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UK’s patent incentive leads to GSK investment

Simon Crompton, London

GlaxoSmithKline will invest more than £500 million in the UK, after the government confirmed it would provide a tax incentive for patents

GSK said it would manufacture a new respiratory device at a facility at Ware in Hertfordshire, and set up a £50 million ($78 million) UK venture capital fund.

That followed chancellor George Osborne's confirmation that he would back the previous...

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