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23 million euros cleared for R&D of Novartis vaccines

By  |  May 8, 2012
23 million euros cleared for R&D of Novartis vaccines

The European Commission has cleared €23 million of proposed funding for Novartis Italy to develop vaccines in developing countries. After its assessment for R&D&I aid (research, development and innovation), the Commission has found that the support addresses a genuine market failure and stimulates research in the EU. Novartis’ project will create innovative vaccines at affordable prices. The project is also supported by the Gates Foundation and is expected to incur €76.9 million in R&D over five years.

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    Full content: EC Press Release

     

    Related content: Revision of the EU Competition Rules on Cooperation in Research & Development and Production: Scope for Further Improvement (Axel Gutermuth, Arnold & Porter)

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