U.K. Gains Billions of Pounds in Health-Care Investments
- Government to make a cash infusion of 500 million pounds
- As many as 30 companies to join in pharma’s sector deal
Photographer: Chris Ratcliffe/Bloomberg
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As many as 30 health-care companies will join with the U.K. to invest billions of pounds in projects as the government pledges to make the country more attractive for the life sciences industry, people with knowledge of the matter said.
Drugmakers, research outfits and biotechnology companies will all participate in the effort, called a sector deal, according to the people, who asked not to be identified because the information isn’t yet public. The U.K. government will make a cash infusion of as much as 500 million pounds ($673 million) in the plan, although final amounts haven’t yet been determined, one of the people said.