Global Trade Alert
Global Trade Alert

Finland: European Innovation Council provides Faron Pharmaceuticals with equity

Announcement

12 Feb 2021

In February 2021, the European Commission announced support in the form of equity to Faron Pharmaceuticals as part of the European Innovation Council and its fund (see related state act). 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

12 Feb 2021

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 12 February 2021, the European Commission announced support in the form of equity to Finnish company Faron Pharmaceuticals to the value of EUR 10 million (approx. USD 12.1 million). The equity is m...

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