| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/09/959 (18.06.09) |
| Publication Date | 18/06/2009 |
| Content Type | News |
|
The European Commission decided not to raise any objections under the EC Treaty state aid rules to the financial support of €33 million granted by France to Carmat's R&D programme. The lead company, Carmat S.A.S., backed up by four industrial partners and a large number of SMEs acting as subcontractors, will have the task of designing and developing an artificial heart that is fully implantable, together with the associated electrical supply and telediagnostic systems. After scrutiny, the Commission concluded that the programme was compatible with the R&D&I framework. In particular, it remedied a market failure, and it will have a positive impact, especially in the public health sector, without significantly altering competition conditions. |
|
| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/959&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Internal Markets |
| Countries / Regions | France |