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EIB grants financing to Biofrontera
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EIB grants financing to Biofrontera
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title: EIB grants financing to Biofrontera
text: The European Investment Bank (EIB) will grant financing of up to EUR 20 million to the German biopharmaceutical company Biofrontera AG. The loan agreement has been signed today in Luxemburg. EUR 10m will be available for disbursement from signature, and further installments will be disbursed based on pre-defined commercial and regulatory milestones. EIB's transaction with Biofrontera was made possible by the support of the "European Fund for Strategic Investments" (EFSI). EFSI is the central pillar of the "Investment Plan for Europe", in which EIB Group and the European Commission are strategic partners.
copyright: EIB / Biofrontera AG