Four British hospitals and University College London have forged a £2 billion partnership that will create what's being billed as the largest biomedical research group in Europe. The research consortium is being developed at the urging of the British government, which has been encouraging the formation of science centers focused on the development of new therapies.
According to the Guardian, this new partnership is intended to put London at the forefront of the global drug development world. Together, the group employs more than 3,500 scientists, researchers and consultants.
"By pooling resources and expertise we will be able to produce more world-class research in key areas, including cancer and heart disease, and deliver the benefits more rapidly to patients," said the partners.