2. WHY LONDON FOR LIFE
SCIENCES
In 2011, pharmaceuticals, medical biotechnology and
medical technology sectors together comprise around
4,500 firms, employing 165,000 staff, with an R&D
spend of nearly £5bn and an annual turnover of over
£50bn
Life sciences manufacturing, which accounts for 8% of
the UK total (by GVA) remains important for the UK’s
growth. The pharmaceuticals sector alone accounts
for more UK-based business R&D than any other
manufacturing sector (accounting for over 28% of all
business R&D)
Over 300 pharmaceutical companies are based in the
UK and employ nearly 78,000 people, with an annual
turnover of £31bn. The medical technology and
medical biotechnology sectors represent over 4,000
companies employing 87,000 people with an annual
turnover of around £18.4bn
3. WHY LONDON FOR LIFE
SCIENCES
More progressive regulatory environment
that not only supports innovation, but
openly promotes it
London benefits from £16bn of public
sector healthcare, research and teaching
spend annually, with further funding
committed by the government
London is home to nearly 1,000
companies in life sciences, and more
than 8,000 in healthcare
4. THE RIGHT ENVIRONMENT
London is the most accessible city in the world, from both a
travel and time-zone viewpoint
London has more than 40 universities with 1,300 biomedical
researchers and five world class medical schools and 12
teaching hospital, more than 50 clinical institutions with a
huge patient population for clinical trials
Hospitals: patients, research & research facilities, with access
to a diverse and concentrated population through NHS patient
records
London’s life sciences offering is growing with the set up of
the Francis Crick Institute and the Cell therapy catapult
centre, both in central location and easy to access
The London Stock Exchange (LSE), with its Alternative
Investment Market is, increasingly, the public market of choice
for European biotechs
London provides easy access to VCs and service providers,
including lawyers, accountants, and public relations
consultants, which biotechs require to build their businesses
Presence of additional funding bodies e.g., The Wellcome
Trust, Medical Research Council, and Imanova
5. THE RIGHT ENVIRONMENT
Incubator space:
• London BioScience Innovation Centre (LBIC)
• Imperial Bio-incubator: based in South Kensington, the aim of
this £7m incubator space is to bring valuable ideas to market
either by building businesses or licensing to industry
• Queen Mary Bio Enterprises in Whitechapel: a £28m and
39,000 square feet capacity building, providing state of the art
London laboratory and office space
Home to the Medicines and Healthcare products Regulatory
Agency (MHRA) and European Medicine Agency (EMEA)
Availability of laboratory and office space in the London BioScience
Innovation Centre (LBIC) next to St Pancras Station in central
London (biotechnology, life science product and diagnostic
companies, contract research organisations, medical device
companies and service providers operating in the same space)
Universities are increasingly collaborating on commercial
opportunities: offering access to academics, students and
laboratories to companies
Host to headquarters of 2 of the top 10 global Pharma companies
(GSK and AZ), with high levels of research activity e.g., AZ
invested over £1.1 bn in UK R&D
Host to R&D centres of other international biotechnology
companies e.g., Amgen’s international R&D HQ in UK
6. GOVERNMENT SUPPORT
Government commitments:
Injection of £100m in universities research facilities from
2012/13 with aim to attract further co-investment from private
sector
Launch of the UKRMP (UK Regenerative Medicine Platform),
a £25m cross research council fund
Supportive tax and regulatory environment:
Patent box: 10% corporate tax on profits derived from patents
(new and existing)
R&D tax relief: 225% tax relief available to SMEs, 130% to
large companies
Commitment from government and charities to fund research
and commercial applications:
£130m in stratified medicine
£60m over 3 years to fund researchers to work on treatments
for chronic diseases
£60m over 4 years to collaborations between academia &
industry to further develop stratified medicine
Technology Strategy Board (TSB) initiatives: Cell Therapy
Technology Innovation Centre, a catapult centre for
regenerative medicine, and the BioMedical Catalyst fund, a
£180 m initiative set up in collaboration with the Medical
Research Council
7. UNIQUE TALENT POOL
The UK accounts for 11% of the world‟s citations in biological
sciences and has a long history of breakthroughs discoveries (e.g.:
Alexander Fleming discovering the penicillin in 1928)
World class universities: London has seven universities in the Times
