Tuesday, December 14, 2021

Scotland’s pharma sector sees increase in research investment




A new report from the University of Strathclyde’s Fraser of Allander Institute has revealed increases in employment, exports and research investments in Scotland’s pharmaceutical sector.

The report – commissioned by the The Association of the British Pharmaceutical Industry (ABPI) Scotland – found that pharma companies continue to place high-value jobs in both towns and rural communities, including in deprived areas.

The pharma sector in Scotland exports £575m worth of manufactured goods, an increase on the £550m reported in 2017.

The industry also supports £2.5bn worth of industrial output every year – overall, it has a GVA worth £1.8bn, an increase of almost 6% compared to 2017.

In addition, investment in pharma companies in Scotland had a ‘significant’ impact on the wider economy, with every ten jobs in the sector creating 17 elsewhere in the country.

The annual business spending on pharma research and development (R&D) also increased to £165m, up from almost £45m since 2018.

“In a year that has seen our companies stepping up and starting to lead us out of the pandemic with the vital vaccines we need, I am proud that the pharmaceutical industry continues to thrive in Scotland,” said Alison Culpan, director of the APBI Scotland.

“Scotland’s industry is stronger today than it was three years ago with more people employed in good jobs, more being spent on research and development, and exports topping half a billion pounds.

“It is important that the Scottish government is ambitious and works with us to nurture and promote a sector which is not only exporting Scottish excellence around the world but delivering for the health of people here in Scotland,” she added.



Source link

Latest Articles

Widely used chemical linked to 1,00,000 US deaths per year: Study

NEW YORK: Daily exposure to phthalates, a group of chemicals used in everything from plastic containers to makeup, may lead to approximately 100,000 deaths...

Foods to Reduce Inflammation and Strengthen the Immune System

Did you know that you can greatly reduce inflammation and boost your immune system by simply incorporating more anti-inflammatory foods and beverages into your...

Personal Selling

INTRODUCTION Early sellers and traders were not held in high esteem. The Roman word for salesman meant ‘Cheater’ and...

Building Muscle on a Vegan Diet

There are a lot of  misconceptions surrounding veganism. The notion that those who practice it are lacking in protein and therefore muscles is the...

Electrodes in brain new hope for severe cases of epilepsy

Neurosurgeons at All India Institute of Medical Sciences have devised a new technique for operating on children suffering from a severe form of epilepsy...