The team will use advanced imaging tools to capture prefrontal neural activity at single cell resolution. They aim to identify neurobehavioural markers to accelerate development of therapeutics for schizophrenia.

technology, which can accurately and efficiently target the mRNA that carries information from affected genes to alter the expression of target proteins.

A/Prof Maljevic’s project will facilitate assessments of the safety and efficacy of ASO and other similar gene-targeting approaches, to shorten the period needed to get these therapies into the clinic.

Ferroptosis is an abnormality in cell metabolism that drives various neurodegenerative diseases. Preventing it requires a multi-drug approach. With his team, Prof Turner will conduct a world-first trial to test new and potent drugs that can inhibit ferroptosis in ALS, in collaboration with both academic and industry collaborators.

develop improved approaches to repair the injured brain through neural cell transplantation.

Prof Parish has pioneered using stem cell technologies for benefit in Parkinson’s disease. This project will also perform preclinical testing of a human stem cell product in preparation for a Phase I clinical trial in stroke.

dosages, and safety. Prof Christopher Rowe’s project will further develop the Australian Dementia Network Registry to facilitate the use of PET tracers and cerebrospinal fluid and blood-based biomarkers for safer, more personalised and cost-effective use of these emerging treatments.

Professor Professor Christopher Rowe Professor Clare Parish Associate Professor Jess Nithianantharajah
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Associate Professor Snezana Maljevic

Shining bright

The Florey Awards 2023 celebrated the remarkable dedication and commitment of staff and students, with over 130 staff were presented with awards of recognition.

Five new award categories were presented by Florey Board Chair Martin Adams to capture the breadth and diversity of Florey research across all teams and career stages.

“In the realm of research, we are no strangers to the relentless pursuit of knowledge and innovation. It is this spirit that unites us, the driving force behind our collective efforts to make a meaningful impact on the lives of countless individuals,” he said.

Speaking at the awards, Professor Trevor Kilpatrick said, “As the Director of The Florey, I am deeply proud of our collective accomplishments during my tenure. The discoveries, innovations and breakthroughs made within these walls have without doubt changed lives, and it’s thanks to you."

2023 Florey Award Winners

Lend a Hand Award

The winner of this award is a staff member that has been a tremendous support for their colleagues during the year. Often flying under the radar, this person plays a vital role in progressing projects or tasks.

Winner: Celeste Mawal

Exceptional Talent Award

The winner of this award is someone who goes above and beyond in their role at The Florey in either a research or professional services capacity.

Winner: Professor Clare Parish

Pathway to Impact Award

The winner of this prize is someone who has demonstrated a commitment to improving the lives of people both in Australia and globally through their research.

Winner: Professor Akhter Hossain

Dynamic Collaborator Award

The winner of this prize is someone who has demonstrated a commitment to improving the lives of people both in Australia and globally through their research.

Winner: Associate Professor Yugeesh Lankadeva

Team of the Year Award

The winner of this award is either an established group or business unit, that has demonstrated great teamwork, team spirit and has, together, delivered great outcomes for The Florey.

Winner: Stem Cells and Neural Development Group

Length of service awards

10-year milestone: Julie Andrew, Scott Ayton, Kevin Barnham, Cetina Bertelle, Ian Birchall, Lindsea Booth, Karen Borschmann, Emma Burrows, Christopher Bye, Danielle Caruso, Susan Cox, Brittany Cuic, Steven Fleming, Shannon Gaspari, Adele Gibbs, Elissa Hardman, Xin Huang, Ross Humphreys, Connie Jacobs, Laura Jacobson, Irina Kouchnareva, Xiang Liu, Lucy Mackintosh, Stuart McDougall, Carol Milligan, Steven Oliphant, Carlos Opazo Martinez, Lucy Palmer, Donna Parker, Thibault Patrick Renoir, Joanne Robertson, Mathew Salzone, Amelia Sedjahtera, Fazel Shabanpoor, Kathy Skoff, Robert Smith, Adam Southon, Christiane Stehmann, Christoper Tailby, Fran Tait, Elsa Tsui, Emilio Werden

