Showcasing the Best of Welsh Business

GlaxoSmithKline Invests £40M in UK Life Sciences Sector

SHARE
,

GlaxoSmithKline has announced it will invest £40m into UK genetic research as part of the government’s life sciences sector deal.

Other companies are expected to announce further deals in the coming weeks with government sector deals forming part of a new industrial strategy aimed at boosting UK productivity.

The funding will strengthen initiatives in genetic research and in new medicine development.

The deals will provide partnerships with private sector companies in construction, artificial intelligence and automotive industries.

The government commissioned a report on the life sciences sector from Professor Sir John Bell who has recommended the creation of between two to three entirely new industries and four UK companies worth more than £20bn within the next ten years.

Read the full story on the BBC.

SHARE

Life Sciences Hub Wales is the focal point for the Life Sciences sector in Wales – stimulating innovation, collaboration and investment.

The Hub is the ‘nerve centre’ for the eco-system in Wales, facilitating and encouraging innovation, aligning research with commercialisation, providing access to finance and expertise, and supporting business development in existing organisations.

Bringing together all facets of the network in Wales including academic, business, clinical, government, professional services and funding organisations, the Hub provides a commercially-driven resource for the sector.

The Hub hosts and engages organisations large and small and not only those in Life Sciences but a fully engaged network of professional services providing expertise and support to the sector.

Member organisations and partners benefit from a dedicated venue and a single access point to bespoke facilities, co-ordinated support, networking opportunities, professional advice, exclusive events, and most importantly promotional and funding opportunities.

Business and organisations working at the Hub include those operating in Pharmaceutical, Medical Technology, Biotechnology, Research & Development, Diagnostics, Clinical, Funding, Service & Supply Chain, and Business Support.

Get in touch to find out how your business or organisation can benefit from working with the Hub and discover more about our network of entrepreneurs, academics, SMEs and multinational corporations, and find out more about Wales’ impact on the global Life Sciences eco-system.

 

Related Articles