UKUK

UK to channel EUR21m into regenerative medicine

16.07.2009

London – The UK’s Office for Life Sciences (OLS) will invest EUR21m into the development of stem cell therapies via its “Life Sciences Blueprint” programme. The move was welcomed by the Bioindustry Association (BIA). „ This funding provides a solid foundation on which the UK’s regenerative medicine industry can grow,” said Richard Archer, Chair of the BIA RegenMed Industry Group. On top of the funding the MRC, BBSRC and the PSRC will support the programme with an additional EUR4m funding.
According to the BIA, the package of measures provided by “Life Sciences Blueprint” will help the UK capitalise fully on its leading global position in regenerative medicine. The OLS’ blueprint sets out to transform the UK environment for life sciences companies and ensure faster patient access to cutting-edge medicines and technologies.
The measures include the introduction of "Innovation Pass", a 3-year initiative that will make selected innovative medicines available on the NHS for a time-limited period. The Pass will be piloted in 2010/2011 under the leadership of the National Institute for Health and Clinical Excellence (NICE), with a budget of EUR29m.
Additionally, UK government will reinforce the need for greater emphasis on research and clinical trials in the next NHS Operating Framework. Futhermore, UK policymakers will support the formation of a UK Life Sciences Super Cluster to co-ordinate work across industry, higher education and the NHS, and boost international recognition of UK life sciences.
In regenerative medicine, the UK is under pressure by world-class competitors located in Israel. At the end of June, Israel’s trade ministry set up a EUR45m capital fund for their biotech start-ups, which are to a good part active in RegenMed.

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02.04.2012

London - The not-for-profit UK Biobank, the most comprehensive health study in Britain, is now accessible to researchers from industry and academia. The resource, which contains some 1,000 pieces of health and lifestyle...

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21.03.2012

London – The British Wellcome Trust announced on 20 March that it will launch a £200m business to invest directly in healthcare and life sciences companies. The business, up to now running under its working title Project Sigma,...

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07.03.2012

Nanopore sequencer Oxford Nanopore Technologies, a UK firm that promises its third-generation technology could theoretically sequence a human genome in 15 minutes, impressed scientists with the first public presentation of its...

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06.03.2012

GlaxoSmithKline (GSK) is further strengthening its activity in the area of rare diseases. The London-based pharma giant has signed an early-stage deal to develop and commercialise treatments for lysosomal storage disorders...

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27.02.2012

London/Montreal - Angiochem will collaborate with British pharma trust GlaxoSmithKline (GSK) plc on treatments for lysosomal storage diseases (LSD). London-based GSK will pay $300m, including up to $31.5m in upfront cash and...

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08.02.2012

London - GlaxoSmithKline re-adjusts its €3.7bn R&D budget. Following a review, three of 38 R&D units will be cut and four new ones installed, the UK drug company said in a statement on 7 Februray. Furthermore, six of the...

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03.02.2012

London - AstraZeneca tries to shed some weight, anticipating a tough year ahead. 7,300 jobs will be gone soon, the Anglo-Swedish drug company said in a statement. Research and development operations will be cancelled in...

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16.01.2012

Newhouse – An example of Schumpeter's dictum of creative destruction can be witnessed in Scotland. A former research site of US-pharma company Merck will be reborn as a biotech science park. BioCity Scotland Ltd, a joint venture...

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