Higher Education world top 200 university rankings – more than any
other city in the world
Nobel prizes: as of 2010, there were 72 Nobel prizes laureates
affiliated to the University of London, 26 affiliated to UCL. London
claims 14 Nobel Prize winners in Medicine and Physiology, and 25
overall in sciences
39,404 research papers are generated in London, second only to
Boston (50,106)
2011/2012: 45,000 domestic students in medicine subjects + 5,000
foreign students; 14,000 domestic graduates + 2,500 foreign
graduates
Access to university talent and resources through Knowledge
Transfer Partnerships (KTPs): 60% funded by grants, the aim is to
encourage knowledge transfer through collaboration with business
environment
The Medical Research Council committed £70million to support PhD
students and 320 posts across the UK; while the National Institute for
Health Research (NIHR) is to support 1,600 research training posts
Funding form from charities such as The Wellcome Trust & Cancer
Research UK
Recruitment of foreign scientists made easier by new regulation:
several entry routes possible (guest lecturer, external examiner, intra-
company transfer)
9. IMAGING
COLLABORATIVE ENVIRONMENT:
IMANOVA CASE STUDY
Imanova partnership (www.imanova.co.uk):
Collaboration between the Medical Research
Council, Imperial College, University College
and King’s College
Objective to provide a state of the art imaging
research facility to develop new applications
(current strengths are on cancer and
neurosciences)
Collaboration with British life sciences
company GSK, which transferred its imaging
capabilities in London
London to become a national hub for imaging
facilities and collaboration between academic
and commercial institutions
11. CLINICAL TRIALS
National Institute for Health Research (NIHR) to help clinical trials
company by facilitating access to the NHS capabilities, with record
investment of £800m over 5 years from 2012:
NIHR Office for Clinical Research (NOCRI) helps companies to
find experts to support their studies
NOCRI establishes a communication link between companies
and the NIHR
Network providing delivery of the studies in the NHS &
assistance in seeking approval to run the medical trials
Provides technical support and access to expertise through
biomedical research centres (Universities & NHS partners).
King’s College is developing an informatics system to support
this initiative
Support from government with simplification of clinical trials approval
times
Adoption of the Academic Health Science Centres (AHSC) model, with
Imperial, King’s College and UCL already partners; the objective is to
accelerate the research developments into applications benefiting the
patients
The London AHSC are exploring the idea to create information
systems using NHS information to allow for large groups of patients to
take part into global clinical research
As well as big-name clinical research organisations including Quintiles
and Parexel, London is home to specialist CROs such as Pharmidex,
William Harvey Research Ltd and Cerebrion
13. HEALTHCARE
The total UK private healthcare¹ market by sector by value reached
£30.4bn in 2010, a 19.5% increase on 2006 value
Health, social care and special education services are a major focus of
economic activity in the UK, and currently accounts for 11.1% of UK GDP
The growing demand for healthcare, given the population ageing and the
increasing privatisation of healthcare (due to the increasing pressure on
NHS capacity) insulated the sector from recession
Government allowing private medical companies to carry NHS
treatments: trend towards outsourcing is forecasted to grow
As a result, opportunities in long term care (driven by elderly population)
and acute care (short term active treatment) are likely to increase in the
next few years
Potential for innovation and convergence: better quality of living, smart
houses / e-healthcare: London as the hub in tech innovation and
financial community to fund applications
Opportunities for VC and PE to become more involved in the market and
help accelerate growth
The marketplace includes big players such as Atos Healthcare, AXA PPP
Healthcare, Barchester Healthcare, but the majority are small and
medium-sized providers
Private Medical Insurance: currently less than a third of British residents
are thought to have private insurance², in majority men & women aged
35-54 (41%), form social classes A and B (59% of respondents); Over a
third are residing in the Greater London & South East areas (37.2%)
15. CELL THERAPY CATAPULT
CENTRE
The global commercial cell therapy industry was estimated to
have an annual turnover of $1bn in 2011, is forecast to grow to