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Award winner Prof Akhter Hossain thanks colleagues

15-year milestone: Paul Adlard, Maria Bastias, Krista Brown, Ashley Bush, Lynley Cordeiro, Daniel Drieberg, Fiona Ellery, Travis Featherby, David Finkelstein, Christopher Fowler, Andrea Gogos, Mark Greenough, Akhter Hossain, Ya Hui Hung, Vijaya Kenche, Taryn Knight, Gawain McColl, Clare Parish, Leah Payne, Anita Pejic, Kelly Pertile, Sandra Petrolo, Christopher Reid, Kay Richards, Rebecca Rumble, Daniel Scott, Gena Shoykhet, Margit Simondson, Anna Sellens, Lachlan Thompson, Brett Trounson, Bradley Turner, Thomas Vale

20-year milestone: Alison Petrou, Andrew Lawrence, Anthony Hannan, Anthony Dornom, Carmel Jacobson, Catriona McLean, David Abbott, Dominque Cadilhac, Doris Tomas, Fairlie Hinton, Gregory Thomas, Julie Bernhardt, Kenny Jao, Michele Binder, Rian Mackenzie, Sally Hood, Sharon Layfield, Steven Petrou, Vera Phipps

25-year milestone: Alistair Kittson, Graeme Jackson, Melinda Goga, Ross Bathgate, Simon Miller

30-year milestone: Christine Johnston, Clive May, Craig Thomson, Geoff Pavey, Li Chun Quang, Qiao-Xin Li, Tania Ferraro

35-year milestone: Brian Dean

40-year milestone: Mick Petrovski

45-year milestone: Brett Purcell

Donor awards

L–R, Prof Bradley Turner, Mr John Milne, Dr Taide Wang

Anonymous Philanthropic Postgraduate and Postdoctoral Travel Awards

PhD winners: Katherine Lewis, Chiara Pavan and James Spyrou

Postdoc winners: Francesca Alves, Ming Soh, Leigh Walker

Caitlin’s Fund Postgraduate and Postdoctoral Travel Awards

PhD winner: Suyi Ooi Postdoc winner: Lauren Bleakley

Harold Mitchell Foundation Postgraduate and Postdoctoral Travel Awards

PhD winners: Xavier Maddern and Chaseley McKenzie Postdoc winner: Christina Mo

John Milne Prize for Neuroscience Winner: Taide Wang

Dr Kwaku Dad Abu-Bonsrah, Jennifer Jin, Andrew Quattrochi, Dr

Moriarty, Prof Clare Parish, Prof Trevor Kilpatrick

Wally and Jean Jackson Postgraduate and Postdoctoral Prizes

PhD winner: Vicky He Postdoc winner: Cherry Mao

John Collier Postdoctoral Travel Scholarship

Winner: Niamh Moriarty

Florey travel awards

Alan Rembach Postdoctoral Travel Award

Winner: Sarrabeth Stone

SOFI Travel Award & Ayse Berke and Liana Colvill Postgraduate Travel Award

Winners: Lizzie Kleeman and Anton Task-Marino

Florey Postgraduate Travel Award

Winner: Ann-Sofie Bjerre, Andy Zhang and Chau Tran

Postdoctoral Best Paper Award

Winners: Niamh Moriarty and Francesca Alves

The Craig Drummond Award

Winner: Natasha Krishnadas

Scientifix | FPA Postdoctoral Award

Winner: Eric Pierre

Florey Purchasing Student Travel Prize

Winner: Heidi McAlpine

Neuropix

The Florey’s annual microscopy photography competition, where cutting-edge science and artistic brilliance collide to bring the unseen to life, saw winners in the categories of Scientific Award and People’s Choice.

