Reported 1 day ago
According to the BioIndustry Association's annual report, the UK biotech sector raised £3.5bn in 2024, reflecting a dramatic 94% increase from the previous year and marking the highest total since 2021. Despite this surge in funding, the report highlights that investment is concentrated among a few companies, with a significant portion of venture capital coming from North American investors. Challenges remain for the UK sector, particularly in scaling businesses and attracting more domestic investment.
Source: YAHOO