Release date: 18 May 2009
Promoter – Financial Intermediary
Orion OyjLocation
Description
The project covers Orion’s Research & Development activities in the period 2009 up to and including 2012. The focus of these activities is for projects that fall within Orion’s core areas of pharmaceutical expertise.
Objectives
The project covers Orion’s Research & Development activities in the period 2009 up to and including 2012. The focus of these activities is for projects that fall within Orion’s core areas of pharmaceutical expertise.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 75 million.
Total cost (Approximate amount)
Over EUR 300 million.
Environmental aspects
The project involves activities that will be carried out within existing R&D facilities, making use of existing laboratories, pilot plants, clinical centres, etc. An EIA is therefore not required by the EIA Directive 85/337/EEC, amended by Directive 97/11/EC. The promoter’s R&D facilities comply with relevant EU and environmental legislation.
Procurement
The R&D activities are mostly carried out by internal staff. The promoter carries out competitive enquiries among potential suppliers for goods and services. These procedures, which are typical for the industry, are in the best interests of the project and satisfactory to the Bank.
Status
Signed - 22/12/2009