Winners: Shivani Vaidya and Chau Tran

L–R, Niamh
Florey Annual Report 2023 15

A place where brilliant minds gather

With a relentless pursuit for cutting-edge research and innovation, The Florey draws leading scientific talent from across the world to share their expertise and spark novel ideas.

The Florey is a beacon of excellence in brain research, attracting some of the brightest minds in science and chemistry from around the globe.

One such luminary is Nobel laureate, Professor Morten Meldal, renowned for his groundbreaking work in the field of chemical synthesis. Professor Meldal visited The Florey in October to deliver the Allan and Maria Myers Lecture for 2023.

During his enlightening lecture, Professor Meldal spoke about ‘click chemistry’ — the seminal work that was awarded the Nobel Prize for Chemistry in 2022 and the pursuit of excellence that earned him the Nobel Prize.

Professor Meldal’s research has focused on developing novel click reactions and expanding the scope of click chemistry applications, leading to advances in drug discovery, bioconjugation and materials science.

As an interdisciplinary Institute that fosters a collaborative environment where ideas flow freely and expertise from diverse fields converge, Professor Meldal’s visit not only inspired new waves of thought but also reinforced The Florey’s commitment to pushing the boundaries of scientific exploration.

This synergistic approach not only accelerates scientific breakthroughs but also cultivates a sense of community among researchers, nurturing creativity and collaboration, both in Melbourne and across the world.

Alongside Professor Meldal, it was also a privilege to welcome his wife, Dr Phaedria Marie St. Hilaire, an esteemed business leader, chemist and advocate for diversity and inclusion, to share her knowledge while at The Florey. During her visit, Dr St. Hilaire imparted valuable insights on embracing intersectional diversity through inclusive leadership.

The visit of these two esteemed leaders to The Florey underscored the Institute’s international reputation, a fertile ground for scientists alike to push the boundaries of knowledge and discovery — and a magnet for brilliant minds to be part of transformative research endeavours and scientific ingenuity.

Prof Morten Meldal, Dr Phaedria Marie St. Hilaire Professor Morten Meldal addresses a full house at The Florey
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Tomorrow’s leaders

Celebrating the PhD graduates of 2023

Students, or graduate researchers as they are alternatively known, are an integral part of The Florey’s research. We currently host more than 200 students from across Australia and globally, all with an amazing enthusiasm for neuroscience.

Our graduate researchers not only provide a wealth of diversity but also talent and bright ideas, which elevates the overall Florey experience. Under the guidance of our exceptional researchers, our students contribute to a vibrant and productive environment that propels the field of neuroscience forward, every day.

While the pandemic may seem far behind, the 2023 graduates faced COVID-related obstacles that severely impacted their projects and derailed timelines. Yet, with resilience and determination, they adapted to the circumstances and produced highquality research.

Negar Asadian: Negar started her PhD journey in 2019 at The Florey under the supervision of Professor Trevor Kilpatrick and Michele Binder. Her research focused on potential treatments of multiple sclerosis.

Negar’s work unveiled the significant role of the protein GAS6 in promoting myelin repair through the Tyro3 receptor.

“COVID initially impacted social interactions among students and changed the lab atmosphere, however, we managed to overcome this period by supporting each other through Zoom events. I recall eagerly anticipating the weekly game nights that SOFI hosted.”

Supporting the next generation of brilliant scientists

At The Florey, we consider our students early-career researchers. Our Student of the Florey Institute (SOFI) association hosts a variety of events every year to connect students with each other and offer professional development, including mentoring.

The dedicated Student Support team help all students on every aspect of their candidature, whether it be practical or personal. They take great

Today, Negar is a successful postdoctoral fellow at Stanford University School of Medicine in the US, studying the role of the cerebellum in learning and memory.

Lisa Williams: Lisa conducted her doctoral studies in the Drug Discovery Innovation group. Her research focused on enabling the discovery of antibodies for G protein-coupled receptors, an important class of drug targets in the body.

“SOFI and the student community at The Florey was so important to me during my PhD and I made life-long friends and now have a network of amazing scientists all over the world.”

