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    Signature(s)

    Amount
    € 25,000,000
    Countries
    Sector(s)
    Italy : € 25,000,000
    Industry : € 25,000,000
    Signature date(s)
    9/05/2018 : € 25,000,000

    Summary sheet

    Release date
    28 June 2017
    Status
    Reference
    Signed | 09/05/2018
    20170327
    Project name
    Promoter - financial intermediary
    ADVANCED DRUGS MANUFACTURING
    BSP PHARMACEUTICALS SPA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 25 million
    EUR 55 million
    Location
    Sector(s)
    Description
    Objectives

    The operation concerns the financing of the promoter's capital expenditure aimed at increasing production capacity for injectable anti-cancer drugs as well as research, development and innovation (RDI) expenses over the period 2017-2019.

    The project is expected to support the growth of the group and the development of new anti-cancer drugs through RDI activities. Moreover, the capital investments target the expansion of the installed production capacity at the promoter's existing manufacturing site.

    Environmental aspects
    Procurement

    All project activities are expected to be carried out in existing facilities without changing the already authorised scope and would therefore not require an environmental impact assessment (EIA) under Directive 2014/52/EU amending the EIA Directive 2011/92/EU.

    The promoter is a private company not operating in the utilities sector and not having the status of a contracting entity. Thus it is not covered by EU rules on procurement.

    Comments

    BSP Pharmaceuticals' established product leadership as a contract development manufacturing organisation (CDMO) in providing first-line chemotherapy drugs provides a foundation on which to build a further portfolio of oncological pharmaceuticals to be used in Europe and beyond.

    Related projects

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - ADVANCED DRUGS MANUFACTURING
    Publication Date
    1 Mar 2018
    Document language
    Main Topic
    Lending
    Document Number
    76515811
    Document Focus
    Environmental Information
    Project Number
    20170327
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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