The Prime Minister will launch a Pharmaceuticals and Diagnostic Manufacturing Transformation Fund from North Wales tomorrow. Johnson hopes the fund will create thousands of jobs in pharmaceutical manufacturing and enhance the country’s ability to deal with pandemics in the future. According to the Office for National Statistics, the UK yesterday reported 15,871 cases of coronavirus and 479 deaths. According to Johns Hopkins University, a total of 1,621,305 cases of the virus have occurred in the United Kingdom, killing 58,342 people.
Johnson welcomed the endowment as essential to Britain’s ability to pandemic.
He describes the announcement as follows: “This new £ 20m fund will significantly improve the capacity and resilience of our pharmaceutical and diagnostics manufacturing supply chains and prepare us to combat future health crises.
“Through a pandemic, the UK science industry and innovation will merge, and this new fund will further strengthen UK manufacturing capacity.”
Secretary-General Alok Sharma added: “There are great opportunities for innovation in medicine and diagnostics. This new fund will give the UK an edge over other funds, enhance the UK’s capabilities and create great economic opportunities across the country.”
Read more: Coronavirus vaccine could be rolled out as early as December after a surge in deaths
The fund aims to encourage pharmaceutical companies to build new UK factories with state-of-the-art technology and compete globally.
Eligible companies will bid to help with the cost of setting up a new factory when the fund opens next year.
It was after Oxford University and AstraZeneca announced that a coronavirus vaccine candidate had been submitted to the UK drug regulatory agency.
The Ministry of Health said that if the referral meets safety, efficacy and quality requirements, the referral “is an important first step towards approval of the introduction of the vaccine.”
Details to follow
Boris Johnson Announces Millions of Dollars In Vaccine Fund Supporting Britain’s Coronavirus Fight | UK | News
SourceBoris Johnson Announces Millions of Dollars In Vaccine Fund Supporting Britain’s Coronavirus Fight | UK | News