According to the Bank’s website, the project will finance the research, development and innovation activities of Protembis, a German MedTech company, designing a "best-in-class" catheter-based embolic protection device.

The aim is to finance a device that will help to minimise the risk of stroke, silent infarcts and other neurological injuries during cardiovascular interventions, such as transcatheter aortic valve implantation (TAVI).

The promoter's investments concern RDI activities that are expected to be carried out in existing facilities already authorised for the same purpose and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU.

Research and development activities, such as those present in this project, neither present significant negative nor positive impacts for climate aspects. The Promoter is in scope but screened out of the PATH framework as it does not operate in a high emitting sector and is not considered as a highly vulnerable counterpart.

The Project does not have significant negative social impacts, as the Promoter is expected to carry out its activities in compliance with applicable local labour and social standards. For pre-clinical and clinical trials, the Promoter retains the services of subcontractors (such as Clinical Research Organisations) and relies on their official policies, processes, and qualifications, considering the high level of scrutiny and responsibility involved in such operations.

Protembis is an Aachen, Germany based medical device startup. It develops a novel catheter-based filter device for use during cardiac interventions. The device is designed to minimize the risk of stroke and other neurological injury during these interventions – particularly during transcatheter aortic valve replacement procedures (TAVR/ TAVI).

No contacts available at the time of disclosure.

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