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Labour plans annual £10bn rise in UK pharma R&D spending

Image: Richard Townshend [CC BY 3.0], via Wikimedia Commons

Party sets out life sciences goals, including long-term public R&D funding to encourage private investment

Labour has laid out its ideas for growing the UK life sciences sector, aiming for an annual increase in pharmaceutical research and development investment of £10 billion by 2028.

Proposals to “turbocharge” UK pharmaceutical R&D rest in part on “taking a long-term approach to public R&D funding” to encourage private sector investment.

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