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The UK Biotech Sector and Brexit: Past Performance and Future Prospects

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  • Sir Geoffrey Owen;Michael Hopkins

Abstract

This seminar briefing examines (1) why the UK has not produced large biotech firms that develop drugs, similar to those in the United States (US), (2) why the UK biotech firms that do exist have not brought blockbuster drugs to the market and (3) what the implications are for industrial strategy after Brexit. These remarks are based primarily on research we completed for our recent book, Science, the State and the City (Owen and Hopkins, 2016), with some additions and specific observations about the potential effects of Brexit. This seminar briefing examines (1) why the UK has not produced large biotech firms that develop drugs, similar to those in the United States (US), (2) why the UK biotech firms that do exist have not brought blockbuster drugs to the market and (3) what the implications are for industrial strategy after Brexit. These remarks are based primarily on research we completed for our recent book, Science, the State and the City (Owen and Hopkins, 2016), with some additions and specific observations about the potential effects of Brexit.

Suggested Citation

  • Sir Geoffrey Owen;Michael Hopkins, 2018. "The UK Biotech Sector and Brexit: Past Performance and Future Prospects," Seminar Briefing 002000, Office of Health Economics.
    • Handle: RePEc:ohe:sembri:002000
    as

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    File URL: https://www.ohe.org/publications/uk-biotech-sector-and-brexit-past-performance-and-future-prospects/attachment-seminar-23-v6/
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    References listed on IDEAS

    as
    1. Casper, Steven, 2007. "Creating Silicon Valley in Europe: Public Policy Towards New Technology Industries," OUP Catalogue, Oxford University Press, number 9780199269525.
    2. Owen, Geoffrey & Hopkins, Michael M., 2016. "Science, the State and the City: Britain's Struggle to Succeed in Biotechnology," OUP Catalogue, Oxford University Press, number 9780198728009.
    3. Mowery,David C. & Nelson,Richard R. (ed.), 1999. "Sources of Industrial Leadership," Cambridge Books, Cambridge University Press, number 9780521645201, October.
    4. Nelson, Richard R., 2008. "What enables rapid economic progress: What are the needed institutions," Research Policy, Elsevier, vol. 37(1), pages 1-11, February.
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    Keywords

    The UK Biotech Sector and Brexit: Past Performance and Future Prospects;

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health

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