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EU provides €117 million to seek treatment for COVID-19

The European Commission said another 117m euros would be provided to seek treatment for COVID-19. The funds will be directed to eight research projects.
The Commission allocates €72 million under the Horizon 2020 research programme, while a further €45 million will be provided by manufacturers of medicines. EU Commissioner Maria Gabriel, quoted in the communication, said that in order to tackle the pandemic and prepare for a possible new spread of the virus, we need to bring together the knowledge and resources of the public and private sectors.

On 4 May, the EC promised a total funding of €1.4 billion for the global response to the pandemic, with €1 billion to be provided through Horizon 2020 and focused on the development of vaccines, new treatments and diagnostic tools to prevent the spread of the disease. Since January, the commission has directed a total of 325 million euros under Horizon 2020, BTA adds.

Some of this funding is €48.2 million, provided to 18 research projects. A total of 94 organisations are involved in the projects - universities, research and community organisations, companies, noted in the Communication.