New funding for medical research

September 8, 2017

Hat: New funding for medical research

Funding Scheme: 2017-09-08

Pgm2014 2020: Yes

Amorce:

The UE remains highly interested in the health sector. Thus, the Junker Plan has been used to finance a loan to Evotec.

Text:

The European Investment Bank has just provided 75 million euro to Evotec, dynamic group in the field of research for health. The loan is guaranteed by the European Fund for Strategic Investments (EFSI).

This long-term financing boost will be used to finance drug discovery and the development of new treatments for serious illnesses and diseases. It is the first large equity-type investment under EFSI in any industry anywhere in Europe.

The risks taken by the bank show how confident it is with the success of Evotec. The EU reaffirmes its will to help finding a cure to serious deseases, and to reduce their price.

Url description: European Commission Website

Url: https://ec.europa.eu/commission/commissioners/2014-2019/katainen/announcements/investment-plan-finances-innovative-medical-research-eu75-million-loan-evotec_en