UK govt issues second Life Sciences Sector Deal

5 December 2018

Today the UK government has published the second Life Sciences Sector Deal,the extension of a previous set of deals announced alongside the UK’s Industrial Strategy in November 2017.

The document details both public and private sector investments into the sector, including a £1 billion ($1.27 billion) research and development investment from Belgium-based UCB (Euronext Brussels: UCB) and a new partnership between government and industry using artificial intelligence to develop the next generation of treatments.

Secretary of State for Business, Enterprise and Industrial Strategy Greg Clark commented: “From the first vaccine to the discovery of DNA, the UK has always been at the forefront of medical endeavour and healthcare innovations. That is why we are building on our unique strengths by placing life sciences at the centre of our modern Industrial Strategy, backed by the biggest increase in public research and development investment in UK history.

Response from BIA

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