Lisa’s work during her PhD contributed to the start-up company LASEREDD Therapeutics, which she continues to work with today. The aim is to discover and develop therapeutics for difficult to 'handle' receptors and ion channels.

Rei Masuda: Rei was a PhD student in the Neural Networks Group, supervised by Professor Lucy Palmer. His research focused on the influence of the thalamus and the superficial cortex on goal-directed behaviours.

“I had a great experience, largely thanks to the people at The Florey. I felt very fortunate to have constant support from my peers and supervisor throughout my studies. An ongoing challenge that I faced during my PhD was finding an efficient workflow that suited me. I overcame this towards the end of my PhD by doing regular check-ins with my peers. Lastly, although I may have taken it for granted at the time, The Florey also provided us with great facilities and benefits that made my time there a lot more pleasant.”

Today, Rei works as a data scientist in the education sector.

pride in getting to know every student and have a deep understanding of the student journey.

“Our graduate researchers really are the lifeblood of The Florey. It is amazing to see these bright minds grow and thrive through the challenges that come with undertaking groundbreaking innovative research. We are immensely proud of all our 2023 graduates. We wish them all the best in their future careers and hope to see many of them continuing their research here at The Florey, and around the world.”

– Associate Professor Jess Nithianantharajah

Florey Annual Report 2023 17

Fundraising and philanthropy at The Florey

The Florey is founded on a history of generous individuals, community groups, and trusts and foundations that are passionate about supporting groundbreaking medical research which will have an impact for generations to come. It is very exciting to see so many first-time donors in 2023 and the substantial increase in bequests over the previous year.

As the new Fundraising Committee Chair, I’d like to thank everyone who this year hosted an event on our behalf, undertook a fundraiser to benefit us, and either donated or put The Florey in their Will. Whether you are a first-time donor, a

It has been my pleasure to serve as the chair of the Fundraising

regular giver or a family who has been giving across generations –every donation, no matter the size, makes a difference. Without you, our researchers at The Florey would not have the same opportunities to understand how the brain works, develop new diagnostic tools, new treatments and new ways to prevent neurological conditions. We hope that you enjoy seeing the scientific achievements that your support has made possible and we welcome the opportunity to meet with our donors any time to share our latest discoveries.

I must make special mention to all the members of The Florey Society

Committee for the past eight years. The Florey is undoubtedly one of the most influential brain research institutes in the world and I have thoroughly enjoyed sharing the outcomes from our remarkably talented researchers with the donor community.

The Florey is privileged to have so many donors that continue to support groundbreaking research that is

Fundraising and philanthropy in numbers

who have confirmed to us that they have put The Florey in their Will. Thank you for your generosity, we are extremely grateful to all of you and know that many of you are also giving in your lifetime.

I’d also like to pay tribute to Ross Oakley who has stepped down from his role as Fundraising Committee Chair after eight years of dedicated service. We thank him for his time and great contribution to The Florey.

Thank you again to everyone for your generosity in 2023.

– Ms Kate Joel, Chair of Florey Fundraising Subcommittee

having a direct impact on improving the lives of those in need. The Fundraising Committee welcomed last year the new Chair Kate Joel and I’m sure The Florey’s fundraising efforts will continue to provide ongoing and growing support for our world-class research teams.

– Mr Ross Oakley, Chair of Florey Fundraising Subcommittee 2016-2023

2,171 $2,728,000 1,200 20+ 25+ $5.9 m

total philanthropic gifts received received from bequests research projects trusts and foundations individual donors A total value of supported by philanthropy supported The Florey

445 were first-time donors Median gift of $100

18 Florey Annual Report 2023

Our supporters

Our donors provide essential funding to allow our researchers to develop their ideas and innovations.

Generous support drives our ability to make discoveries to better diagnose, treat and prevent the diseases of the brain and mind that we study.

We are grateful for the generous support we receive from individuals, corporations, trusts and foundations and community groups.

