London mayor suggests $15 bln 'megafund' to boost biotech
June 25, 2015 at 06:17 AM EDT
LONDON, June 25 (Reuters) - Banks, investors and big drug companies should consider creating a 10-billion-pound ($15.7 billion) "megafund" to help biotech firms in London and across Britain compete with U.S. rivals, London mayor Boris Johnson said on Thursday.