Female scientist looking into a microscope in a lab

ABPI: Life sciences offer a route back for the economy

Life sciences could provide a route to future economic growth, helping deliver jobs, fiscal reward and position the UK as a global leader in science and technology. That’s according to the Chief Executive of the ABPI, Richard Torbett, as he responds to Chancellor Rishi Sunak’s newly-unveiled Spending Review.

Within his announcement, the Chancellor unveiled £14.6bn in funding for cutting-edge research and development.

Mr Torbett said: “As the government focuses on its growth agenda, it should look to life sciences and make the most of this funding to unlock the future potential of our sector.

“Policies that encourage investment into cutting-edge research – such as delivering on the vision for UK health data – will deliver a triple win: for jobs, for the economy, and for the UK’s world-beating life sciences sector.”

As we begin to move into the next phase of the Covid-19 pandemic, the ABPI Chief Executive also stressed the importance of the UK Government outlining plans for the future success of the life sciences sector, both to aid economic recovery as well as bolster the UK’s resilience against future health threats.

Those plans, he explained, should include:

  • Capital grants for medicines manufacturing – up-front capital incentives to attract investment in strategically important projects, as are currently offered by many of the UK’s leading competitors.
  • Enhanced R&D tax credits – to catalyse growth across all innovative industries and allow the pharmaceutical industry to invest in cutting-edge research including health data.
  • Investment in preventative healthcare – ensuring the NHS’ long term goals for prevention are met through a fully funded vaccine programme and partnerships with the life science sector.
  • Modernised NICE’s appraisal methods – so that the full value of a medicine’s impact on patients, carers, the NHS, and society is reflected would make a significant improvement to the ability for patients with rare diseases to access the latest medicines.

He also called for concerted efforts to be made across the health sector that “where treatment has been delayed or disrupted, we work together to get it back on track”.

As part of this, pharmaceutical companies would need to continue working around the clock to support their health sector counterparts, including around how to safely restart clinical trials and research affected by the delays.

NHE July/August 21

NHE July/August 21

Prioritising staff wellbeing

NHE’s July/August 2021 edition focuses on some of the key, defining aspects of a successful, supported health service: Mental Health & Workforce. Elsewhere, we take on the incredibly topical Infection Prevention and address the role which Pharma will play in both our NHS and wider health environment.

Videos...

View all videos
National Health Executive Presents

National Health Executive Presents

NHE365 Virtual Festival: Net-Zero NHS

As was outlined by Sir Simon Stevens when the NHS announced their green plans back in 2020, 5,700 lives could be saved each year by improved air quality. Even more could see their overall health improve and be in a position to self-manage their conditions, rather than requiring NHS treatment. Covid-19 has already left the NHS with a sizeable treatment backlog, so anything which can be done to improve patient health and reduce demand is beneficial for all.

Working together, we can help the NHS realise its green ambitions as per the Net-Zero National Health Service report and its ambitious 2040 target. Join us on August 25, 2021 for our Net-Zero NHS event, where we will be joined by health sector leaders and innovators for a day of sharing best practice and networking.

Finger on the Pulse

Ep 14. Health messaging is a science, Professor Craig Jackson

On Episode 14 of NHE's Finger on the Pulse podcast, we're joined by Professor Craig Jackson, Professor of Occupational Health Psychology
Birmingham City University to discuss the coronavirus pandemic, the health messaging around it and how those in power have missed a trick by overlooking the key role of psychology in informing the public of restrictions, measures and the ever-changing situation

More articles...

View all