$5bn by 2014, with even greater growth predicted beyond that
Due to be launched in end of 2012, the Cell Therapy Catapult
centre will be an autonomous entity, independent of higher
education institutions, that will play a significant role in speeding
up development and accelerating routes to market
£50m over 5 years committed from research councils, the
National Institute for Health Research (NIHR) and the
Technology Strategy Board (TSB), with £10m per year
investment
Offering state of the art laboratories and offices in St Guy’s
Hospital, central London
Collaboration between academics, businesses and clinicians to
focus on the commercial development of cutting-edge
technologies in regenerative medicine clinical offerings
Current developments include Julie Daniels' limbal cell grafts at
the Institute of Ophthalmology, UCL as well cell & gene therapy
combinations at the Great Ormond Street hospital
Cell therapy players in London and immediate surroundings
include Cell Medica, ReNeuron (now in clinical phase)
16. THE FRANCIS CRICK INSTITUTE
Due to be launched in 2015, the objectives of
the biomedical science research institute
are:
to generate new insights and knowledge
about the biological mechanisms controlling
cell, tissue and body function
through collaboration, to find ways to
prevent and drive forward better treatment
of the most significant diseases affecting
people
Consortium of academic & scientific
institutions:
The Medical Research Council (biomedical
research)
Cancer Research UK (cancer charity)
The Wellcome Trust (charitable foundation)
University College London
Imperial College London
King's College London
18. ONE NUCLEUS
Commercial, clinical and academic powerhouse for
international life science and healthcare companies formed in
2010 by the merger of two regional life science networks –
Cambridge-based ERBI and the London Biotechnology Network
(LBN)
Promoting collaboration between Cambridge and London
thus tapping onto the heart of Europe’s largest life science and
healthcare cluster;
London and Cambridge are home to at least 60% of the
UK’s life science industry base, four of the UK’s five
Academic Health Science Centres and three of the world’s
top six universities
The institute’s mission is to improve the global competitiveness of
its members by:
Giving access to a large pool of companies and thus
supporting business-to-business interaction
Providing visibility to members through a cluster of
international size and relevance
Providing discounted entry to events in London and
Cambridge
Allowing for economies of scale supporting a group
purchasing scheme
Providing a training programme focused on the needs of
the members
19. LONDON BIOSCIENCE
INNOVATION CENTRE (LBIC)
Owned by the Royal Veterinary College, it hosts over
35 biotechnology and life science companies in
central London, including small start-ups and more
established players
Tenants include biotechnology, life science product
and diagnostic companies, contract research
organisations, medical device companies and
service providers
Provides laboratory and office facilities of high
standard and a professional front door a short walk
from St Pancras International and the site of the new
UK Centre for Medical Research and Innovation
(UKCMRI)
Clients benefit from shared networking space and
meeting rooms as well as close proximity to the
various financial services available throughout
London.
An experienced management team in building and
supporting biotechnology businesses
20. LONDON REGENERATIVE
MEDICINE NETWORK (LRMN)
Over 6,000 members from the general
public, patients, patient
groups, politicians, students, scientists, clinici
ans, engineers, industrialists, funding
agencies, regulators and the media
Forum for new regenerative medicine
technologies to be presented and discussed
via monthly meetings
Committed to helping facilitate the building of
a competitive and sustainable international
cell and gene therapy industry in the UK
Facilitated collaborations and the launch of
the Regenerative Medicine journal to
accelerate delivery of safe, efficacious
therapies that can be affordably
manufactured at scale for use in routine
clinical practice
21. UK REGENERATIVE MEDICINE
PLATFORM (UKRMP)
In Sept 2012, the Biotechnology and Biological Sciences Research
Council (BBSRC), Engineering and Physical Science Research
Council (EPSRC) and Medical Research Council (MRC) launched a
£25m UK Regenerative Medicine Platform (UKRMP) to address
the technical and scientific challenges associated with translating
promising scientific discoveries in this area towards clinical impact
Objectives:
interdisciplinary and complementary research hubs to promote
the development of regenerative therapies
