Archives for the month of: May, 2017

Today, the Scottish National Party (SNP) published its manifesto, which means that the UK’s four biggest parties have now published their manifestos for the General Election on 8 June. Last week, the BIA’s policy team looked at what the Conservative, Labour, and Liberal Democrat Parties’ manifestos mean for the life sciences. Here, we look at what the SNP manifesto says about the life sciences.

The SNP manifesto state that the party “will hold the Tories to account, making sure they cannot trade away Scotland’s industries in Brexit negotiations”. While the manifesto does not contain a guarantee of a second independence referendum, the SNP stresses that if the party wins a majority of Scottish seats the case for another referendum would be immensely strengthened. The manifesto refers to this as a “triple lock”, building on last year’s Holyrood election and the Scottish Parliament’s recent vote.

Unlike the other parties, which all clearly recognise the importance of the life sciences, the SNP manifesto does not explicitly mention the sector. Nonetheless, noteworthy policies for the life sciences include:

  • Staying part of the EU Single Market
  • Calling on the UK government to stay part of the European Medicines Agency (EMA), as losing access to the EMA “through Brexit means that there may be delays to new medicines becoming available in the UK”
  • Devolving responsibility for medicine and medical product regulation to the Scottish Parliament
  • Pressing the UK government to match current Scottish government spending per head on health (this would increase NHS England’s investment by £11bn by the end of Parliament)
  • Seek clarity from the UK government on how EU funding schemes like Horizon 2020 will be replaced
  • Calling for a Scottish representative to be a standing member of the UK Research and Innovation Board
  • Seek to devolve immigration powers to Scotland, reintroduce a Post-Study Work Visa scheme for international graduates, and oppose a Skills Immigration Charge
  • Calling for clear guidance and mandate for the Small Business Commissioner for their role in delivering the Industrial Strategy

The General Election is now just over a week away and we will be sharing all of our election analysis with you in a mailing at the end of the week.

In this week’s update: BIA CEO and Investor Forum, what the party manifestos mean for the sector, BIA finance report published and Summer Networking Reception details.

It was great to catch up with so many of you at the CEO and Investor Forum in Oxford last week. There were fascinating panels looking at investment from the East and how UK biotech can attract this funding, exploring the changes taking place under Trump in the USA and hearing from CEOs and the finance community about how we can continue to grow the sector here in the UK. Our lifetime achievement award winner, Kate Bingham also took part in an excellent fireside chat before the dinner on the first evening to share her views on the sector and the challenges for 2017. There were some fantastic company presentations from BIA members  that demonstrated the wealth of cutting edge biotech taking place here in the UK and offered investors some exciting opportunities to get further involved with the sector. If you attended the day then please fill in the feedback form to let us know what you thought of the day so we can make sure that we tailor this event to suit your needs.  We will be covering some of the key themes from the day on the BIA blog over the coming weeks.

On Wednesday, at the Forum, we launched our finance report Building something great: UK’s Global Bioscience Cluster 2016, which demonstrates that the UK is on track to build the world’s third global biotech cluster. The report also shows that the UK maintained its strong leadership position in European biotech funding in 2016 and has the strongest pipeline for future drug development in Europe. These achievements are thanks to the excellent science produced by our entrepreneurial and resilient community that is staffed by great management teams with the capability to tackle the challenges of working in a global environment. We will be working with our data partner Informa to update the statistics on a quarterly basis so we can share a more current snapshot of biotech financing with members and we’ll keep you posted on when the next update will be due.

The Conservative, Labour and Liberal Democrat Parties have now published their manifestos for the upcoming General Election. I’m pleased to see that our campaigning as an industry is having real impact, with all three parties committed to furthering UK science innovation. The parties also pledged to continue or increase investment in the sector and to increase NHS funding. For more detail, you can read our policy team’s blog on the manifestos and what they mean for the life sciences.

On 6 July, we’ll be hosting our Summer Networking Reception in London. The reception will provide an excellent opportunity to unwind and network following our Parliament Day event at Westminster. Join us on the roof-top terrace at the IET Savoy Place for stunning views, great company and excellent food. I hope to see you there.

