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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Finland : € 100,000,000
    Services : € 100,000,000
    Signature date(s)
    18/01/2019 : € 100,000,000
    Link to source

    Summary sheet

    Release date
    30 January 2019
    Status
    Reference
    Signed | 18/01/2019
    20180275
    Project name
    Promoter - financial intermediary
    ORION CORE THERAPEUTIC RDI
    ORION OYJ
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 336 million
    Location
    Sector(s)
    • Services - Professional, scientific and technical activities
    Description
    Objectives

    The project concerns Research and Development (R&D) investments in core therapeutic areas to be implemented in the period 2018-2020 .

    The investments cover RDI expenditures of the clinical and regulatory development of Orion's product range. By co-investing in this project, the EIB contributes to make treatments available for diseases that are a high priority for the healthcare system and enables the creation of scientific knowledge.

    Environmental aspects
    Procurement

    All of the project activities are expected to be carried out in existing facilities and laboratories without changing their already authorised scope and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU, as amended. Nevertheless, the Bank's services will review during the project appraisal whether any of the investments require an EIA, as well as any other environmental details of the project.

    The promoter is a private company, not operating in the utilities sector and does not have the status of a contracting authority; thus the project is not subject to the EU directives on procurement.

    Link to source

    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) - ORION CORE THERAPEUTIC RDI
    Publication Date
    13 Mar 2019
    Document language
    Main Topic
    Lending
    Document Number
    86243600
    Document Focus
    Environmental Information
    Project Number
    20180275
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - ORION CORE THERAPEUTIC RDI
    Publication Date
    25 Dec 2021
    Document language
    Main Topic
    Lending
    Document Number
    151840435
    Document Focus
    Environmental Information
    Project Number
    20180275
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    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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