European Investment Bank Agrees To Lend €30 Mn To Polish Biotech Firm Mabion- Details Here!

Mabion will use the financing for a wide-ranging Research and Development programmes.

European Investment Bank Agrees To Lend €30 Mn To Polish Biotech Firm Mabion- Details Here!  European Investment Bank Agrees To Lend €30 Mn To Polish Biotech Firm Mabion- Details Here! mabion biotech e1572261279483
European Investment Bank Agrees To Lend €30 Mn To Polish Biotech Firm Mabion- Details Here!

The European Investment Bank (EIB) on 24th of October agreed to lend EUR 30 million to Mabion, a Polish biotech company, to finance its growth plans.

How does EIB loan help young biotech sector?

According to EIB’s statement, Mabion will use the financing for a wide-ranging research and development programme, conducting clinical trials, as well as expending its manufacturing capacities with state-of-the-art equipment.

The company expects to employ 96 additional staff as a result of this financial booster.

The project is the first in Poland to benefit from the EFSI-backed European Growth Finance Facility, which specialises in venture debt.

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