来源: Pharmaceutical Technology
Chancellor of the Exchequer Jeremy Hunt announced a £360m investment into R&D and manufacturing in the Spring budget. Credit: Sean Aidan Calderbank via Shutterstock.
Leading up to the UK Spring Budget announcement this week, Chancellor of the Exchequer Jeremy Hunt declared a £360m ($456.6m) investment into UK research and development (R&D) and manufacturing.
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来源: Pharmaceutical Technology
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The government revealed plans to offer £7.5m to two pharmaceutical companies who are altogether investing £84m to expand their manufacturing plants in the UK.
Almac, a contract development and manufacturing organisation for cancer and heart disease therapeutics is expanding its Northern Irish operations, whilst the Welsh company Ortho Clinical Diagnostics is scaling up its facilities for the production of diagnostic tests. Hunt announced that eligible companies will be allowed to apply for a share of the £520m funding for life sciences mentioned in the Autumn Statement. The government plans to hold competitions for large-scale investments this summer and other opportunities for smaller companies will later be available in autumn.
In the Autumn Statement, the UK’s Conservative government allocated £51m for the Our Future Health Initiative, to give the National Health Service (NHS) the resources necessary to recruit more patients for clinical trials and prevent, treat and detect diseases. The UK pharmaceutical manufacturing space has been up for a reckoning with increasing competition from European countries, especially in the generics space.
来源: Pharmaceutical Technology
Why small particles matter: Manufacturing and micro-material contamination
来源: Pharmaceutical Technology
In a 4 March press release, Business and Trade Secretary Kemi Badenoch said, “Today’s announcement builds on the success of our Advanced Manufacturing plan announced last year, and will ensure we continue to grow the economy, help create jobs and secure the future of great British manufacturing.”
The December 2023 Advanced Manufacturing plan proposed an additional £4.5bn of investment into strategic manufacturing sectors. The plan explained that for every £1 of government funding towards manufacturing, there would be a matching £5 given from additional private sector investment.
Following the announcement, Nigel Layton, partner and head of healthcare and life sciences at the pharmaceutical consulting company Mazars said: “The public funding, especially if it is non-dilutive, means that life science companies involved in drug discovery or the manufacturing of diagnostic technology will be able to utilise the funds to advance their R&D programmes without it jeopardising future funding rounds.”
Free ReportHow is the Biopharmaceutical industry evolving?
2021 was a year of continued innovation and change in the Biopharmaceutical industry. As the COVID-19 pandemic continues to take its toll on businesses worldwide, it’s time to look for new ways to create value, prepare for the future, and remain competitive in the ever-changing landscape. GlobalData’s expansive report examines the business environment and trends that shape the Biopharmaceutical industry. We highlight the most impactful emerging technologies, as well as the industry, regulatory, and macroeconomic factors that influence growth prospects.
Benchmark the impact of major themes on the Biopharmaceutical industry.
Gain a deeper "on the ground" perspective through exclusive opinions and analysis from industry respondents.
Evaluate the effects of COVID-19 on the sector. Download the full report to understand what to expect and how to align your strategies for success.
来源: Pharmaceutical Technology
Antigua & Barbuda (+1268)
Bosnia Herzegovina (+387)
Cape Verde Islands (+238)
Central African Republic (+236)
Dominican Republic (+1809)
Sao Tome & Principe (+239)
Trinidad & Tobago (+1868)
Turks & Caicos Islands (+1649)
United Arab Emirates (+971)
Virgin Islands - British (+1284)
Virgin Islands - US (+1340)
Bonaire, Sint Eustatius and Saba
British Indian Ocean Territory
French Southern Territories
Heard Island and McDonald Islands
Saint Helena, Ascension and Tristan da Cunha
Saint Pierre and Miquelon
Saint Vincent and The Grenadines
South Georgia and The South
US Minor Outlying Islands
-->By downloading this case study, you acknowledge that GlobalData may share your information with GlobalData and that your personal data will be used as described in their Privacy Policy Submit
Visit our Privacy Policy for more information about our services, how GlobalData may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
Thank you.You will receive an email shortly. Please check for download the Report.