Best,

Steve

An introduction to 14 diseases commonly treated by MSF. In this video we look at the history of antibiotic resistance.

 

The Conservative, Labour and Liberal Democrat Parties published their manifestos last week. In this blog, the BIA’s policy team looks at what the manifestos for this crucial general election will offer the life sciences. Below, we focus on policy areas where there is agreement between the three parties, but have also included some other noteworthy policies.

Life science topics the parties (mostly) agree on

The Conservatives aim to build on the UK’s outstanding science base to make it “the most innovative country in the world”; Labour wants to create “an innovation nation”; and the Lib Dems recognised that “research is vital for our long-term prosperity, security and wellbeing”. It is fantastic to see that the campaigning the BIA, our members and partners are doing has kept science high on the political agenda.

The Conservatives and Labour have committed to a long-term goal of the UK investing three percent of GDP in R&D. Similarly, the Lib Dems have pledged to protect the science budget, with a long-term aim to double innovation and research spending across the economy. In addition, both Labour and the Lib Dems want the UK to continue to have access to EU-funded projects such as Horizon 2020.

All three parties agree that the NHS needs more funding, although they disagree on the amount. Labour has committed the most money compared to the other parties with £30bn over five years to the NHS and an additional £8bn to social care. The Lib Dems will allocate £6bn per year to the NHS and social care services combined, while the Conservatives will increase current NHS spending by a minimum of £8bn over the next five years and are proposing ways to increase social care funding. The Conservatives will implement the recommendations of the Accelerated Access Review (AAR) to make sure that patients get new drugs and treatments faster, similar to Labour’s commitment to ensure all NHS patients get “fast access to the most effective new drugs and treatments”. See our recent report on the AAR and industrial strategy – “Now more than Ever:  Seizing the opportunity to make the UK a world leader in life sciences”.

All four parties agree on the importance of small and medium-sized enterprises (SMEs). The Conservatives will use industrial strategy to support innovation by small and start-up firms, establish funding streams to ensure investment for the long term, and lower corporation tax to 17 percent by 2020. Similarly, Labour considers SMEs to be “the backbone of the economy”. Labour will reintroduce the lower small profits rate of corporation tax and use funding from their National Investment Bank to provide “patient, long-term finance to R&D-intensive investments”. The Lib Dems also stress the need for access to “long-term (and patient) capital” for new businesses and those looking to scale-up.

Conservatives

The Conservative manifesto emphasises that “Britain needs a strong and stable government to get the best deal for our country”. Noteworthy policies for the life sciences include:

  • A new £23bn National Productivity Investment Fund, which will be used in areas that are critical for productivity: housing, research and development, economic infrastructure and skills
  • A Trade Bill to be introduced in the next parliament to build on the global multilateral rules-based trade system
  • Building up the investment funds of UK universities to increase the number of spin-outs and enable investors to share their success
  • Reduce immigration from both outside and inside the EU, review the visa system and double the Immigration Skills Charge levied on companies employing migrant workers
  • When we leave the European Union, the Conservatives will fund the British Business Bank with the repatriated funds from the European Investment Fund
  • Open new offices of the British Business Bank in Birmingham, Bristol, Cambridge, Edinburgh, Manchester and Newport, specialising in the local sector

We have put together a more detailed summary of the Conservative manifesto’s policies relevant to the life sciences, which you can download here.

Labour

Labour “accepts the EU referendum result” and emphasises that “Britain needs to negotiate a Brexit deal that puts our economy and living standards first”. Noteworthy policies for the life sciences include:

  • A £250bn National Investment Bank that will fill existing gaps in lending by private banks, particularly to small businesses, and by providing patient, long-term finance to R&D-intensive investments
  • Seeking to stay part of the European Medicines Agency (EMA) after the UK leaves the EU
  • Ensuring new trade agreements to include a commitment to support the market access needs of SMEs and develop capital investment schemes and other incentives to encourage investment into the UK
  • Insisting on value-for-money agreements with pharmaceutical companies
  • Promoting Britain as an attractive place for investment and provide support for start-ups to scale up to become world-class digital businesses (the BIA will engage with Labour to express the need of biotech companies for scale-up capital as well)
  • Ensuring fair immigration rules, working with businesses to address skill shortages and protecting those already working here

You can download a more detailed summary of the Labour manifesto’s life sciences policies here.

