AstraZeneca opens research center as UK builds science hub


Prince Charles will likely be readily available Tuesday when pharmaceutical firm AstraZeneca opens a 1 billion-pound ($1.34 billion) research center close to the College of Cambridge, hoping to construct on work in creating one of many first COVID-19 vaccines.

The 19,000 square-meter (greater than 200,000 square-foot) advanced will home greater than 2,200 research scientists. It joins a cluster of companies in search of to make Cambridge a hub for all times sciences research just like what California’s Silicon Valley is for the technology industry.

“Our ambition in the present day is to not solely unveil a constructing, however to additionally drive the subsequent wave of scientific innovation,” CEO Pascal Soriot mentioned in an announcement.

The Cambridge life sciences cluster contains 631 firms that make use of virtually 21,000 individuals and generate annual income of seven billion kilos, based on Cambridge Forward, which promotes enterprise improvement within the metropolis.

AstraZeneca labored with Oxford College to develop one of many first COVID-19 vaccines accredited by regulators within the U.Ok., European Union and different international locations. The vaccine is extensively utilized in creating nations as a result of AstraZeneca has pledged to maintain prices down by promoting it to low- and middle-income international locations on a non-profit foundation.

AstraZeneca additionally plans to ask the U.S. Meals and Drug Administration to approve the vaccine.


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