European Commission Approves €400 Million German State Aid for Insulin Supply
The European Commission has cleared a €400 million German measure to support Sanofi-Aventis Deutschland GmbH in boosting insulin supply resilience.
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The European Commission has approved a €400 million German State aid measure under European Union rules to strengthen the resilience of the supply of human insulin and insulin analogues. According to the European Commission, the funding is directed in favour of Sanofi-Aventis Deutschland GmbH.
Under this measure, Germany will provide Sanofi with a public service compensation. This compensation is designed for the company to deliver a service of general economic interest concerning the production and supply of insulins.
Source: European Commission. Read the original report ↗
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This brief is based on reporting by European Commission.