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UK Urged To Protect R&D Tax Credits, The Lifeblood Of Biotechs

 
• By Kevin Grogan

Verona Pharma is rising high with the newly-launched chronic obstructive pulmonary disease drug Ohtuvayre but its development would have been severely compromised if it had not been for government benefits, non-executive chair David Ebsworth tells Scrip.

UK health secretary Wes Streeting (Fred Duval/Shutterstock)

R&D tax credits have played a vital role in advancing UK life science, mitigating the perils of investing in such a high-risk sector, and the country’s new government has been urged to ensure that they remain fit for purpose.

The importance of R&D tax credits to the biopharma industry in the UK, especially for the smaller players, was highlighted at the recent Jefferies London Healthcare Conference during a session with Wes Streeting, the UK health secretary since the Labour Party’s

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