£10m Cash Boost For UK Regulator To Speed Up New Drug Approvals

Tax Relief Move ‘A Huge Boost’ For Biotech

An injection of new money should provide something of a shot in the arm for the UK’s drugs regulator as it deals with post-Brexit realities.

Grant funding
The UK has allotted new funding to boost innovation • Source: Shutterstock

New funding announced yesterday for the UK Medicines and Healthcare products Regulatory Agency will be used to develop a “thorough but shortened process” to speed up the approval of innovative UK-developed products such as cancer vaccines and AI-based therapeutics for mental health conditions.

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