UCL School of Pharmacy


MSc in Pharmaceutical Formulation and Entrepreneurship

This MSc will provide students with the skills and knowledge to allow them to participate effectively in the creation and growth of high-impact pharmaceutical business ventures. Its graduates will be ideally positioned to initiate their own start-up companies or join existing biotech or pharmaceutical businesses.

Key information

Programme starts

September 2021

Modes and duration

Full time: 1 year

Application dates

All applicants
Open: 9 November 2020
Close: 31 May 2021
Applications may close earlier if all places on the programme are filled.

Tuition fees (2021/22)

£16,000 (FT)
£31,200 (FT)

Note on fees: The tuition fees shown are for the year indicated above. Fees for subsequent years may increase or otherwise vary. Further information on fee status, fee increases and the fee schedule can be viewed on the UCL Students website: ucl.ac.uk/students/fees.


Satisfies the academic requirements for the award of Chartered Chemist (CChem) for students entering the programme between 2018 and 2023 who take the four optional chemistry modules.

Location: London, Bloomsbury

Entry requirements

An upper second-class UK Bachelor's degree or higher in pharmacy, pharmaceutical science, chemistry, chemical engineering, materials science, biotechnology, pharmaceutics or a related field in the life or physical sciences, or an overseas qualification of an equivalent standard is required.

English language requirements

If your education has not been conducted in the English language, you will be expected to demonstrate evidence of an adequate level of English proficiency.

The English language level for this programme is: Good

Pre-Master's and Pre-sessional English

UCL Pre-Master's and Pre-sessional English courses are for international students who are aiming to study for a postgraduate degree at UCL. The courses will develop your academic English and academic skills required to succeed at postgraduate level. International Preparation Courses

Further information can be found on our English language requirements page.

International students

Country-specific information, including details of when UCL representatives are visiting your part of the world, can be obtained from the International Students website.

International applicants can find out the equivalent qualification for their country by selecting from the list below.

Select your country:

About this degree

Students will learn how to develop and assess a new business concept, and how to raise finance for and market a business and its outputs. They will build their scientific skill set by exploring four scientific research areas in pharmaceutics, and will interact closely with and be mentored by those who have direct experience of initiating a start-up business.

Students undertake modules to the value of 180 credits.

The programme consists of four compulsory modules (60 credits), four optional modules (60 credits), a scientific research project (30 credits) and a business case development project (30 credits).

Upon successful completion of 180 credits, you will be awarded a MSc in Pharmaceutical Formulation and Entrepreneurship.

Please note that the list of modules given here is indicative. This information is published a long time in advance of enrolment and module content and availability is subject to change.

Compulsory modules

  • Mastering Entrepreneurship
  • Business for Bioscience
  • Entrepreneurial Finance
  • Initiating a Pharmaceutical Start-Up

Optional modules

Students select three optional modules in term one (from a choice of four), and a further optional module (from a choice of five) in term two.

  • Term One
  • Analysis and Quality Control
  • Preformulation
  • Formulation of Small Molecules
  • Personalised Medicine
  • Term Two
  • Pharmaceutical Biotechnology
  • Clinical Pharmaceutics
  • Nanomedicine
  • Formulation of Natural Products and Cosmeceuticals
  • Polymers in Drug Delivery
  • Pharmacometrics


Students undertake two projects which culminate in two written reports and oral presentations. One is a short laboratory research project, while the second involves the development of a business case for a new pharmaceutical endeavour.

Teaching and learning

The programme is delivered through a combination of lectures, tutorials, seminars and practical sessions, as well as industrial visits. Assessment is through a combination of written examinations, coursework assignments and project work.

Additional costs

For more information on additional costs for prospective students please go to our estimated cost of essential expenditure at Accommodation and living costs.


Details of the accessibility of UCL buildings can be obtained from AccessAble accessable.co.uk. Further information can also be obtained from the UCL Student Support & Wellbeing team.


For a comprehensive list of the funding opportunities available at UCL, including funding relevant to your nationality, please visit the Scholarships and Funding website.


Graduates from this MSc find work in various areas of the pharmaceutical and biotechnology industries. They are fully equipped with the skills to start their own businesses, and can approach UCL Innovation and Enterprise to assist with this if desired. Alternatively, they may join small biotech or major pharmaceutical companies, pursue further research in academia, work in consulting, or join world-leading technology companies where there is increasing emphasis on healthcare and the life sciences. For instance, recent graduates have undertaken PhD research at the University of Cambridge or found work with start-ups such as Intract Pharma.


Employability skills are embedded in the programme, with emphasis placed on the development of "soft" skills and a series of workshop sessions organised on CV writing, undertaking interviews, and networking. We make extensive efforts to provide opportunities for students to meet with potential employers. Students from this MSc are highly competitive in the global jobs market.

Why study this degree at UCL?

This programme is unique in equipping students with a broad skill set in both medicines design and entrepreneurship. It is delivered by world-leading academics in both the UCL School of Pharmacy and UCL School of Management.

UCL staff with direct experience of launching a pharmaceutical start-up will teach students best practice and how to overcome the major challenges involved in enterprises of this kind.

UCL’s central London location combines state-of-the-art research with an entrepreneurial dynamic that fosters start-up creation, and provides access to venture capitalists, business angels, and world-leading pharmaceutical companies. UCL Innovation and Enterprise, UCL’s centre for entrepreneurship and business interaction, offers UCL students direct practical support in launching a business.


Satisfies the academic requirements for the award of Chartered Chemist (CChem) for students entering the programme between 2018 and 2023 who take the four optional chemistry modules.

Department: School of Pharmacy

Application and next steps


Students are advised to apply as early as possible due to competition for places. Those applying for scholarship funding (particularly overseas applicants) should take note of application deadlines.

This programme requires two references. Further information regarding references can be found in our How to apply section.

There is an application processing fee for this programme of £90 for online applications and £115 for paper applications. Further information can be found at: ucl.ac.uk/prospective-students/graduate/taught/application.

Who can apply?

The programme is suitable for graduates with a first degree in a physical or life science, not necessarily pharmacy, who wish to launch a business in the pharmaceutical sector or join one of the many fast-growing biotech companies in the UK or worldwide. Those interested in joining major pharmaceutical companies will also benefit.

Application deadlines

All applicants
31 May 2021

For more information see our Applications page.

Apply now

What are we looking for?

When we assess your application we would like to learn:

  • how your academic and professional background meets the demands of Pharmaceutical Formulation and Entrepreneurship
  • why you want to study Pharmaceutical Formulation and Entrepreneurship at graduate level
  • what particularly attracts you to this programme at the UCL School of Pharmacy/ UCL School of Management
  • where you would like to go professionally with your degree and how this programme meets these needs

Together with essential academic requirements, the personal statement is your opportunity to illustrate whether your reasons for applying to this programme match what the programme will deliver.

UCL is regulated by the Office for Students.

Page last modified on 28 August 2021