Florey Governors

Andrew Abercrombie

Martin Adams

James Angus

Etienne Baulieu

Samuel Berkovic

Graeme Billings

Christopher Blake

Neal Blewett

Graeme Bowker

Di Bresciani

Alec Broers

Malcolm Broomhead

John Brumby

Tom Buchan

Edward Byrne

Lyndsey Cattermole

Jean-Pierre Changeux

Trevor Clark

Peter Clemenger

David Copolov

Philip Cornish

Charles Curwen

Andrew Cuthbertson

Tim Daly

Stephen Davis

Jerry de la Harpe

David de Rothschild

David de Souza

Peter Doherty

Carl Dowd

“As

Wendy Dowd

Suzanne Downes

Craig Drummond

George Fink

Alan Finkel

John Finlay-Jones

Roger Flynn

Tamie Fraser

Peter Fuller

John Funder

Rob Gerrand

Kelvin Glare

Charles Goode

Susan Greenfield

Jane Gunn

Sandra Hacker

Peter Haig

Mark Hargreaves

Pamela Hauser

Caroline Hogg

Adam Horsburgh

Andrea Hull

Margaret Jackson

Bevyn Jarrott

Kate Joel

Mark Jones

Barry Jones

Peter Jopling

Shitij Kapur

Graeme Kelly

Bruce Kemp

Christine Kilpatrick

Jennifer Labourne

a science student at the University of Melbourne, I used to walk by The Florey and dream of becoming a researcher. Now I work here! I am so grateful to the donors who make our work possible.“

- PhD student

Frank Larkins

Richard Larkins

John Lill

Paul Little

Bernard Lochtenberg

Lina Marrocco

Jim McCluskey

Elspeth McLachlan

George McMaster

Frederick Mendelsohn

Naomi Milgrom

Harold Mitchell (dec)

Brendan Murphy

Louise Myer

Martyn Myer

Allan Myers

Maria Myers

Mark Nelson

Hugh Niall

Ross Oakley

Simon Parker Bowles

Primrose Potter

John Poynter

Ian Renard

Geoffrey Ripper

Eda Ritchie

John Rose

Thomas Schneider

David Scott

Richard Smallwood

Stephen Spargo

Andrew Stripp

Boris Struk

Geoffrey Tregear

Robert Trenberth

Gad Trevaks

Anne Ward

Andrew Wardlaw

Elizabeth Wardlaw

Brian Watson

Ingrid Winship

Marelyn WintourCoghlan

Meredith Woods

Michael Wooldridge

John Wylie

Harrison Young

Founding benefactors

Kenneth Myer

Ian Potter

Florey Future Fund donors

Principal Benefactors (above $3 million)

Carl and Wendy Dowd

Estate of Mary Lugton

Harold Mitchell (dec)

Fellow

($250,000 – $499,999)

Primrose Potter

Associate

($100,000 – $249,999)

Lyndsey Cattermole

The Drummond Foundation

GSA Industries Pty Ltd

Omnico Operations

Estate of Marjorie

Talan and Akos Talan

The A N and B O

Williams Foundation

Brains Trust members

Christine Aarons

Cameron Afrasiabi

Charles Allen

Chris Baohm

John Bennetts

Duncan Bentley

Graeme and Letitia Billings

Angelo Bladeni

John and Meg Bowen

Colin Carter

Lyndsey Cattermole

Peter and Jan Clark

Anthony Conabere

Barbara Darvall

Carl and Wendy Dowd

Tom Garlick

Nigel Gaunt

Gaye and John

Gaylard

Wayne and Suzanne Gill

Peter Gillooly

Ai-Gul and Andrew

Guild

Andrew Guy

Mary Harper

Michael Hayja

Linda Herd

North Projects

Elouise Holmes

George Janko

Kate and Warren Joel

Andrew Keen

Hugh Kelso

David Laidlaw

Peter Lumley

Frances Millane

Lana Moran

Dennis and Fairlie

Nassau

Peter Nixon

Christine Oakley

Ross Oakley

Pharmacy Alliance

Teresa Poon

Tony and Helen Pyman

Michelle Quigley

Sharon Roberts

Caroline Robertson

Greg Roebuck

Nicola Rollerson (APS Foundation)

