0 Have your say Alison McLintock from Leyton shares her insights into five of the most innovative life sciences companies based in Scotland. With more than 700 innovative life science companies operating out of Scotland, this industry is continuing to grow and could be worth £8bn by the 2025. Thanks to continued support from the Scottish government, the life science sector employs more than 37,000 people across the country – a figure which is set to rise.This exciting industry works closely with the main medical universities in Scotland to, amongst other things, develop research into precision medicine, which in time will help save the NHS money.So what are the most innovative companies and projects happening in Scotland right now?Synpromics, based in Edinburgh, are leaders in gene control, and aim to improve human health by enabling safer and more effective cell and gene medicines by combining proprietary genomic, bioinformatics and intelligent data driven … [Read more...] about Five most innovative life science companies in Scotland
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Video: Five of Scotland’s most innovative Life Sciences companies
0 Have your say Half of all Scottish Life Science companies are meditech and pharma organisations, but innovation stretches as far as cloud computing and DNA sequencing. Scotland has gained a reputation of being an incubator of innovation and advancement in the life sciences sector.We continue to produce cutting-edge research from more than 700 organisations who have chosen to call Scotland home.Many work with a unified health service, embracing innovation and encouraging active networking with business interests, all in the name of progress.We’ve selected just a handful of such companies to shine a light on the meaningful Scottish organisations are doing.Caldan Therapeutics is one such company, working with free fatty acid receptors in an effort to better understand and potentially treat Type 2 Diabetes.Aridhia on the other hand, are working to perfect cloud-based software to assist medical research and precision medicine.Watch the video above to get just a taste of … [Read more...] about Video: Five of Scotland’s most innovative Life Sciences companies
Government plans crackdown on reckless company bosses
Plans to crack down on irresponsible bosses of failed companies - and give increased protection to affected workers and suppliers – have been announced by the Government. It follows controversy over the recent collapse of construction and outsourcing giant Carillion and before that the demise of retailer BHS.The Government said that most firms were run responsibly but that recent cases had raised concerns that company directors could "unfairly shield themselves from the effects of insolvency and – in the worst cases – profit from business failures while workers and small suppliers lose out".Proposals include clawing back money for workers and suppliers who are owed cash, by reversing inappropriate "asset stripping" of companies on the verge of going bust.Directors would also be held personally liable - and face possible disqualification - if found to have "recklessly" sold a struggling company knowing it would fail.In addition, the Insolvency Service would be given … [Read more...] about Government plans crackdown on reckless company bosses
550 jobs axed at drugs company
A Swiss pharmaceuticals firm has announced plans to reduce its workforce at one of its UK sites, with the loss of up to 550 jobs. Novartis is the largest employer in the market town of Horsham, West Sussex, with around 950 workers. The company said it will retain its respiratory research team at the site, but jobs in manufacturing, administration and research and development will go. Sue Webb, general manager for the UK and Ireland, said: "Novartis is continuously evaluating its resource allocation to ensure that the organisation is highly flexible and able to proactively adapt to external challenges which best meet the needs of its customers. "With significant changes in healthcare systems aimed to contain or cut cost, this critical assessment and the subsequent potential changes to the Novartis UK organisation are key to maintain significant investment in innovative drugs and our research efforts in the UK." The company said it will maintain its other major manufacturing sites in … [Read more...] about 550 jobs axed at drugs company
645 jobs to go at aerospace company
Nearly 650 jobs are to go at Belfast aerospace company Shorts in the New Year, it has been announced. Its Canadian parent company Bombardier said the 645 losses would be among 1,330 across the company. Bombardier blamed an adjustment of production rates due to current demand for its aircraft. The Belfast jobs will start to go in January, said Bombardier. Bombardier said it was reducing production of its 70-90 seat regional jets to reflect demand. Production rates for its CRJ700 and CRJ900 would come down from one aircraft every three days to one every five from November. "The restructuring of the airline industry continues, with relatively few orders for regional jets in the 70-90 seat jet category being awarded in recent years," said Bombardier from its Montreal headquarters. The situation should improve, but it had to be prudent in the short term, it added, to ensure it achieved its goals of increased profitability and success in the long term. "This means making difficult but … [Read more...] about 645 jobs to go at aerospace company