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About BioIndustry Association

BioIndustry Association (BIA) is a trade association for life sciences in the UK, that represents the interests of companies to a broad section of stakeholders from patient groups to politicians, advancing its members interests both within the UK and internationally to create a healthy UK bioscience sector. It is located in London, England.

BioIndustry Association Headquarter Location

Southside, 105 Victoria Street 7th Floor

London, England, SW1E 6QT,

United Kingdom

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Latest BioIndustry Association News

Led by Nanopore and Exscientia, UK startups snag half of Europe's biotech VC funding in record-setting 2021

Feb 2, 2022

U.K. companies secured half of Europe's biotech venture capital in 2021. (Kbarzycki/Getty Images)(Photo: Kbarzycki/Getty Images) U.K. biotech and medtech startups reeled in a record 4.5 billion pounds, or $6.05 billion, through venture capital and public financing in 2021, according to the BioIndustry Association and Clarivate. Nearly $3.4 billion of that heap was via venture capital, which means U.K. biotechs secured half of Europe's VC pot for the sector. That figure represents an 81% increase over 2020 for the U.K., and the $1.75 billion raised from initial public offerings was a 434% jump, BIA and Clarivate calculated  (PDF). The financing record paints the U.K. in a better light than its European peers, as the continent's biotech investment fell 12% to reach a total of just over $6.7 billion last year. China, another life sciences hub, also saw a 12% drop—in this case to $4.56 billion. The U.S. biotech industry surpassed both regions by a long shot, pulling in $25.2 billion. The report looked at funding from Dec. 1, 2020 to November 30, 2021. BIA CEO Steve Bates said the "record-breaking" buzzword has "almost become an old trope." Bates said the U.K. is positioned to be "the global hub for life sciences," but warned that there's a gap between the life sciences and finance sectors.

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