Life sciences is one of the most truly international sectors - so if we are to continue to be a world player and compete in the global race we must do everything we can to support it.
In the past year, our initiatives have attracted more than £1 billion of private sector investment to the UK.
We can see clear evidence the UK is succeeding in creating the right environment to attract global investment to our shores and continue to be world leader in life sciences.
More top news
The rail union have slammed the move saying China is set to make "a killing at the British taxpayers' expense".
US-backed rebel fighters say they have taken control of a key airbase near the so-called Islamic State's stronghold of Raqqa.
A primary school has taken action after pupils brought in an variety of "worrying" packed lunches - including a two-day-old McDonalds.