Private investments in UK biotech continue at a slower pace
Despite continuing economic turmoil in the UK, with high inflation and low growth affecting business sentiment, new capital has continued to flow into the life sciences industry, albeit at a slower rate than in earlier years.
Figures provided by the BioIndustry Association (BIA) show that private UK biotechs secured £258 million ($333 million) in new investments in the first quarter of 2023.
That figure reflects a total of 20 deals for biotech companies at all stages of development.
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