Twin boosts for life sciences in Lords report

SCOTLAND’S life sciences sector was given a double boost yesterday with the House of Lords calling for the streamlining of “regenerative medicine” rules, while medical testing kit maker Omega Diagnostics eyed a $160 million (£105m) market.

The Lords science and technology committee warned that the UK is “under-prepared” for the opportunities presented by regenerative medicine, such as using stem cells to repair damage to patients’ bodies.

Committee chairman Lord Krebs said: “We also need a co-ordinated approach so that we can translate the successful research that we have in the UK into medical results. Investors need to see the route from bench to bedside.”