spacer
home > ebr > summer 2002 > why r&d matters
PUBLICATIONS
European Biopharmaceutical Review

Why R&D Matters

In his most recent Budget, the Chancellor announced the R&D tax credit for larger companies, complementing the R&D tax credit for small and medium-sized companies introduced in Budget 2000. Together the two credits will represent £500 million a year in additional Government support for business R&D investment in the UK. This level of commitment reflects the Government's determination to increase the level of R&D investment by UK industry. As Figure 1 shows, business R&D intensity in the UK does not fare well with comparable economies.Figure 1 shows the overall average business R&D intensity in the UK, but the picture varies from sector to sector. At 14.8 per cent of sales (1), R&D investment by the UK pharmaceutical industry is competitive by international standards - although recent years have seen a trend for UK-owned groups to undertake an increasing proportion of their R&D outside the UK, and we estimate a decline in the UK share of worldwide pharmaceutical R&D from 11 per cent to 9 per cent (2).


Read full article from PDF >>

Rate this article You must be a member of the site to make a vote.  
Average rating:
0
     

There are no comments in regards to this article.

spacer
By Dawn Primarolo MP, Paymaster General for HM Treasury

Dawn Primarolo MP was appointed Paymaster General on 4th January 1999. She has overall responsibility for Inland Revenue and Customs and Excise duties and taxes, and for HM Treasury.
Member of Parliament for Bristol South since 1987, Dawn was educated at Thomas Bennet Comprehensive in Crawley, Bristol Poly and Bristol University. Before entering Parliament, she was member of Avon County Council from 1985 to 1987.
In Opposition, Ms Primarolo was Front Bench Spokesperson on health from 1992 to 1994, and Treasury affairs between 1994 and 1997. She was appointed Financial Secretary to the Treasury on 4th May 1997.

spacer
Dawn Primarolo MP
spacer
spacer
Print this page
Send to a friend
Privacy statement
News and Press Releases

Vaisala Introduces CAB100 Industrial Cabinet for Cleanrooms

Vaisala, a global leader in weather, environmental, and industrial measurements, launches its newest offering for centralized environmental monitoring in cleanrooms: The CAB100 integrates Vaisala’s world-class instruments for monitoring parameters into a simple, pre-configured enclosure.
More info >>

White Papers

What You Need To Know About Thermal Shipping Technologies

Temptime Corporation

This paper presents highlights from a thermal performance study conducted by Modality Solutions LLC. The study examined the performance of five shipping technologies commonly used by specialty pharmacies to transport high-value refrigerated specialty medicines against an industry accepted temperature profile standard.
More info >>

 
Industry Events

ELRIG Drug Discovery 2019 – Looking Back to the Future

5-6 November 2019, ACC, Liverpool

Now in its 13th year, ELRIG’s flagship conference Drug Discovery 2019 will take place at ACC in Liverpool. This year’s focus, ‘A Look Back to the Future’ is planned to include plenary introductions assessing how we got to where we are now and setting the challenges for discovering the drugs of the future. These will be followed by cutting edge talks and examples of new directions in drug discovery. Our scientific programme will feature over 40 world-class speakers with 6 main session tracks. In partnership with key academic and charitable groups, we will also run joint disease and biology-oriented tracks focusing on the basic sciences that underpin successful drug discovery.
More info >>

 

 

©2000-2011 Samedan Ltd.
Add to favourites

Print this page

Send to a friend
Privacy statement