ABPI publishes report on UK's position in global pharma investment
The Association of the British Pharmaceutical Industry (ABPI) has published a report that assesses the UK’s attractiveness in global pharmaceutical investment, compared with 12 other countries across four key areas: pre-clinical research, clinical trials, manufacturing and distribution, and headquarters and affiliates. The report highlights both the UK’s strengths and weaknesses in pharmaceutical investment, while identifying areas for potential growth. It also reveals a 58% decrease in life sciences foreign direct investment (FDI), falling from £1.897bn in 2021 to £795m in 2023 and investment in pharmaceutical research and development (R&D) declining by almost £100m in the same year. In response to the report, the Health Research Authority (HRA) endorsed the report and highlighted the importance of accelerating research timelines to improve patient care, noting the HRA’s active role in the UK Clinical Research Delivery (UKCRD) programme to streamline and speed up clinical trial delivery.