• Press Release

Genomics drives UK life science success, new report finds

Genomics companies outperform their life science peers at attracting both public and private investment according to a new report. New data shows that UK genomics companies raised £1.9 billion of venture investment and £35.7 million in public grants since 2017, demonstrating the strength of this innovative sector.

UK R&D tax relief remains highly supportive of life sciences following BIA campaign

The UK’s R&D tax relief regime will continue to support innovative life sciences and biotech companies to conduct essential clinical trials and some pre-clinical work overseas following the publication of new draft legislation. However, some concerns remain, with further clarifications and guidance needed, says the sector’s trade association.

UK biotech leaders urge policy makers to boost sector as economic climate worsens

The UK biotech sector has continued to attract investment despite global economic headwinds impacting all sectors, new data published by the UK BioIndustry Association (BIA) and Clarivate shows today (30 June 2022). The data has been published as biotech leaders visit the Houses of Parliament to press policy makers to make the most of the UK’s competitive advantage to be at the forefront of global innovation in the 21st Century. The new data on equity investment in the UK biotech and life sciences sector between March and May 2022 shows £450m was raised, compared to £481m in the first quarter of 2022

UK life sciences sector response to COVID-19 key for Moderna investment

Steve Bates OBE, Chief Executive of the BioIndustry Association and former member of the UK Vaccine Taskforce in 2020 said: “UK innovators look forward to welcoming the Moderna team into our collaborative and capable community.  The UK’s life science ecosystem’s innovation base, with Moderna’s new mRNA Innovation and Technology Centre and additional mRNA manufacturing centre stage, is now superbly placed to ensure the next generation of mRNA technologies, including next generation vaccines, are developed and manufactured for the globe from the UK." 

BIA reacts to WTO ministerial conference on IP TRIPS Waiver

Commenting on the decision by the WTO World Trade Organization (WTO) Ministerial Conference (MC12) to endorse a TRIPS waiver for COVID-19 vaccines, Steve Bates OBE, Chief Executive of the BIA said: “The new WTO agreement will make it far harder for innovative small biotech companies to raise finance to develop their innovations against the next threat and does nothing to solve the immediate access to vaccines challenges the globe faces.  It incorrectly points to intellectual property as a barrier to the pandemic response rather than an enabler bringing healthcare solutions, safely and quickly to patients.”

BIA publishes analysis of Innovation Map at BIA Start-up Festival

The BioIndustry Association (BIA) has today released analysis of its Innovation Map at its Start-up Festival. The Innovation Map was launched in 2021 and is a resource to support next generation entrepreneurs to find relevant programmes to establish or grow their business within the UK life sciences and biotech ecosystem.

BIA celebrates RQ BIO licencing agreement with AstraZeneca for monoclonal antibodies targeted at COVID-19

Today RQ BIO has announced a licencing agreement with AstraZeneca for its portfolio of early-stage monoclonal antibodies targeted against SARS-CoV-2, with the company also emerging from stealth mode on completion of the agreement. RQ Bio is a UK-based biotechnology company focused on developing treatments and preventative therapies based on potent broad-spectrum mAbs to address areas of unmet need in vulnerable patient populations.

Give pension savers the opportunity to invest in the development of new medicines and a greener economy

The BioIndustry Association (BIA) has called on the UK Government to improve transparency in the pensions industry so that savers can make informed decisions on what their money is invested in.

BIA response to tabled WTO TRIPS Waiver text

Steve Bates OBE, Chief Executive of the BioIndustry Association and Chair of the International Council of Biotech Associations said “Now that the text is open to public scrutiny after its formal proposal by the WTO Director-General, it is clear that what is proposed would do nothing to solve any of the challenges we face in 2022 and will only make it far harder for small companies pioneering in this space to develop future innovative solutions.

BIA reacts to NICE Antimicrobial Resistance subscription model announcement

The National Institute for Health and Care Excellence (NICE) has published draft guidance on the value of two antimicrobial drugs – Pfizer’s ceftazidime with avibactam and Shionogi’s cefiderocol – to the NHS, as part of a project to test a new subscription-style payment model for antimicrobials. NICE and its partners will now work to “review the approach taken in this project and develop routine arrangements for the evaluation and purchase of antimicrobials for the NHS.”