UK-US Pharma Deal: Boosting Life Sciences Innovations

British science and technology minister Liz Kendall announced a new pharmaceutical deal with the US to encourage investment and innovation in the UK's life sciences industry. The agreement aims to provide UK patients with access to advanced medicines sooner and increase spending on innovative treatments by 25%.

British science and technology minister Liz Kendall announced on Monday a groundbreaking pharmaceutical agreement with the United States, designed to bolster investment and innovation in the UK's life sciences sector.

In an official statement, Kendall emphasized that the deal would ensure UK patients receive access to state-of-the-art medicines more quickly, while maintaining the UK's position as a global leader in developing transformative treatments.

The British government further revealed plans to enhance its expenditure on innovative, safe, and effective treatments by approximately 25% as part of the agreement.

(With inputs from agencies.)