Rotary Club of Williamstown

Graeme Samuel

Florey Annual Report 2023 19
“Your

researchers and staff are so committed and enthusiastic. When The Florey comes up with a success, it makes me feel proud to be part of the process.“

- Anonymous donor

Bob Santamaria

Caroline Shaw

Mike Sheahan

Stephen Spargo

Gary and Glenise

Travaglia

Harrison Young

Florey Foundation donors

Deirdre Collier

Caitlin’s Fund

Estate of Dorothy

Jean Jackson

Naomi Milgrom

John Milne

Allan and Maria Myers

Donors with lifetime giving of over $1 million

Joanna Baevski

The Baker Foundation

Bethlehem Griffiths Research Foundation

Caledonia

Cornish Group of Companies

Derek Denton

Endowment Fund

DHB Foundation managed by Equity Trustees

Carl and Wendy Dowd

Equity Trustees Limited

Estate of Charlotte

Mary Hermine

Trunshnig

Estate of Kenneth Baillieu Myer

Estate of Marjorie Talan and Akos Talan

Estate of Mary Lugton

FightMND

Harold Mitchell Foundation

The Heart Foundation

Hearts and Minds Investments Limited

Helen Macpherson

Smith Trust

Howard Florey Biomedical Foundation (US)

Howard Florey Medical Research Foundation

The Ian Potter Foundation

The Jack Brockhoff Foundation

The Michael J Fox Foundation

Naomi Milgrom

The Minderoo Foundation

MND Research Institute of Australia

Harold Mitchell (dec)

Martyn Myer

The Myer Foundation

Allan and Maria Myers

National Institutes of Health (NIH) USA

One in Five

The Percy Baxter Charitable Trust

Perpetual Trustees

Australia Ltd

Zeljko Ranogajec

The Rebecca L Cooper

Medical Research Foundation Ltd

Stafford Fox Medical Research Foundation

The Sidney Myer Fund

Sylvia and Charles Viertel Charitable Foundation

James Wiley (dec)

The William Buckland Foundation

The Yulgilbar Foundation

Our donors in 2023

Donors with gifts of $10,000 to $999,999

Peter Armstrong

A-T Children’s Project (US)

Australian Dementia Network (ADNet)

Australian Rotary Health

John and Lorraine

Bates

Berwick Opportunity

Shop Incorporated

Brain Australia

The Brain Cancer Centre

Fight Parkinson’s FightMND

Filadelfia Epilepsy

Hospital (Denmark)

Roslyn Glow

Hearts and Minds

Investments Limited

The Hunter’s Fundraising Group

Kate and Warren Joel

Lana Moran

MND Research Institute of Australia

Old Xaverians

One Less Broken Heart, Inc. (US)

