BIA applauds record levels of investment in UK biotech sector

The leading trade group for the British biotech industry - the UK BioIndustry Association (BIA) - has published new figures showing that the sector raised a record £2.2 billion ($2.9 billion) last year, up from the £1.2 billion it raised in 2017.

BIA has also produced a report - Confident capital: backing UK biotech - providing further details of the performance of the sector over the most recent period.

The report finds that over £1.1 billion of venture capital was invested into UK biotech companies, and over £1 billion was raised on public markets in 2018. Across Europe, UK companies accounted for 40% of all biotech venture capital raised and 45% of funding raised through IPOs.