ABPI impressed by £220 million UK investment in life sciences tech

3 October 2016

“A clear signal from government that the UK remains a great place for life-sciences” is how Mike Thompson, chief executive of the British Association of the Pharmaceutical Industry (ABPI), responded to news of a £220 million ($283 million) investment in new technology in the sector.

The UK’s Chancellor of the Exchequer Philip Hammond announced the funding for the life science and university sectors to help technology breakthroughs translate into commercial success, on Saturday.

This package is also aimed at ensuring disruptive businesses thrive in the UK. It includes £100 million of funding to extend and enhance the Biomedical Catalyst, which supports innovative UK life science companies to translate cutting-edge medical technologies into commercial success.

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