The First Minster Alex Salmond announced that Inverness, an administrative centre for the Highland Council Area, is going to lead the worldwide research being carried out on diabetes. International firm in collaboration LifeScan with Scottish Government is going to invest on the project.
Though majority of the investment that is of £9.53 million will be done by LifeScan, $4.48 million will be contributed by the government. Life scan is already credited as Scotland's biggest life sciences company, and after this project, it will become a leading name in diabetic research also.
Salmond was of the view, "The decision to have the diabetes research and development effort in our region, attracting staff from across the world, is a resounding vote of confidence in our capabilities".
He further affirmed that the project will prove to be an asset for the company as Scotland will get new jobs, high skilled employees and value will also get increased of Scotland.
Tito Bacarese-Hamilton, who is vice-president of LifeScan thanked the government for investing in the project with them. He further affirmed that it will help them to deliver the product soon in the market, which will further elevate the ranking of Scotland in medicine business.