A cohort of British life sciences organisations are heading to the US to showcase their abilities and seek international opportunities.
The UK pavilion at the Bio Conference in Boston will host to 21 British organisations and will celebrate the 70th anniversary of the NHS.
The US is the world’s largest market for life sciences and Abingdon-based PsiOxus is already benefiting from the opportunities across the Atlantic, having recently secured a deal with US counterpart Bristol Myers-Squibb that could be worth nearly $1bn over the lifetime of the partnership.
Alderley Park from Manchester, the Northern Health Science Alliance and Ulster University will join PsiOxus and Baroness Fairhead, Minister of State for the Department for International Trade at the conference.
Delegates will have the chance to attend networking forums, panel sessions and the UK Innovation Reception which will focus on showcasing the UK as ‘the home of health innovation’.
Baroness Fairhead, Minister of State for the Department for International Trade, said: “As a global leader in scientific innovation, with more than 5,500 life sciences companies, the UK’s offer to the world in this sector is clear. I am delighted to be joined on this trade mission by terrific businesses from all across the UK.
“The Department for International Trade will continue to use trade missions such as this to promote healthcare and life sciences innovators across the world, driving investment and forging trade ties that have the potential to further scientific boundaries and improve the lives of millions.”
British pharma exports to the US totaled more than £6 bn last year, 8% of all American pharma imports, whilst US medical exports to the UK totaled £1.6bn.
Latest statistics from the Department for Business, Energy and Industrial Strategy show that Health and life sciences are worth over £70bn to the economy and provide jobs for almost 241,000 people across the country.
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