The UK’s universities and science minister David Willetts has unveiled a £93.2m ($141.6m) package designed to boost the country’s life sciences sector.

The funding includes a £29.3m chunk to be directly invested into innovative life sciences firms, including university spin-outs.

Other parts of the package include £25.9m which forms Round 3 of the UK’s Biomedical Catalyst initiative, which supports 29 firms and five universities, and a further £38m to support the construction of the National Biologics Manufacturing Centre.

David Willetts…

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