Judy Overbeek

Richard and Juneth

Wall

Donors with gifts of $1,000 to $9,999

Andrew Abercrombie

James Allen

Anonymous

Pauline Atkins

Nicholas Barton

Sandra Benjamin

John Bennetts

Jonathan Benson

Matthew Benson

Angelo Bladeni

Cornelis Boekel

Mary Bram

Margaret Bullen

Valerie Bunter

Candlebark School

Grace Cavanagh

Elaine Chang

Diana Cherry

CJD Support Group

Network

Faye Clarke

Patricia Clennett

Andrew Close

Dorothy Collin

Kevin Cosgrave

Greg Costello

Geoffrey Cottrell

Judy Cowan

Keith Curry

Barbara Darvall

Eril Deighton

John Dixon

Susan Duncan

Andrew Erikson

David Feldman

Janine Ferguson

Sue Fletcher

Valmae Freilich

David Geer

Angela Gibson

Peter Gilbertson

Wayne Gill

Peter Gillooly

Shirley Gionfriddo

Clare Gleeson

Go Salary

Goldie Nominees

Pty Ltd

Romi Goldschlager

Susan Grant

Peter Gray

Lesley Griffin

Sandra Hacker

Frank Hancock

John Harrison

Robert Henwood

Annelie Holden

Bill Holdsworth

Illabarook Pty Ltd

Inner Wheel Club of Bairnsdale

Inner Wheel Club of Pakenham

Susan Iovenitti

Rosemary Jenkins

Kathleen Johnston

Ian Kennedy

Val Kennedy

Wesley Kilham

So Yeon Kim

Peggy Knight

John Leaver

Bonnie Lee

Brian Little

Peter Lumley

Christine MacGill

Elaine Mann

June Marks

Heather Mason

Allistan Mayor

John McKenzie

Muriel McLaren

Victoria McNeilly

Elizabeth Mildwater

Bruce Moran

Dennis Nassau

Kui Meng Ng

Helen Ng

Peter Nixon

Heather Nixon-Smith

Valerie Osbourne

Pakenham

Opportunity Shop Inc

Patsy Patten

Patricia Peck

Elizabeth Pender

Mary Phiddian

Ian Phillips

Ron Pitcher

Robin Pleydell

Glenda Power

Deborah Reich

Ralph Renard

Caroline Richardson

Ritchies Victoria Pty Ltd

Sharon Roberts

Caroline Robertson

David Shaw

Frank Shelton

Gary Stiliano

“I am impressed with the whole atmosphere of The Florey - when I have visited, knowledge, passion and patience are obvious.“

- Anonymous donor

20 Florey Annual Report 2023
“We have made huge inroads into understanding mental health and its disruptors that would not be possible without donor support.“

- Senior Researcher

Betty Stinson

St John’s Uniting

Church Op Shop

Sheryl Summons

Christine Sweeney

Dorothy Tagg

Gregory Taggart

Jenny Tatchell

Wendy Taylor

The Grocer

Linda Thomas

Wendy Thomas

Margaret Toomey

Paul Treasure

Michael Troy

Duncan Tuck

Kay Tudor

Katrina Tull

David Vernon

John Vroland

Philip Weickhardt

Karen Wells

Sineke Winter

Wizid Consulting Pty Ltd

Susanna Woodall

Glenn Woodger

Meredith Woods

Trusts and foundations

Allan and Jill Gray

Philanthropy

Australian and New Zealand Association of Neurologists Education and Research Foundation

Australian Communities Foundation

Australian NPC Disease Foundation

Australian Online Giving Foundation

Australian Philanthropic Services Foundation

Bethlehem Griffiths Research Foundation

Boaden

Paleologoudias

Charitable Grant

Caitlin’s Fund

Dementia Australia Research Foundation

DHB Foundation managed by Equity Trustees

Emma & Bob House Philanthropic Trust

Equity Trustees Limited

Flicker of Hope Foundation

Gaudry Gift Givingforce Foundation

Harbig Charities Pty Ltd atf Harbig Family Foundation

Harold Mitchell Foundation

Hart Line Fund

Hereditary Disease Foundation (US)

Lord Mayor’s Charitable Fund

Massey Charitable Trust

Menika Lanard Jandd

Charitable Foundation

MND Research Institute of Australia

MS Research Australia

NB Gantner Family Trust

Nell and Hermon Slade Trust

Nigel & Patricia Peck Foundation

Percy Baxter

Charitable Trust (Perpetual Trustees)

Perpetual Trustees

Australia Ltd

Pincus Family Foundation

Ralph and Betty Sims Fund

RobMeree Foundation

Samuel and Sadie Mir Foundation

Santalum Foundation

Telematics Trust

The CASS Foundation Ltd

The Frick Foundation (Switzerland)

The Jack Brockhoff Foundation

The Mark Foundation

The Minderoo Foundation

The Rix Foundation

The Roebuck Foundation

The Valda Klaric Foundation

The Waterloo Foundation (UK)

Tom & Ruth O’Dea Foundation managed by Lord Mayor’s Charitable Foundation

Trish MS Research Foundation

UK Online Giving Foundation

Weary Dunlop Foundation

Yulgilbar Foundation

The Florey Society

Thank you to those supporters who have advised they have included a gift to The Florey in their Will.