Part of the broader UK research strategy seeking to support
high quality UK research activity and translational activity that
will help deliver the great promise of regenerative medicine to
the benefit of both patients and future economic growth
BBSRC, EPSRC and MRC are inviting proposals to establish high
quality, collaborative research groupings to address key
challenges in translational regenerative medicine
The five main themes (hubs) of research are:
1. Cell behaviour, differentiation and manufacturing;
2. Engineering and exploiting the stem cell niche;
3. Safety and efficacy, focussing on imaging technologies;
4. Acellular (smart material) approaches for therapeutic delivery;
5. and Inducing immune tolerance
22. COLLABORATIVE ENVIRONMENT:
ACCESS TO UNIVERSITIES
Imperial Bio-incubator www.imperialinnovations.co.uk:
A £7m incubator space based in South Kensington, to bring valuable ideas to market either by
building businesses or licensing to industry
Queen Mary Bio Enterprises in Whitechapel www.qmbioenterprises.com:
A £28m and 39,000 square feet capacity building, providing state of the art London laboratory and
office space, and access to world class clinical, teaching and research resources (Royal London
Hospital nearby)
Providing support for new ventures and being a hub for entrepreneurial activity. Tenants located at
the Innovation Centre can benefit from opportunities to access the facilities available at the world
class London School of Medicine Dentistry; access to the university business support network and
investors events; and leverage Queen Mary technical and commercialisation experience in the
healthcare and biotechnology sectors
Knowledge transfers www.ktponline.org.uk:
KTP is a programme run by the Technology Strategy Board (TSB), a partnership between a
University, a graduate and a company/organisation with a strategic need that could be solved via
knowledge transfer
Recruitment of a graduate to work on a knowledge transfer project from 6 months to 3 years to help
unlock a company’s potential
Available to a wide range of sectors and partly funded by the government (covering 60% of costs for
SMEs; up to 50% for larger organisations). Growth potential by over 40% for participants
A large amount of KTP funding remains unallocated in 2012. At a recent workshop held by the TSB it
was announced that good project applications are needed urgently as the money must be spent this
year
23. FINANCIAL INCENTIVES TO
DYNAMISE THE ECOSYSTEM
Seed Enterprise Investment Scheme (SEIS www.seis.co.uk):
Governmental scheme to help small and early stage UK-based start-
ups: companies must employ less than 25 people and must have
assets of less than £200,000. Benefits:
50% income tax relief on investments
Capital gains tax exemption on gains (from sale of asset)in
2012/2013 financial year if investment in the SEIS the same
year
Enterprise Capital Funds www.capitalforenterprise.gov.uk (£300m)
and Business Angel Co-Investment fund www.angelcofund.co.uk
(£50m): to finance innovative SMEs with high growth potential
Commitment to invest £180m in 2012-2014 to support discovery,
development and commercialisation of research:
Funds allocated by the MRC www.mrc.ac.uk & the TSB
Biomedical Catalyst fund
www.innovateuk.org/content/competition/biomedical-catalyst
In August 2012, University College London (£700,000),
Imperial College (£700,000) and King’s College London
(£500,000) received funds to transform early stage research
ideas into commercial applications
A further £130m to invest in later stage development
25. UK LIFE SCIENCES STRATEGY
Build an integrated ecosystem promoting collaboration
between companies and research institutes
Easy commercialisation of academic research:
Encouraging knowledge transfers from academia to
businesses
Find Kinston initiative – it does exist at national level
and is sanctioned by gvt (funded); Technology
transfer office Imperial Innovations at Imperial
College
Contributions by public and charity funding to
accelerate research and therefore contribute to
products developments
Clinical research as innovation driver within the NHS:
The government announced £800 m in clinical
research over the next 5 years (new NIHR Biomedical
Research centres and partnerships to boost research
in cancer, dementia, ageing conditions, etc.)
Resource finder point offers up to date information
about knowledge and technologies by location,
research topic, skills and equipment
The UK as a place to deliver life sciences innovation
26. JAPANESE BASED PHARMACEUTICAL COMPANY SHIONOGI & CO., LTD
LAUNCHED ITS NEW EUROPEAN HEADQUARTERS IN LONDON. SHIONOGI
ELECTED TO BASE THEIR EUROPEAN HEADQUARTERS IN LONDON FOLLOWING
AN EXTENSIVE REVIEW OF POTENTIAL LOCATIONS.
