Medical Research Council · London United Kingdom
Company Description
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This link will open in a new window The Medical Research Council (MRC) is a not-for-profit UK government-financed organization that promotes and funds medical and other health-related research. Founded in 1913, MRC funding has been responsible for some of the biggest breakthroughs in life sciences, such as the purification of penicillin and the development of magnetic resonance imaging (MRI) technology. The council's funding is distributed to researchers in universities, the National Health System, and MRC research centers. Current research priorities include AIDS, antibiotic resistance, the use of animals in research, chronic fatigue syndrome, the study of cognitive systems, intensive care, multiple sclerosis, and other areas of public health. To read the full description, subscribe now.
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Key Medical Research Council Financials
| Company Type | Private - Not-for-Profit Headquarters |
| Fiscal Year-End | March |
| Employees | 4,763 |
Medical Research Council Executives
10 executives listed for Medical Research Council's London, location.
| Title | Name & Bio | Contact |
| CEO | Leszek Borysiewicz | Network |
| Executive Director | Nick Winterton | Network |
| COO and Deputy Chief Executive | John Jeans | Network |
Competition
Competitive Landscape for Medical Research Council
Demand for biotechnology research in the fields of medicine, agriculture, food, and science is driven by insurers' willingness to pay for new medical treatments, the global need to produce more food for a rapidly expanding population, and scientists' desire to find solutions for complex scientific and medical issues. Funding for biotech research is often provided by venture capital funds hoping to cash in on new products. The profitability of individual companies depends on the discovery and effective marketing of new products. Because the market for potential products is so large, small biotechnology companies can co-exist successfully with large ones if they have expertise in a particular line of research. The industry is capital intensive: average annual revenue per worker is more than $350,000. Biotech firms face stiff competition from pharmaceutical and other companies seeking to be first with a new product or discovery. To read the full description, subscribe now.Top Medical Research Council Competitors
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