U.K.’s new life sciences strategy has big ambitions — can they be met?

The U.K. government’s new Life Sciences Industrial Strategy aims to modernize the NHS and make the country the world’s third-largest life sciences economy, after the U.S. and China. Its challenge will be, this time, to turn the bold vision into practical execution. 

The plan, published on Wednesday, lays out three connected pillars: enabling world-class R&D; making the U.K. an outstanding place to start, grow, scale and invest in the life sciences; and driving health innovation and NHS reform...