The growth of the UK’s biotech sector stands in stark and impressive contrast to many other elements of an economy that is being stagnated by financial and economic uncertainty.
A further indicator of this growth was provided this week with the UK BioIndustry Association (BIA) publishing its quarterly financing update for December 2018 to February 2019.
There was a 35% year-on-year rise in UK biotech venture capital (VC) fundraising, from £135 million ($176 million) in the first quarter of 2018 to £182 million in the first three months of this year.
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