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British Biotechs Urge U.K. Government To Import French Private Investment Vehicle

This article was originally published in The Pink Sheet Daily

Executive Summary

British biotech companies want the U.K. government to adopt a French method of funneling funds into the cash-strapped sector from private individuals in return for favorable rates of investment tax, on grounds that a version of France’s long-running Fonds Commun de Placement dans l'Innovation is needed for small-to-medium-sized biopharma companies in Britain to tap successfully into long-term seed capital.

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