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Press release: Life sciences sector focus for UK-US event

first_imgThe Secretary of State will call for collaboration between the UK and the US to push the boundaries of science in key areas such as cancer treatment, early diagnosis of disease and realising the potential of AI in a healthcare setting. He will also set out how the UK is committed to the continued growth of the sector by highlighting measures such as the £20 million in funding the government has pledged to the joint UK-US CARB-X project to address the global rise of antimicrobial resistance.As well as calling for joint working in the life sciences sector, Dr Fox will stress that the UK’s departure from the European Union offers an unprecedented opportunity to build on our already strong trading relationship with the US, including through a potential future Free Trading Agreement.International Trade Secretary, Dr Liam Fox MP, said: opportunities for UK SMEs: there is great potential for UK SMEs specialising in the likes of biotech R&D to secure substantial deals with US pharma companies to export their cutting-edge products and expand their UK operations jobs: the APG is made up of 10 of the largest US life science investors in the UK, who together support more than 14,000 UK jobs exports: the UK’s exported £6 billion worth of pharmaceutical products to the US last year – demonstrating the clear demand for British innovation The UK and US already has strong ties in the life sciences sector with our world leading innovation helping American companies improve the lives of billions of people around the globe. As an international economic department, I want us to go further and see even more British businesses making the most of the opportunities presented by this relationship, not just in this sector, as we look to deepen our trading ties with the US after we leave the European Union. International Trade Secretary, Dr Liam Fox MP, will set out his vision for increased trade between the UK and the US in the fast-growing life sciences sector tonight (Tuesday 19 June) in front of an audience of large scale investors.Speaking to members of the American Pharmaceutical Group (APG) and representatives from the US Embassy at the Churchill War Rooms, Dr Fox will set out the UK’s world leading research and development capability which enables British businesses and universities to export their goods and services around the globe.The Secretary of State will highlight: The event comes as the latest statistics from the Department for Business, Energy and Industrial Strategy show that health and life sciences are worth over £70 billion to the economy and provide jobs for almost 241,000 people across the country.Further informationThe recent launch of the government’s Industrial Strategy Life Sciences Sector Deal, demonstrates how the government will support the sector to develop and launch the next generation of medicines, technologies and diagnostics and provide better care and treatments for millions of patients.The Minister for Trade and Export Promotion, Baroness Fairhead, travelled in June to Bio Conference 2018 in Boston with a strong delegation of UK businesses. Whilst at the conference, the Minister emphasised the strength of the sector in Britain as the UK pavilion was designed around a theme of being ‘the home of healthcare’.Total trade in goods and services (i.e. exports plus imports) between the UK and US stood at more than £180 billion in 2017, an 8% increase over 2016.last_img read more


Lees Foods invests £1.7m after year success

first_imgLees Foods has announced it will invest £1.7m in its Coatbridge factory to better production of its snowball and teacake products.It will also look to relaunch the Lees range of confectionery bars, with a new design to the Macaroon bar.The owners of Lees of Scotland and The Waverley Bakery saw a sales increase of 21% in its end-of-year results to 31 December 2013.It also saw profit before tax rise from £1.2m to £1.4m, with the continued growth of Lees’ snowballs and teacakes accounting for a large part of the success. The company hopes the investment will increase efficiency and quality in the production of its products.Clive Miquel, chief executive, said: “The fine weather during July and August last year contributed to a significant uplift in sales of Carousel ice-cream cones and wafers, which continued the sales development at the Waverley Bakery.“Trading to date in 2014 has been encouraging and we have consolidated upon the sales growth achieved last year. Our challenge now is to maintain margins at a time when there is some volatility in commodity prices, especially in coconut and chocolate.“While Lees continues to have strong sales in Scotland, where it employs over 300 staff, a significant percentage of Lees’ UK sales are south of the border.“As reported in the company’s annual accounts, we believe that, in the event of Scotland becoming independent and in the absence of a currency union, Lees could be disadvantaged in its dealings with its major UK customers.”Lees won an ongoing tribunal earlier this year, which resulted in the grant of a tax-free status for its snowball product, after they were classed as cakes.last_img read more


North Korea rejects South’s offer of envoys, vows to redeploy troops to border

first_imgTopics : Moon “greatly favors sending special envoys for ‘tiding over crises’ and raises preposterous proposals frequently, but he has to clearly understand that such a trick will no longer work on us,” KCNA said.”The solution to the present crisis between the North and the South caused by the incompetence and irresponsibility of the South Korean authorities is impossible and it can be terminated only when proper price is paid.”There was no immediate comment from Moon’s office.Any moves to invalidate cross-border peace deals pose a major setback to Moon’s bid for more lasting reconciliation with the North, while complicating efforts to persuade Pyongyang to abandon its nuclear and missile programs. North Korea said on Wednesday it had rejected South Korea’s offer to send special envoys to ease escalating bilateral tensions, and vowed to redeploy troops to demilitarized border units in the latest step towards nullifying inter-Korean peace accords.The announcements made by state media agency KCNA came one day after North Korea blew up a joint liaison office set up in a border town as part of a 2018 agreement by the two countries’ leaders, as tensions flare over propaganda leaflets sent by defectors into the reclusive state.South Korea’s President Moon Jae-in on Monday offered to send his national security adviser Chung Eui-yong and spy chief Suh Hoon as special envoys. But Kim Yo Jong, the sister of North Korean leader Kim Jong Un and a senior ruling party official, “flatly rejected the tactless and sinister proposal,” KCNA said.center_img Kim Yo Jong also harshly criticized Moon in another KCNA statement, saying he had failed to implement any of the 2018 pacts and had made inter-Korean ties a “U.S. puppet.”In Monday’s speech, which marked the 20th anniversary of the first inter-Korean summit, Moon expressed regret that North Korea-U.S. and inter-Korean relations have not made progress as hoped but asked Pyongyang to maintain peace deals and return to dialogue.In a separate KCNA dispatch on Wednesday, a spokesman for the General Staff of the (North) Korean People’s Army (KPA) said it would dispatch troops to Mount Kumgang and Kaesong near the border, where the two Koreas had carried out joint economic projects in the past.Police posts that had been withdrawn from the heavily fortified Demilitarized Zone (DMZ) will be reinstalled, while artillery units near the western sea border where defectors frequently send leaflets will be reinforced with the readiness alert heightened to the level of “top class combat duty,” the spokesman said.The North will also restart sending anti-Seoul leaflets across the border, he added.”Areas favorable for scattering leaflets against the South will open on the whole front line and our people’s drive for scattering leaflets will be guaranteed militarily and thorough-going security measures will be taken,” he said.The KPA said on Tuesday it had been studying an “action plan” to re-enter zones that had been demilitarized under a 2018 inter-Korean military pact and “turn the front line into a fortress.”Seoul’s defense ministry has urged North Korea to abide by the agreement, under which both sides vowed to cease “all hostile acts” and dismantled a number of structures along the DMZ. last_img read more