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UK biotech sees a good second quarter for investment

Companies secure £382 million in financing, up 29 per cent from previous quarter

UK biotech investment increased by almost 30 per cent in the second quarter of 2023 despite the global market downturn, according to new data.

UK-headquartered life science and biotech companies secured a total of £382 million in venture and public financing, up 29 per cent from the previous quarter’s £295m, a report from the global analytics firm Clarivate* and the Bioindustry Association trade body has revealed.

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