BIA calls on UK to emulate French crowdsource funding for innovation
This article was originally published in Scrip
Executive Summary
Britain's BioIndustry Association (BIA) is calling on the UK government to introduce its own version of France's Fonds Communs de Placements dans l'innovation (FCPI) that could pump an extra £300 million a year into the knowledge economy. In a report, "Citizens' Innovation Funds – Engaging the public with UK innovation"- published 3 September, - the BIA is proposing the introduction of a tax-advantaged scheme that it believes would make it easier for the general public to back innovative early stage businesses and provide an additional source of alternative finance.
You may also be interested in...
AI Firm Healx Raises $56M To Develop Affordable Rare Disease Treatments
Cambridge, UK-based Healx has concluded a $56m series B round, led by Atomico, to put up to 50 potential rare disease treatments into the clinic within two years using its AI/ML platform.
Abalos Raises €12M Series A To Develop Arenavirus-Based Cancer Therapies
Tapping into the ability of arenaviruses to deliver prolonged local immune activation, rapid regression of localized and metastatic cancers, and long-term disease control, Essen, Germany-based start-up Abalos Therapeutics has raised €12m to advance its lead candidates towards clinical testing.
Despite BMS Bid, Celgene Pays $75m Upfront For Immatics Assets Options
Celgene agrees to pay $75m upfront for options to three Immatics TCR-T targets for solid tumors. Deal could be worth up to $1.59bn to the German biotech, which also retains option to co-develop and co-fund certain licensed products.