The UK may be Europe’s pre-eminent biotech sector but its potential has been held back by a huge shortfall in cash compared with the US. That could be about to change, with the launch this week of a long-awaited scheme to entice pension funds to invest in early-stage biopharma companies.
Hopes For A ‘New Era’ In UK Biotech Financing With Pension-Backed Fund
Backed by the UK government and the Phoenix Group, the initial £200m fund is aimed at convincing pension funds to invest in the higher-risk, higher-reward life sciences sector.
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