U.K. government releases 2014 budget

The U.K. Treasury released its 2014 budget, which includes a L55 million ($91.5 million) investment to build a new cell therapy manufacturing center. The center is slated to open in 2016-17 and will be managed by the Cell Therapy Catapult, a government-sponsored center that aims to help move early stage cell therapy research to commercialization. The center is expected to generate L1.2 billion ($2 billion) in revenue by 2020, according to the catapult. ...