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Joint Effort Against Malaria: EU Institutions Launch €110 Million Fund

Strategic Insights

— 1 min read

The European Investment Bank, European Commission, and Investitionsbank Berlin have launched the EU Malaria Fund, a €110 million initiative aimed at combatting malaria through innovative solutions. The fund will support research and development, with a focus on affordable and effective treatments. Key players in the healthcare sector, including the Bill & Melinda Gates Foundation, have invested in the fund, demonstrating a collective commitment to tackling the deadly disease.

Key Takeaways:

  • The EU Malaria Fund has an initial investment of €64 million from the European Commission and the European Investment Bank.
  • The fund aims to bridge the gap between molecule and market for innovative solutions to prevent and treat malaria.
  • Complementary investments come from IBB, Bill & Melinda Gates Foundation, Fondazione Monte Dei Paschi Di Siena, Jacques und Gloria Gossweiler Stiftung, Invethos AG, FINDdx, and Novartis AG.
  • Ambroise Fayolle, EIB Vice President, highlighted the potential impact of the fund: "If we are lucky, our fund can be a life-saver for hundreds and thousands of people every year."
  • Mariya Gabriel, European Commissioner, emphasized the EU's partnership in combatting infectious diseases: "We are joining forces with other investors to protect health and save lives."
  • The fund will finance companies through venture debt, with the first two investments expected to go to AchilleS Vaccines and Themis Bioscience GmbH.
  • The EU Malaria Fund is seen as a model for addressing similar market failures in other disease areas.

Statistics:

  • €110 million: the total EU contribution to the EU Malaria Fund.
  • €64 million: the initial investment from the European Commission and the European Investment Bank.
  • 2: the number of companies expected to receive investments from the fund, namely AchilleS Vaccines and Themis Bioscience GmbH.

Sources:

  • M2 PressWIRE, "Joint against malaria: European Investment Bank, European Commission and Investitionsbank Berlin inaugurate €70 million fund" (June 3, 2020).

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