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A Supercharged Charitable Investment Fund To Nurture UK's Biotech Ecosystem

 
• By John Davis

The UK’s largest medical charities, the Wellcome Trust and Cancer Research UK, have backed the formation of a bulked-up £1bn long-term investment fund from the bringing together of Syncona, the CRT Pioneer Fund and BACIT, with the aim of building a self-sustaining UK biotech ecosystem.

Proposals to develop a £1bn life sciences investment fund that will be large enough to support start-up UK biotech companies long-term, and help in building the UK life sciences ecosystem with substantial standalone businesses at its apex, have been broadly welcomed.

The fund, dubbed a “UK life sciences champion”, might also help in attracting the attention of institutional investors who are not specialist biotech investors, and have been put off by the

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