£1.3 billion industry/government investment in UK economy and new partnership driving early disease detection

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December 05, 2018 00:15

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The second Life Sciences Sector Deal will support healthcare innovation and back businesses to create high-paid, high-quality jobs.

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life-saving early disease detection technology to be developed by new partnership between government and industry using artificial intelligence (AI) to develop the next generation of treatments, including a first-of-its-kind national health programme

the second Life Sciences Sector Deal, with industry investment from 10 companies, will support healthcare innovation and back businesses to create high-paid, high-quality jobs as part of the government’s modern Industrial Strategy

the deal signals a vote of confidence in UK industry, with global biopharmaceutical company UCB investing around £1 billion in research and development, including in a new state-of-the-art facility

Tens of thousands of lives could be saved by pioneering research to detect deadly diseases before symptoms even appear, thanks to a new collaboration between the government and the Life Sciences Industry. The deal will also announce that global biopharmaceutical company UCB is investing £1 billion in research and development, including in a new state-of-the-art facility, continuing the UK’s reputation as a world leading base for global life sciences research and industry.

The programme, backed by up to £79 million of government funding, will study 5 million healthy people to develop new diagnostic tests using AI and is part of the government’s Life Science’s Sector Deal 2, announced today by Businesses Secretary Greg Clark and Health Secretary Matt Hancock.

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Organization: Life Sciences Organisation — imported from official source
Official source: https://www.gov.uk/government/organisations/life-sciences-organisation.atom ATOM
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Identity: https://www.gov.uk/government/news/13-billion-industrygovernment-investment-in-uk-econo...