UK biotech sector enjoys record year of investment
A record £3 billion ($4.1 billion) has been raised by the UK biotech and life science sector in the first three quarters of 2021, according to new data released today the BioIndustry Association (BIA) and Clarivate.
With £576 million raised between June and the end of August, fundraising in 2021 has already surpassed the previous record year of 2020, when £2.8 billion was raised, with another three months of the year left to go.
The report shows in the past quarter, two companies secured over £100 million each and a further three raised over £20 million each in venture funding to finance their growth. These deals, led by experienced US and Korean investors, show the world-leading reputation of UK biotech and life science companies.
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