Liberal Democrats

The Lib Dems seek “to be the party that holds Theresa May to account over spending on the National Health Service; our young people’s education, skills and opportunities; the protection of our precious environment; and our future relationship with Europe”. Significant policies for the life sciences include:

  • The Lib Dems will provide greater support to small businesses by expanding the remit of the British Business Bank to provide greater capital for SMEs
  • The Lib Dems will make the positive case for immigration and will continue to allow high-skilled immigration to support key sectors of our economy
  • The Lib Dems will create a new ‘start-up allowance’ to help those starting a new business with their living costs in the first weeks of their business

Scottish National Party

The SNP were due to publish its manifesto today, but it has been delayed due to the terrorist attack in Manchester. We will put up an analysis of the SNP manifesto once it is published.

We look forward to discussing the impact of General Election on our sector this week at our CEO and Investor Forum in Oxford. Our members can also look forward to receiving BIA Election Packs with all our election materials, which we will distribute soon.

In this week’s update: Life sciences recognised in the party manifestos, the new AMR Industry Alliance, EMA’s PRIME scheme, Dementia Awareness Week, and this week’s CEO and Investor Forum.

The General  election campaign is now in full swing after Labour, the Liberal Democrats, and the Conservatives launched their manifestos last week.

What’s clear is that for the two main parties, these manifestos reflect the personal politics of their leaders and mark a radical change from the policy propositions set out by the parties to the country only two years ago. See our blog here for a reminder of what the parties said in their 2015 manifestos. Both Labour and the Conservative manifestos propose shaking up the relationship between the state and business that will have profound implications for UK bioscience companies beyond Brexit.

We’ll publish our analysis of how the new manifestos affect our sector tomorrow on our blog and I look forward to discussing the implications of the upcoming General Election at our CEO forum this week.

What’s particularly pleasing to see is that, despite the significant differences in approach to business and Europe, all the main parties explicitly recognise the importance of the life science sector, R&D and innovation. All of them touch on some of our key issues – which is vindication of the campaigning the BIA and our members and partners have done to keep our sector high on the political agenda.

On Thursday, the new Antimicrobial Resistance Industry Alliance was launched. The Alliance is hosted by the International Federation of Pharmaceutical Manufacturers & Associations and brings together research-based pharma companies, genetics, biotech and diagnostic companies to drive and measure industry progress to curb antimicrobial resistance. The BIA is part of the Alliance via the International Council of Biotech Associations (ICBA). In the press release announcing the Alliance, I emphasised that small and medium-sized companies stand ready to be powerful innovators to develop new and pioneering medicines adding to our arsenal of antimicrobial drugs.

On Friday BIA’s Head of Regulatory Affairs Christiane Abouzeid participated in the European Medicines Agency (EMA) meeting with stakeholders to review the experience gained with the PRIority MEdicines (PRIME) scheme, one year after it was launched by the Agency in March 2016 to enhance support for the development of medicines that have the potential to address patients’ unmet needs. The UK has been one of the key drivers of the scheme. The EMA processed 96 eligibility requests as of April 2017 with a success rate of 22% – the majority of products recommended for PRIME are advanced therapies and biological medicines.

Last week was Dementia Awareness Week. Dementia is set to be the 21st century biggest killer, but by working together we can find a cure. For this reason, we named Alzheimer’s Research UK the BIA’s charity of the year. Alzheimer’s Research UK recently launched their new campaign “Running Down Dementia” – where you pledge to run or walk 100km and raise £100 and you, together with thousands of runners like you, can strike a blow in the battle against dementia. Go to their website for more details and to sign up.

This week, I’m looking forward to the BIA’s CEO and Investor Forum on 24-25 May in Oxford. We have a great two-day programme involving thought-leadership and networking with C-level industry peers, investors, and other key stakeholders. It’s your last chance to book.

This coming Wednesday, we will also publish our key annual look at the state of financing in our sector. This year’s document is titled “Building something great: UK’s Global Bioscience Cluster 2016”. The report looks at key statistics of how well bioscience companies are doing in the UK. Keep an eye out for our tweets and the full report will be available on our website – more on this next week.

