• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer
  • Español
  • English
  • Bloglovin
  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
CDE Almería – Centro de Documentación Europea – Universidad de Almería

CDE Almería - Centro de Documentación Europea - Universidad de Almería

Centro de Documentación Europea de la Universidad de Almería

  • HOME
  • WHAT´S ON
    • EU BULLETINS
    • EU NEWS
    • Activities
    • EU Calls and Awards
    • Radio Program “Europe with You”
  • DOCUMENTATION
    • Bibliographic Collection
      • Almería EDC Digital Collection
      • UNIVERSITY OF ALMERIA LIBRARY
    • Documentation by topic
    • EU Media Collection
      • Web Space
      • MEDIATHEQUE REPOSITORY
  • Europe on the net
    • Institutions
    • Representation of Spain in the EU
    • European information network of Andalusia
    • EU official journal
  • ABOUT US
    • Presentation
    • People
    • Contact

Spain: EIB provides €20 million to support RDI activities and growth at Galenicum

You are here: Home / EU News / Spain: EIB provides €20 million to support RDI activities and growth at Galenicum

10/02/2021

The EU bank funds will finance the pharmaceutical company’s 2020-2023 investment plans in the field of RDI and to boost the expansion of its business

The financing is supported by the Investment Plan for Europe

Spain: EIB provides €20 million to support RDI activities and growth at Galenicum
©Galenicum

The European Investment Bank (EIB) will provide €20 million to finance the research, development and innovation (RDI) programme of Galenicum, a pharmaceutical company founded in Barcelona in 2003 that aims to improve the quality and affordability of medicines. The investment will strengthen the company’s position in its sector, driving growth and innovation in its product and service portfolio. The project is backed by a guarantee from the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe.

The EIB will provide Galenicum with long-term financing to boost the RDI carried out in its laboratories in Barcelona. This includes both the development of injectables, gliptins and reduced-dose formulations in various treatment areas such as diabetes, oncology and the central nervous system (CNS), and the purchase of equipment needed to carry out pharmaceutical research and development.

This EIB financing will also contribute to the EU bank’s efforts to mitigate the effects of COVID-19 by supporting a promoter that manufactures medicines widely used to treat the virus. Galenicum is a leader in the production of paracetamol (first line of treatment of symptoms) and metformin (essential treatment for diabetic patients, who are vulnerable to COVID-19) in Spain and Europe. The EIB will also finance the purchase of equipment to expand capacity and flexibility at Galenicum’s plant in San Agustín del Guadalix, Madrid.

EIB Vice-President Ricardo Mourinho Félix, who is responsible for the Bank’s operations in Spain, said: “We are very pleased to sign this agreement with Galenicum to support the research and development strategy of Galenicum, a Spanish leader in the pharmaceutical sector that produces widely used medicines such as paracetamol and metformin, essential for diabetic patients that are most vulnerable to COVID-19. This loan shows the EIB’s firm commitment to providing the resources needed to promote investment in innovation in the European pharmaceutical industry, increase its competitiveness and strategic autonomy, and create high quality jobs.”

More information

European Investment Bank

“This is a space for debate. All comments, for or against publication, that are respectful and do not contain expressions that are discriminatory, defamatory or contrary to current legislation will be published”.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Related Post

COVID-19 Vaccination in Europe
Smuggling Network Connected to four deaths at sea dismantled in Spain
EUROPEAN AGENDA: Confinement COVID-19

Footer

Centro de Documentación Europea de Almería
CDE Almería

Edificio Parque Científico-Tecnológico (Pita) Planta: 1ª, Despacho: 29
04120 – Ctra. Sacramento s/n.
Almería (Spain)
Teléfono: (+34) 950 015266

Sing in!

Navigation

  • HOME
  • WHAT´S ON
    • EU BULLETINS
    • EU NEWS
    • Activities
    • EU Calls and Awards
    • Radio Program “Europe with You”
  • DOCUMENTATION
    • Bibliographic Collection
      • Almería EDC Digital Collection
      • UNIVERSITY OF ALMERIA LIBRARY
    • Documentation by topic
    • EU Media Collection
      • Web Space
      • MEDIATHEQUE REPOSITORY
  • Europe on the net
    • Institutions
    • Representation of Spain in the EU
    • European information network of Andalusia
    • EU official journal
  • ABOUT US
    • Presentation
    • People
    • Contact

Creative Commons LicenseThis work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Copyright © 2021 CDE Almería · Legal terms · Privacy policy · Cookies policy