“WE ARE DELIGHTED TO BE LAUNCHING OUR
NEW EUROPEAN HEADQUARTERS IN LONDON -
WE AIM TO ACHIEVE OUR MISSION AS A COMPANY
WITH A STRONG PRESENCE IN EUROPE
TAKASHI EAKENOSHITA
”
CEO OF SHIONOGI EUROPE
27. HOW LONDON & PARTNERS
CAN HELP YOUR BUSINESS
SUCCEED
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UK 11% of citations: BIS, Strategy for UK life sciencesResearch papers: McKinsey report – London Life SciencesNobel prizes sources: 14 in medicine from London-based institutions & 25 overall science: http://www.nobelprize.org/nobel_prizes/lists/universities.html; 72 laureates & 26 at UCL: http://en.wikipedia.org/wiki/List_of_Nobel_laureates_affiliated_with_University_College_London#Medicine.2FPhysiologyFunding & Immigration: BIS, Strategy for UK Life sciences
Source: BIS, Strategy for UK Life Scienceshttp://www.imanova.co.uk/
Source: UKTI, UK Life Sciences, Discovering today: transforming tomorrow, 2011Source: BIS, strategy for UK Life sciencesLondon AHSC: Imperial, King’s Health Partners, UCL PartnersCROs list: London & Partners
¹ Definition of healthcare as defined by Laing & Buisson (KeyNote report, 2011 Healthcare): It includes direct privately-paid revenue sources, such as private medical insurance (PMI) and primary care, as well as the acute care sector, where a small but significant percentage of fees are paid via National Health Service (NHS) outsourcing. Also included is the market for long-term residential and nursing care for the elderly, as well as care for the mentally ill and adults with learning difficulties. The market size, as estimated in this chapter, includes revenue from private individuals, as well as some funding from public healthcare and social care budgets. http://spike/Document%20Repository/Key%20Note%20Private%20Healthcare%202011.pdf (page 10)Source UK GDP: The Role of Private Equity in UK Health & Care Services July 2012; http://www.laingbuisson.co.uk/Portals/1/Media_Packs/Fact_Sheets/LB_PrivateEquity_2012.pdf Source government outsourcing: The Role of Private Equity in UK Health & Care Services July 2012; http://www.laingbuisson.co.uk/Portals/1/Media_Packs/Fact_Sheets/LB_PrivateEquity_2012.pdf ²Private insurance stats methodology: survey conducted by Target Group Index (TGI) between 2010 and 2011 on a sample size of 49,920 people, only 15.8% of respondents were found to have personal private medical insurance (PMI), while a further 11.6% revealed that other member of their household had PMI. The more affluent groups, particularly those living in the South East, were clearly the main users of private healthcare services, including PMI, with penetration dropping rapidly beyond social grade C2. Penetration was the lowest in the North of the country. By age group, penetration peaked among the 35 to 44 year-olds, with usage declining gradually with age thereafter. Source: http://spike/Document%20Repository/Key%20Note%20Private%20Healthcare%202011.pdf Definition acute care: branch of secondary health care where a patient receives active but short-term treatment for a severe injury or episode of illness, an urgent medical condition, or during recovery from surgery. In medical terms, care for acute health conditions is the opposite from chronic care, or longer term care.Acute care services are generally delivered by teams of health care professionals from a range of medical and surgical specialties. Acute care may require a stay in a hospital emergency department, ambulatory surgery centre, urgent care centre or other short-term stay facility, along with the assistance of diagnostic services, surgery, or follow-up outpatient care in the community.Hospital-based acute inpatient care typically has the goal of discharging patients as soon as they are deemed healthy and stable.[3] Acute care settings include but are not limited to: emergency department, intensive care, coronary care, cardiology, neonatal intensive care, and many general areas where the patient could become acutely unwell and require stabilization and transfer to another higher dependency unit for further treatment.
Source: https://catapult.innovateuk.org/cell-therapySource commercial revenues and growth: https://catapult.innovateuk.org/cell-therapy Cell therapy describes the process of introducing new cells into a tissue in order to treat a disease. Cell therapies often focus on the treatment of hereditary diseases, with or without the addition of gene therapy. Cell therapy is a sub-type of Regenerative Medicine.'Regenerative medicine' is the replacement or regeneration of human cells, tissues or organs to restore or establish normal function (2). It includes cell therapies, gene therapies, tissue engineering and biomedical engineering techniques. (http://www.bionews.org.uk/page_169246.asp, Dr E. Culme-Seymour)Stem cell: a cell that can multiply and give rise to a variety of other, more specialised cell types. For example, stem cells in the bone marrow make many different blood cells. (Source: idem)Examples of collaborations and player: Emily Culme Seymour
Source: http://www.crick.ac.uk/
Source: http://www.crick.ac.uk/
Source: http://www.onenucleus.com/One Nucleus is the legal entity for the Council of European Bio Regions (www.cebr.net)