I’m looking forward to seeing many of you on Wednesday evening.

Best,

Steve

The UK is leading the way in tackling this global health challenge. The Dementia Discovery Fund was created by the UK Department of Health and Alzheimer’s Research UK, alongside six major global pharmaceutical companies to boost innovation in research and development. Cambridge based Gen2 is its first UK investment.

Innovation is literally the life-blood of our sector and at this year’s CEO Investor Forum, we explore current and future innovations, creating an ecosystem that inspires and supports innovation, and potential barriers in the context of a new international landscape for innovative life sciences.

Our ‘pre-Forum’ roundtable will look at Innovation, diversity and talent in the life sciences – focussing on key issues facing innovative life science companies with regards to people and talent strategies, and the essential role that diversity plays in terms of innovation culture, company performance, and in attracting and retaining the very best talent.

The first panel of the main conference considers Disruption, Innovation and Societal Change – what the future holds for biotechnology companies and the technologies and social imperatives that will change our industry.  Led by PwC and featuring Gerard Brophy (CTO, GE Healthcare), Dmitry Kaminskiy (Founder, Deep Knowledge Ventures), Jackie Hunter (CEO, Benevolent) and Sumit Jamuar (CEO, Global Gene Corps), this promises to be a fascinating insight and discussion.

The Innovation Showcase will feature presentations by a selection of exciting emerging companies in BIA membership including Healx, Gen2 Neuroscience, EnteroBiotix and NewGene – a chance to learn more about some of the new technologies coming to the fore and meet future stars of the sector.

Innovation is also at the forefront of our panel representing the pharma viewpoint.  Hakan Goker (Senior Investment Director, Merck Ventures), Nerida Scott (VP New Ventures and Transactions, J&J Innovations) and Jane Osbourn (VP, MedImmune) will discuss how they are Pushing the innovation agenda forwards, and discuss recent initiatives and deals in the sector.

Sessions on the Future of funding and Trump’s America will address potential barriers in funding gaps and the US administration’s potentially troubling approaches to research and innovative life sciences.

Click here for a full programme and join us 24-25 May at The Belfry, Milton Common, Oxfordshire for two days of thought-leadership and networking with C-level industry peers, investors and other key sector stakeholders.

It’s Dementia Awareness week this week so you can find out what BIA members are doing to tackle the issue on our Celebrating UK Bioscience page and watch our video case study here. Last week, the entire BIA staff  visited our charity of the Year Alzheimer’s Research UK and it was great for both teams to meet each other and to find out how we both work across the different departments.

The General Election campaign continues, and we look forward to sharing our analysis of the main parties manifestos in the coming week, however it has caused some changes to upcoming BIA events. The BIA and MHRA would like to let you know that our joint annual conference Innovation in life sciences in a changing and dynamic environment has been rescheduled and will now take place on Friday 14 July 2017, instead of polling day 8 June. The venue remains the Royal Society of Medicine in central London and we are pleased that the vast majority of our speakers have been able to move to this new date meaning that we will have a excellent agenda for the day. Please accept our sincere apologies for any inconvenience caused through this change of date, which is due to “purdah” restrictions on Government agencies during this period. If you were already registered for the original date, your place for the 14th July is confirmed. If you can no longer attend, cancellations must be made in writing by email to biaevents@bioindustry.org for a refund as soon as possible. Please note that you may send a colleague in your place and this should also be notified in writing. If we do not hear from you we will assume that you are attending and look forward to seeing on 14 July 2017.

Last week, I wrote to Ministers and Permanent Secretaries in the Departments for Health, Exiting the EU and Business, Energy and Industrial Strategy to highlight the action needed by government now to protect the UK’s ability to negotiate cooperation on medicines regulation with the EU post Brexit.  Ongoing close cooperation is in the best public health interests of patients both in the UK and the EU given the shared legacy of documentation, analysis and review and the scale and complexity of the technical aspects of medicines regulation.

