European Biotech Act: New initiative to mobilize €10 billion investment for Europe’s biotech sector

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The European Commission and the European Investment Bank (EIB) Group have announced an initiative to mobilize €10 billion in investment in 2026-27 into the biotech and life sciences sector. The project aims to give a significant boost to the EU’s competitiveness in biotechnology, by addressing the EU’s current investment gap and mobilizing public-private investment into promising new health solutions.