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UCB FURTHER INVESTS IN UK OPERATIONS WITH AGREEMENT TO ACQUIRE A NEW LEADING-EDGE CAMPUS

· UCB has signed an agreement to acquire a new campus for its UK operations located in Windlesham, Surrey 
· The campus will become home to one of UCB’s three global R&D hubs bolstering its cutting-edge R&D, early manufacturing and commercial operations in the UK
· Reinforcing its investment in the UK, this transition to a state-of-the-art facility will deliver against UCB’s promise to invest more than £1 billion over five years and support more than 650 high-value jobs 

Slough, UK and Brussels, Belgium – 16 October 2020 – UCB has signed an agreement to acquire a new campus for its UK operations supporting cutting-edge research and development, early manufacturing and commercialisation of medicines aiming to transform the lives of people living with severe immunological and neurological conditions.

The acquisition of the world-class site in Windlesham, Surrey is anticipated to be completed in November 2020 and reflects UCB’s commitment to retain the UK as one of its three global hubs for research and development, alongside Belgium and the US. 

UCB’s projected investment in the UK, including this site, will be more than £1 billion over five years and the transition to this new facility will support more than 650 high-value jobs in scientific research, translational medicine, clinical development, early manufacturing and commercial roles.

The 47-acre (19 hectare) campus will be acquired from Eli Lilly and Company Limited and was formerly its second largest research site worldwide. Following completion of the acquisition, the site will undergo state-of-the-art refurbishment prior to UCB relocating from its current UK headquarters in Slough, Berkshire. This refurbishment will enable successful execution of UCB’s research plan to develop innovative treatments for patients including gene therapies and translational medicine, as well as development of UCB’s world-class antibody discovery platforms.

This new campus in Windlesham reinforces UCB’s conviction in UK life sciences and its drive in developing innovative treatments for patients with neurological and immunological conditions. UCB reinvests between 23-28% of its revenue into R&D per annum globally, making the company one of the most research-intensive companies in Europe. With an extensive network of collaborations with UK universities, charities and other companies, UCB endeavours to further advance scientific research in the UK and deliver the solutions that patients need globally.  

Business and Industry Minister Nadhim Zahawi said: “It’s fantastic to see that UCB has re-affirmed its commitment to the UK’s world-leading life sciences sector, and I welcome the role this facility will play in creating hundreds of high value jobs in the years to come.

 “UCB’s investment demonstrates the huge opportunity for companies investing in UK science and research with government support, cementing the UK’s status as a global science superpower.”
Health Minister Lord Bethell said: “This investment is a major vote of confidence in our incredible life sciences sector and is further proof the UK continues to lead the way in ground-breaking medical research.
“This Government will always do everything it can to ensure NHS patients are the first to benefit from cutting-edge treatments. 

“Developing an environment that allows research and development to thrive is the best way to allow UK innovation to flourish.”

Life Science's Champion Professor Sir John Bell said: “We have made huge progress since the Industrial Strategy was published in 2017 towards making the UK a global hub for life sciences.

“Today’s announcement from UCB is a further illustration of the research, health and economic benefits that can be achieved through investment in the UK’s life sciences sector.”

Jean-Christophe Tellier, Chief Executive Officer at UCB said: “We have a strong track record of discovering medicines in the UK which go on to make a difference to the lives of patients worldwide. I am delighted to have signed an agreement to secure this new campus for our UK hub, from which our scientists will be able to continue to develop their extensive collaborations with some of the most innovative universities, bio-techs and medical research charities, bringing even greater benefit for patients.

“This new UK site will not only support our ambitions for future drug discovery but will be well-placed to enable us to achieve our 2030 global sustainability goals and provides an environment which supports the physical and mental wellbeing of our people – essential to helping us thrive.”

Worldwide UCB’s global footprint has been strengthened significantly in recent times allowing the company to meet its ambitions for patient-focused medicines of the future. Alongside the new UK site, these include acquisition of Ra Pharma enhancing UCB’s innovation capabilities in the US and substantial investments in the Belgian Braine l’Alleud campus.

Ends

Notes to Editors

About UCB
UCB, Brussels, Belgium (www.ucb.com) is a global biopharmaceutical company focused on the discovery and development of innovative medicines and solutions to transform the lives of people living with severe diseases of the immune system or of the central nervous system. With 7 500 people in approximately 40 countries, the company generated revenue of € 4.9 billion in 2019. UCB is listed on Euronext Brussels (symbol: UCB).

Contact UCB: 

UK Communications Karen Borrer karen.borrer@ucb.co.uk +44 (0)1753 713006 +44 (0) 7775 003538
Corporate Communications Laurent Schots Laurent.schots@ucb.com +32 (0)2 559 92 64  
Investor Relations Antje Witte antje.witte@ucb.com  +32 (0)2 559 94 14 
Investor Relations Isabelle Ghellynck, isabelle.ghellynck@ucb.com +32 (0)2 559 9588 

About the Windlesham site

The site in Windlesham, Surrey is a 47-acre (19 hectare), internationally recognised life sciences research and development campus. Currently owned by Eli Lilly and Company Limited, following completion of the acquisition by UCB, the site will undergo extensive refurbishment before relocation by UCB from its current location in Slough, Berkshire.

Forward looking statements - UCB
This press release contains forward-looking statements based on current plans, estimates and beliefs of management. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including estimates of revenues, operating margins, capital expenditures, cash, other financial information, expected legal, political, regulatory or clinical results and other such estimates and results. 
By their nature, such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions which could cause actual results to differ materially from those that may be implied by such forward-looking statements contained in this press release. Important factors that could result in such differences include: changes in general economic, business and competitive conditions, the inability to obtain necessary regulatory approvals or to obtain them on acceptable terms, costs associated with research and development, changes in the prospects for products in the pipeline or under development by UCB, effects of future judicial decisions or governmental investigations, product liability claims, challenges to patent protection for products or product candidates, changes in laws or regulations, exchange rate fluctuations, changes or uncertainties in tax laws or the administration of such laws and hiring and retention of its employees. 
UCB is providing this information as of the date of this press release and expressly disclaims any duty to update any information contained in this press release, either to confirm the actual results or to report a change in its expectations.
There is no guarantee that new product candidates in the pipeline will progress to product approval or that new indications for existing products will be developed and approved. Products or potential products which are the subject of partnerships, joint ventures or licensing collaborations may be subject to differences between the partners. Also, UCB or others could discover safety, side effects or manufacturing problems with its products after they are marketed. Moreover, sales may be impacted by international and domestic trends toward managed care and health care cost containment and the reimbursement policies imposed by third-party payers as well as legislation affecting biopharmaceutical pricing and reimbursement.


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