I hope to be able to update further on all things Brexit and General Election at our next webinar on June 15th. And it will also be a key topic of discussion at our CEO and Investor forum in Oxford next week. It’s the last chance to book for what is set to be a great 24 hours of the latest insight and fantastic networking – looking forward to seeing many of you there.

Best,

Steve

This animation lays out the progress research is making to defeat dementia, and the challenge that lies ahead. Visit http://www.dementiastatistics.org for more.

Two weeks ago, we had a look at who’s running and who’s stepping down in the general election. A lot of things can happen in two weeks in the run-up to an election and today we have a further look at a few candidates of interest of the life sciences sector who we might see in Westminster following the election on June 8.

Harborough – Neil O’Brien

Last week, the Conservatives announced that the Prime Minister’s Industrial Strategy adviser Neil O’Brien has been selected as the Party’s Harborough candidate. After representing the constituency of Harborough for 25 years, Conservative Sir Edward Garnier has announced that he is standing down. Harborough has been a Conservative stronghold since 1950 and in the 2015 election Garnier won a majority by 19,632 votes. Given the Conservative majority, O’Brien is expected to win the seat. He is running against Labour’s Andrew Thomas, Liberal Democrat Zuffar Haq, and UKIP’s Dr Tech Khong.

neil obrien

O’Brien on Twitter.

O’Brien has most recently worked as a Special Adviser on Industrial Strategy and the Northern Powerhouse to the PM. Before joining the Policy Unit at Number 10, he was a Special Adviser to George Osborne in the Treasury. O’Brien has also been director of the think-tanks Policy Exchange and Open Europe. He studied Politics, Philosophy and Economics at Oxford University.

Oxford East – Anneliese Dodds

Over in Oxford East, South East Member of European Parliament (MEP) Anneliese Dodds is returning from Brussels as Labour’s new candidate for the constituency. She is replacing long-standing Labour candidate Andrew Smith, who is standing down after 30 years of service. Smith and Labour have represented Oxford East since 1987. Inheriting a majority of more than 15,000 votes, it is expected that Dodds will be Oxford East’s next MP. Dodds is running against Conservative Suzanne Bartington, Liberal Democrat Kirsten Johnson, and the Green’s Larry Sanders.

anneliese dodds

Dodds’ website.

Dodds said that if elected she would use her “contacts across Europe to protect trade and scientific links which are so important to the local economy”. Dodds has also submitted written evidence to the House of Commons’ Science and Technology Committee’s inquiry into the implications and opportunities Brexit presents to research and innovation, where she stressed the importance of free movement for academics engaged in science and research, and funding schemes like Horizon 2020 and the European Structural Investment Fund (ESIF). Before joining politics, Dodds worked as a Senior Lecturer in Public Policy at Aston University. Like O’Brien, she studied Politics, Philosophy and Economics at Oxford University.

Chelmsford – Vicky Ford

Another MEP looking to join domestic politics is Conservative Vicky Ford. Elected MEP for East of England in 2009, she is the Conservatives new candidate for Chelmsford. Ford is replacing Sir Simon Burns, who has represented the constituency since 1987. As with O’Brien and Dodds, Ford is inheriting a majority of some 18,000 votes, making her the favourite to win over Labour’s Chris Vince.

vicky ford

Ford with Chancellor Philip Hammond, pictured on her website.

On her website, Ford explains she supports science and research, “which are key to delivering better medical care and improved lifestyles for all our families”. Following the Brexit referendum, Ford met with pharma companies such as AstraZeneca in Brussels to discuss the importance of UK patients’ participation in cross border clinical trials and ensuring undue delays to regulatory approvals are avoided for advanced medicines or medical devices.

Prior to joining politics, Ford worked in finance for JP Morgan where she raised money for large-scale infrastructure projects. She studied Maths and Economics at the University of Cambridge. Her likely departure from the European Parliament has prompted speculation over whether another Brit will replace her as chair of the Internal Market and Consumer Protection Committee, with some reports saying that many MEPs will not back another British MEP for the post in view of Brexit.

As O’Brien, Dodds, and Ford all have links to our sector, it might very well be worth keeping an eye on their constituencies on election day.

You can click here for a full list of MPs who are running and standing down in other constituencies.