Release date: 4 November 2019
Promoter – Financial Intermediary
MABION SALocation
Description
The company is a Polish biotech company focused on the development and manufacturing of biosimilar drugs for the treatment of oncologic and autoimmune diseases. The project will cover research and development (R&D) costs related to both late- and early-stage development programmes, as well as capital expenditures for scale-up manufacturing in Poland.
Objectives
The proposed transaction will support R&D activities required to complete the development of the promoter's leading biosimilar drug and to move forward other products in the pipeline. Moreover, the project will also encompass the financing of capital investments required to scale-up the manufacturing process and increase the industrial capacity of the promoter.
Sector(s)
- Services - Professional, scientific and technical activities
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
EUR 97 million
Environmental aspects
The construction of the extension of the production facility falls under the Annex II of the Environmental Impact Assessment (EIA) directive (2014/52/EU amending the 2011/92/EU Directive), referring to the manufacture of pharmaceutical products. The Environmental Impact Assessment is currently under preparation by the promoter, following the guidelines of competent authorities, as it is required according to the construction plan for the expansion.
Procurement
The promoter is a private company not operating in the utilities sector and not having the status of a contracting authority. Thus, it is not covered by EU Directives on procurement. However, the promoter's procurement procedures are expected to be in line with EIB guidelines for private sector projects. The Bank's services will verify details during the project due diligence.
Status
Signed - 24/10/2019
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).