Raising Money

Britain tops the European countries for biotech cash raised during the first half of this year, Reuters reports.

This, the news service adds, is being taken as evidence that the strategy to encourage life science businesses through tax breaks and other incentives is working.

Britain raised some £734 million pounds (about $1.18 billion) in the first half of the year in life sciences financing, as compared to £483 million for all of 2013.

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