150 jobs are to be created in Stevenage, England as a new £55 million cell therapy manufacturing centre is set to be created on the existing Stevenage Bioscience campus.
Business Secretary Vince Cable emphatically welcomed the news when he said of the new project:
“This therapy is at the very cutting edge of medical research, and is using our own cells in the fight against life-threatening diseases including cancer. This state-of-the-art facility in Stevenage will ensure Britain can be a real leader in this industry. Supporting British scientists is crucial for our long-term economic growth and that is why we are publishing a science and innovation strategy this week – a blueprint for building our future innovation infrastructure.”
Keith Thompson, chief executive of the firm opening the centre, Cell Therapy Catapult (CTC), echoed the Business Secretary’s sentiments when he said:
“This facility will complement the existing UK capability, enabling companies to operate at the scale needed… and we look forward to working with global scientific and medical communities to assist in their research into products that have the potential to address many unmet medical needs.”
Britain has long been a global leader in the sciences and medicine fields and this centre will further add to this as it also creates more jobs and boosts the economy.
In other news of a similar nature, UK pharmaceutical company Shire has just announced a deal to buy US biotech firm NPS Pharmaceuticals for $5.2bn (£3.4bn) and is set to be completed by the end of the first quarter of 2015 in a move that will make it the first major corporate acquisition of the year. Shire’s chief executive Flemming Ornskov said of the deal:
The acquisition of NPS Pharma is a significant step in advancing Shire’s strategy to become a leading biotechnology company. This is about growth and rare diseases, and it fits hand in glove with our strategy and our franchise.”
The move further strengthens Shire position in the lucrative field of medicines for rare diseases and asserts Britain’s global dominance in the field of medicine.
As Britain once again emerges as a strong economic force on the international stage, it is turning towards its well established fields of excellence to lead the way in creating income and providing jobs and these are just two examples of where that is happening as the country strives for further economic growth on the back of a very positive 2014.
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