£500m of new investments from life science sector announced
The Prime Minister welcomes nearly £500m of new investment from the Biopharmaceutical sector today.
The investment aims to create at least 420 high-skilled jobs and drive economic prosperity across the UK.
Also, the Prime Minister will today convene the Biopharmaceutical CEO Roundtable of global industry leaders – including AstraZeneca, GSK and Pfizer.
Prime Minister Boris Johnson said: “With scientists around the world working tirelessly to learn more about the Omicron variant, we have never been more indebted to the extraordinary power of Life Sciences.
“Today I am bringing global industry leaders together to discuss our renewed efforts against Covid-19, while ensuring we are better equipped to tackle future healthcare challenges.
“As we press ahead with our goal to become a science superpower, the new investments made today will help us forge life-changing breakthroughs against other diseases, such as cancer and dementia, while creating hundreds of high-skilled jobs across the country.”
The individual investments secured today include:
£400m from Fujifilm Diosynth Biotechnologies to create the largest biopharmaceutical manufacturing site in the UK.
£30m from GSK to deepen understanding of diseases such as Alzheimer’s, and improve the success and speed of R&D of new medicines using advanced technologies.
£17m from Bristol Myers Squibb to expand their headquarters to accommodate global drug development in data science and biometrics.
£11.7m from J&J for a new digital surgery ecosystem in Leeds;
£1.5 million from Roche for a blood test evaluation programme that will genomically profile lung cancer.
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