Johnson unveils £600M investment plan for U.K. life sciences industry

Prime Minister Boris Johnson has unveiled a plan for the U.K. government to invest £200 million ($250 million) in life sciences companies that could attract twice that in private investment and help replace lost EU funding in the event of a no-deal Brexit.

The Life Sciences Scale-Up fund, which will be run by the British Business Bank, would “mobilize” £400 million from private firms, the Conservative Party said, without providing details...