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Signature(s)

Amount
€ 80,000,000
Countries
Sector(s)
Italy : € 80,000,000
Industry : € 80,000,000
Signature date(s)
20/12/2010 : € 16,000,000
20/12/2010 : € 24,000,000
20/12/2010 : € 40,000,000
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Summary sheet

Release date
28 April 2010
Status
Reference
Signed | 20/12/2010
20090464
Project name
Promoter - financial intermediary
Chiesi Farmaceutici R&D II

Chiesi Farmaceutici SpA

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 80 million.
Approximately EUR 170 million.
Location
Sector(s)
Description
Objectives

The project consists of Chiesi’s research and development activities in Italy and partly (8%) in the UK, oriented towards (i) respiratory diseases, (ii) specific technology platform (nebulised and pulverised dosage forms) and (iii) infant respiratory distress syndrome (IRDS) or neonatal respiratory distress syndrome (NRDS).

Improving the health of European citizens and increasing the competitiveness and boosting the innovative capacity of European health-related industries and businesses, while addressing global health issues including emerging epidemics, is one of the key objectives of the FP-7 on research. This research focuses, inter alia, on respiratory diseases including those induced by allergies, as they have a high impact on the quality of life.

Environmental aspects
Procurement

R&D activities included in the project will not materially change current R&D practice and will be carried out within existing facilities, making use of existing laboratories, pilot plants, clinical centres, etc. An Environmental Impact Assessment (EIA), therefore, is not required by EU Directive 97/11 amended by Directive 2003/35.

The promoter is a private company, not operating in the Utilities sector and therefore not covered by EU Directives on procurement. Procedures followed are in the best interest of the project and satisfactory to the Bank.

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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).

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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