Prognosis
France Increases Aid for Pharmaceutical Industry in Covid Fight
- State to offer EU300M to boost production of Covid medicines
- Extra funds to also help testing and vaccination strategy
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The French government said it will provide another 300 million euros for projects to quickly increase the production of vaccines and treatments for Covid, extending its previous pledges of state aid for the pharmaceutical sector.
Last year, the French government picked 17 projects for a total of 160 million euros of aid covering both mature and innovative medicines. Those investments were confirmed in the framework of a relaxation of European rules on state aid, which has since been extended to Dec. 31 2021.