Peter Armstrong

John and Lorraine Bates

Sally Beavis

Dianne Berlin

Coral Beulke

Hazel and Edward

Brentnall

Kate Brown

Tess Cafarella

Irene and Jeffrey Court

John Crutchfield

Barbara Darvall

Geraldine de Malet

Antoinette Doran

Cathy Foster

Marguerite GarnonWilliams

Doreen and John Gordon-Kirkby

Jane Hargreaves

Jean Hofmaier

Annelie Holden

Helen Lightfoot

Harold Luntz

Elaine Mann

Peter McCarthy

Kris Meade

John Milne

Christine and Garnet

Morgan

Bob Muirhead

Judy Overbeek

Dianne Pascoe

Richard Pestell

Sherry Pratt

Josephine Ridgeway

Annette Rogers

Alma Ross

Melanie Scaife

Kai Simpson

Marie Smyth

Ralph Stavely

Wendy Taylor

Kay Thomas

Rod Thomas

Kay Tudor

James Walduck

Richard and Juneth Wall

Michael Wignell

Bequests and estates

We acknowledge the donors from whom we received a gift through their Will in 2023 and express our appreciation to their family and friends.

Elizabeth Mary Butt

Melva Cairns

Frank Hortin Callaway

Mary Dunbar

Gail Freeman

Shirley Florence Fricke

Joan Axton Gabb

Margaret Grummet

Corrie Eleanor Heath

John Michael Landy

Marian Letcher

Joan and Stefan Mayer

Lois Elizabeth Oliver

Robert Stinson

Daniel Veysey

Joan Wilkinson

We also appreciate gifts received from estates that wish to remain anonymous.

Florey supporters raising funds in the community

Kellie Adams –Fundraising for NPC disease research

Trevor BarrotOne More Night for Tania

Matt Crisafio –Off With The Beard

Francesca Hargrave – Tour2Cure

Schizophrenia

Rajiv Menon –In memory of Dr Duy Tran

Scott Murphy and David Moeller –Walk for dementia

Dalia Sable –Yasmin’s Barmitzvah

We have made every effort to ensure the details in this list are correct. For any queries, please contact us on philanthropy@florey.edu.au.

Florey Annual Report 2023 21

Financial snapshot 2023

Review of operations

For the year ended 31 December 2023, total revenue from ordinary activities was $77.2m. The entity recorded a net operating deficit of $0.3m and a net deficit of $4.2m after depreciation, amortisation and change in fair value of investments.

Income $m Grants 42.2 Commercial 24.7 Philanthropy 5.9 Investment returns 4.4 Total 77.2
$m Salaries and wages (50.8) Direct and indirect research expenditure (26.7) Total (77.5) Operating result (0.3) Depreciation and amortisation (4.9) Net change in fair value of investments 1.0 Net result (4.2) Financial position $m Current assets 108.0 Non-current assets 61.7 Total assets 169.7 Liabilities (52.1) Net assets 117.6
Expenditure
22 Florey Annual Report 2023

The Florey

30 Royal Parade, Parkville VIC 3052

+61 3 9035 3000

245 Burgundy Street, Heidelberg, VIC 3084

+61 3 9035 7000

info@florey.edu.au

Institute of Neuroscience and Mental Health
Front cover graphic: Starry Sky, a microscopic image of nerve cells in the medial habenula. Image produced by Florey student Shivani Vaidya, winner of the scientific prize in Neuropix, The Florey's annual microscopy competition. The
Florey The Florey

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