UK unveils significant post-Brexit boost for life sciences sector

6 December 2017

British lawmakers have revealed details of a new industrial strategy for the life sciences sector, aimed at supporting economic development in the wake of Brexit.

Health Secretary Jeremy Hunt and Business Secretary Greg Clark set a number of strategic goals, which include a special status for the pharmaceutical and biotech industries.

The plans, which incorporate many recommendations made in the Life Sciences Industrial Strategy, include more investment for research and development, a rise from the current level of £9.5 billion ($12.7 billion) up to £12.5 billion in 2021.

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