MedCity Update – August 2015
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From Sarah Haywood, MedCity’s Chief Operating Officer

All good things come to those who wait, and the official celebration of MedCity’s first year is a case in point – delayed slightly due to the general election, we joined Mayor Boris Johnson at City Hall in July to celebrate a year of intense activity and launch new research into the scale of the sector in our region (see more below). Despite the tube strike we had a great turnout, and particular thanks go to our guests from Gilead and Imanova for speaking so compellingly on what makes our region unique.

In a month of good news, special congratulations must go to our Executive Chair Eliot Forster, who has proved with great panache that it is certainly possible to raise significant funding for life sciences in the UK. You may have seen the news that, as CEO of Immunocore, he has secured investment for the company of $320m – the second largest private biotech financing in the world. You can read a great interview with the man the Sunday Times calls “the rugby playing CEO” here

MedCity – one year on celebrations

MedCity and the Mayor of London celebrated the organisation’s first year with new research showing that the Greater South East is home to 1,896 life sciences companies generating £16.6 bn annually and employing 62,855 people UK-wide.
Read more and see the new report and map

Life sciences in the Greater South East – new interactive map

MedCity’s new interactive map, which is under continuous development and will be updated quarterly, enables users to explore the richness of the life sciences industry of the Greater South East. The map uses a number of data sources and we welcome feedback as we continue to refine the methodology. Please send all comments to
Explore the map

Precision Medicine Catapult to be based in Cambridge 

The announcement that the new Precision Medicine Catapult will be based in Cambridge has been welcomed by MedCity’s Eliot Forster as a boost to the UK’s health and economy that will help to deliver the right  treatment at the right time to the right patient. 
Read more

Trends in healthcare investments and exits 2015

IPO activity, the role of non-VC investors, a growing focus on early-stage biopharma companies, and emerging medical device and diognostics field – Silicon Valley Bank publishes its predictions for healthcare fundraising. 
Read the report (pdf)

New private cancer hospital announced for London

Up to 2,000 jobs will be created thanks to a new investment by VPS Healthcare Group, which will see a new speciality hospital opening within the Royal Masonic Hospital in Hammersmith focused on cancer treatment.
Read more

Green light for Imperial’s Biomedical Engineering Research Hub

Imperial College London’s Michael Uren Biomedical Engineering Hub, to be based at the new White City Campus, has been granted planning permission by Hammersmith and Fulham Council. The centre has been supported by a £40m donation from Imperial alumnus Michael Uren.
Read more

Boris Johnson welcomes Michael Uren’s donation

100,000 Genome Project – recruitment begins

Recruitment has begun at King’s College Hospital, Guy’s and St Thomas’ and South London and Maudsley for the 100,000 Genome Project.

Read more

EU Health Programme call for proposals

The European Commission has published this year’s calls for proposals for the EU Health Programme, with a total budget of nine million euros. The deadline for proposals is 15 September. 

Find out more

London Co-investment Fund open for bids

The Greater London Authority has launched the London Co-investment Fund – a £25m fund designed to provide equity finance for London’s tech, digital and science SMEs seeking between £250k and £1m to realise their growth ambitions.

Find more information and apply

Developing regenerative medicines and cell therapies

Innovate UK is calling for entries to a competition focused on regenerative medicine and cell therapies, with up to £8 million available for collaborative projects. 

Find out more

Coming up


A decade of entrepreneurship: start-up to success, 15 September, OBN
Open for business: TTIP and life sciences, 24 September, British American Business
ISCT Europe 2015, 24-26 September, International Society for Cellular Therapy

GREAT Week Healthcare and Life Sciences, 28 September-2 October, UKTI
UK Bioscience Forum, 15 October, BIA
Medical Device Regulations Training, 21 October, South East Health Technologies Alliance

Email us to share your event

MedCity was established in April 2014 by the Mayor of London with the capital’s three Academic Health Science Centres – Imperial College Academic Health Centre, King’s Health Partners and UCLPartners.

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The next edition of MedCity Update will be sent in September 2015.



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