Source Imperial bioincubator: http://www.imperialinnovations.co.uk/incubatorSource Queen Mary Bio Enterprises: http://www.qmbioenterprises.com/Source A large amount of KTP funding remains unallocated in 2012. At a recent workshop held by the TSB it was announced that good project applications are needed urgently as the money must be spent this year, Kingston university newsletter, 2 Oct 2012.More on KTP in medicine: https://connect.innovateuk.org/web/healthktn
Source: BIS, Strategy for UK Life Sciences AND http://www.hm-treasury.gov.uk/d/seed_enterprise_investment_scheme.pdfECF: The current ECFs are: Amadeus Enterprise Fund, Catapult Growth Fund, Dawn ECF, IQ Capital Fund, MMC Ventures ECF, Oxford Technology ECF, Panoramic Growth Equity, Seraphim ECF and the Sustainable Technology Fund, Notion Capital, Passion Capital (source: http://www.bbc.co.uk/news/business-12049304 and http://www.bis.gov.uk/policies/enterprise-and-business-support/access-to-finance/enterprise-capital-funds)
Source: https://catapult.innovateuk.org/cell-therapySource commercial revenues and growth: https://catapult.innovateuk.org/cell-therapy Cell therapy describes the process of introducing new cells into a tissue in order to treat a disease. Cell therapies often focus on the treatment of hereditary diseases, with or without the addition of gene therapy. Cell therapy is a sub-type of Regenerative Medicine.'Regenerative medicine' is the replacement or regeneration of human cells, tissues or organs to restore or establish normal function (2). It includes cell therapies, gene therapies, tissue engineering and biomedical engineering techniques. (http://www.bionews.org.uk/page_169246.asp, Dr E. Culme-Seymour)Stem cell: a cell that can multiply and give rise to a variety of other, more specialised cell types. For example, stem cells in the bone marrow make many different blood cells. (Source: idem)Examples of collaborations and player: Emily Culme Seymour
http://www.londonandpartners.com/media-centre/press-releases/2012/120706-shionogi-launches-new-european-headquarters-in-londonFriday 06 July 2012Japanese based pharmaceutical company Shionogi & Co., Ltd (Head Office: Osaka; President & CEO: Isao Teshirogi, Ph.D.; hereafter “Shionogi” or “the Company”) has launched its new European Headquarters in London, United Kingdom, to be called “Shionogi Limited”. The new headquarters will form a new era for the Company as it expands its global business into Europe.As part of the 3rd Medium-Term Business Plan, a five year plan to expand its business world wide, Shionogi will bring a long standing reputation to Europe. Dating back from 1878, the Company has been involved in research, development, manufacturing and marketing activities for over 130 years and is very proud to be a part of the European pharmaceutical community.Shionogi elected to base their European Headquarters in London following an extensive review of potential locations on the Continent as well as within the UK. London was chosen by Shionogi because of the good business infrastructure and support, the pool of exceptional talent, a favourable living environment for their employees and easy access to the rest of Europe. “We are delighted to be launching our new European Headquarters in London.” said Takashi Eakenoshita, CEOof Shionogi Europe. “We aim to achieve our mission as a company with a strong presence in Europe, which conducts business operations recognised by patients, their families, healthcare providers and broader communities.”The Mayor of London, Boris Johnson, added “Boosting jobs and growth is my number one priority, and this means attracting ever more companies to the capital. Shionogi will make a fantastic addition to London's growing life sciences sector, which benefits from our top class universities and research centres, direct access to huge markets, a skilled cosmopolitan workforce, and fantastic connectivity. London really is the best place in the world to do business, something I will be taking every opportunity to showcase throughout this summer like no other.”Shionogi has a strong heritage in the discovery and development of globally important therapies. In 1998 Shionogi licenced one of its new molecules that later became Crestor® (generic name: rosuvastatin calcium) to AstraZeneca, and still markets this drug in Japan today. Currently the Company has a strong strategic focus on infectious diseases, pain and metabolic syndrome.The Company plans to quickly expand the number of employees in London and has recently made several key appointments: Dr Marco Renoldi, Dr SuhailNurbhai, Dr Mark Sampson, Nina Strenitz and Joe Gaugas.Shionogi marked its launch in Europe with a prestigious event in central London attended by key members of the pharmaceutical and healthcare industries, with talks from Lord Darzi of Denham PC KBE FMedSciHonFREng, (Imperial College London), Mr Martin Donnelly (Permanent Secretary for Business, Innovation and Skills ), Mr Kit Malthouse (Deputy Mayor for Business and Enterprise) Professor Andrea Genazzani, MD, PhD, FRCOG, (Professor of Obstetrics and Gynaecology, University of Pisa, Italy), Professor Brian Gazzard, CBE (Chelsea and Westminster Hospital, London) and Mr Isao Teshirogi, President and CEO of Shionogi.