The Update shows that for medical biotechnology there are now 942 companies in the sector with 345 involved in the development, manufacture or sales of therapeutic products. Employment in the medical biotechnology sector grew 3 percent in the last year to 36,700 and turnover increased 18 percent to £5.5 billion.
Nigel Gaymond, Chief Executive of the BIA, said:
“The data published today shows that the government is right to believe that life sciences, such as medical biotechnology, will contribute to the future growth of the economy as recognised in its recent growth review.”
“The UK Bioscience and Health Technology database remains a vital tool in helping government to develop policies to support the future growth of the life sciences sector which will not only help to grow the economy but will also provide new treatments for patients.”
For further information, please contact Robert Winder, Communications Manager, 020 7565 7193; mobile 07825 942 934.
Strength and Opportunity 2010 Update
http://www.bis.gov.uk/assets/biscore/business-sectors/docs/s/10-p90-strength-and-opportunity-bioscience-and-health-technology-sectors
BioIndustry Association
Established in 1989, the BioIndustry Association (BIA) exists to encourage and promote a financially sound and thriving bioscience sector within the UK economy and concentrates its efforts on emerging enterprise and the related interests of companies with whom such enterprise trades.
With over 250 members, the BIA supports a wide range of sectors, majoring on the human health benefits of the technology and represents the interests of these innovative companies to a broad section of stakeholders from patient groups to politicians, advancing its members interests both within the UK and internationally to create a healthy UK bioscience sector which benefits society. For further information, please go to: www.bioindustry.org
The BIA events programme provides numerous opportunities for topical debate about emerging trends and key issues - plus excellent networking opportunities all year-round.
Up-Coming Events And Seminars:
BIA Gala Dinner 2011 27 January – London.Click here for more information.
