UK government boost to life science industry includes early access to news drugs
A multi million pound package of measures were outlined by the Prime Minister David Cameron to support the UK’s life sciences industry and promote faster access to new medicines for patients, as briefly reported yesterday, and included a new £180 million ($281.3 million) fund to support the next medical breakthroughs.
The UK life science industry is the third largest contributor to economic growth in the UK with more than 4,000 companies, employing around 160,000 people and with a total annual turnover of over £50 billion. Its success is key to future economic growth and the government goal is to rebalance the economy towards making new products and selling them to the world.
The government launched its Life Sciences Strategy and a review of innovation in the National Health Service from NHS Chief Executive Sir David Nicholson to meet this challenge and attract further investment to the UK.
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