N-Site is a unique knowledge portal which provides expert insight and expertise for organisations, professionals and academics in the life sciences sector. This resource is now free to all subscribers, reflecting our intention for this resource to be used by as many as possible, and offers over 85 Guidance Notes from FTI Consulting, Gill Jennings & Every and Taylor Wessing on the key issues affecting companies in the sector.
I attended and participated in the inaugural WuXi Healthcare Forum in Shanghai in March 2019, enabling me to gain a better insight into some of the key trends occurring in innovative life science in China today. Here are a few thoughts that I came away with.
In the last two years China has made a concerted attempt to, and has delivered, fundamental changes to key aspects of its human healthcare market as part of a broader Government push to improve healthcare for the nation and become a leader in biotechnology. They fall into four areas regulation, reimbursement, talent and capital.
I spent last week at the inaugural WuXi Healthcare Forum in Shanghai, and it proved to be a hugely insightful week, with over 2000 global leaders gathered. I spoke on a panel entitled ‘New Era, Golden Opportunities’ where leaders from China and the UK explored how key stakeholders are redefining the innovation narrative – opening up a new era of opportunities and connecting the global life sciences ecosystem. I also attended the British Consulate-General/BioIndustry Association official reception hosted by John Edwards, HM Consul General in Shanghai and Kevin Holland, Minister Counsellor of Life Sciences and Healthcare at the British Embassy in Beijing. You can read a blog on my thoughts from the forum and the other life sciences developments in China here. The UK’s China life sciences tea
More M&A is on the horizon after a strong start to the year. It won’t be the last, with more expected over the next few months. There is likely to be a positive trickle-down effect on UK Life Sciences. Can you help with the BIA’s work for Comprehensive Spending Review? Will delisting become a trend? We discuss the jargon surrounding public and private companies and introduce the investor Mercia.
Anti-microbial resistance (AMR) is undoubtedly one of mankind’s greatest healthcare challenges. This is emphasised by the fact that this crisis is a main agenda item for the United Nations, World Health Organisation, G7 and G20. Lord O’Neill, chair of the UK Review on Antimicrobial Resistance, put the future in stark contrast in his 2016 report “Tackling drug-resistant infections globally” – if significant steps are not taken to address this issue, >10 million AMR attributable deaths per annum (more than currently caused by cancer) and a total cost to the global economy of $100 trillion by 2050 is predicted.
Fantastic member news came out this morning – Nighstar Therapeutics (who feature in our Cell and Gene Therapies Explainer) have reached an agreement to be acquired by Biogen Switzerland Holdings for $877 million. Nightstar was founded and built by BIA member Syncona Ltd, an industry leader focussed on building and funding global life science leaders. This valuation represents a 4.5X multiple on Syncona’s initial investment in Nightstar and is a resounding endorsement of Syncona’s business model, demonstrating the fantastic returns obtainable through long-term commitment to companies. You can read more about this great news here.
Wish you could see our annual finance report in video form? Well now you can! Check out this animated video of the key data from our annual biotech finance report from 2018. In the report we explore how the UK has competed against other key biotech hubs around the world, and what the health of fundraising is in the sector.
In my first blog in this series, I discussed how the Spending Review (SR) would have received a whole lot more attention in normal political times than what it has so far. BIA is working hard to change that. Two weeks ago, we brought together a stellar panel in front of our whole membership to discuss what the life sciences sector can expect from the SR and get our members’ feedback on BIA’s emerging key messages.
When Brexit seemingly takes up an ever-increasing amount of time and resources, it’s important (and perhaps even – dare I say it – refreshing) to remember there are other matters of great concern for the life sciences sector.
One of those matters is this year’s Spending Review (SR)– the process by which the Government decides how much each government department will spend within a given period. This has a major impact on our sector as public funding bodies, such as UK Research and Innovation (UKRI), its Councils and the National Institute for Health Research (NIHR), are funded through government departments.
2018 saw a record year for UK Bio funding with £2.2bn raised from investors. However, 2019 has started with more of a whimper impacted by both Brexit uncertainty and the Trump shutdown in the USA despite an encouraging JP Morgan conference. This month, too, GSK breaking up, meeting M&G and get a better understanding of call and put options.