The EU Has Allocated €117 Million For Eight Projects To Fight The Pandemic
Five of these projects are devoted to the development of new diagnostic capabilities, and three are devoted to the study of treatment methods.
The European Commission has allocated €117 million to Finance eight major projects to combat the coronavirus pandemic. This was announced on Tuesday at a video briefing by the official representative of the European Commission Eric Mamer.
"The European Commission has selected 8 major projects in the field of treatment and diagnosis of coronavirus, which will receive funding in the amount of €117 million," he said.
According to materials published on Tuesday by the European Commission, five of these projects are devoted to the development of new diagnostic capabilities, and three are devoted to the study of treatment methods. In particular, we are talking about developing tests that can be used at home and that should guarantee the result with high accuracy for a maximum of 40 minutes.
A total of 94 organizations are involved in these projects, including universities, private and public research institutions, and pharmaceutical companies. Small and medium-sized medical enterprises will receive up to 20% of this funding.