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According to the Bank’s website, the project will support Bayer, an EU-based promoter, in its Research & Development (R&D) activities concerning its Pharmaceutical business.
In detail, R&D refers to its pharmaceutical product pipeline targeting unmet medical needs, in particular related to therapeutic areas of Cardiology, Oncology care, Ophthalmology, Women's Healthcare, Radiology as well as Cross-disease research platforms and other R&D project work.
The project supports an European promoter in its efforts to foster its competitive position in high value-added products by investing in R&D activities. It contributes to the targets of Horizon Europe priorities of strengthening the EU's scientific and technological foundations and European Research Area (ERA) and increasing innovation capacity, competitiveness, and the number of jobs in Europe. Moreover, the project corresponds to Article 309 point (c) Common interest, contributing to the PPG "Innovation, Digital and Human Capital RDI".
The products developed as a result of the project will address unmet medical needs, positively supporting the European effort in advancing the Sustainable Development Goal SDG3, "Ensure healthy lives and promote well-being for all at all ages". As such, the project would also improve the possibilities of social inclusion of people suffering from debilitating diseases including neglected diseases as addressed under this project, therefore the social value of the project is considered to be positive.
The R&D activities are expected to be carried out in existing facilities that are already used for the same purposes and that are not expected to change their scope due to the project. An Environmental Impact Assessment (EIA) is therefore not needed as per EIA Directive 2014/52/EU (amending Directive 2011/92/EU).
The full environmental details will however be investigated by the Bank's services during the project due diligence.
Bayer Aktiengesellschaft produces and markets healthcare and agricultural products. The Company manufactures products that include aspirin, antibiotics, anti-infectives, cardiovascular, oncology, central nervous system drugs, over-the-counter medications, diagnostics, and animal health products. Bayer Aktiengesellschaft serves customers in the States of Germany.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| - | - | - | - | Bayer AG | Client | - |
No contacts available at the time of disclosure.
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