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EU clears $2.2 bln Dutch state help for medical isotopes for cancer treatment

The Netherlands on Friday secured EU approval for 2 billion euros ($ 2.2 billion) of state aid to develop an atomic power plant to produce medical isotopes for cancer treatment.

The European Commission, which serves as the EU competitors enforcer stated the assistance assists ensure the security of supply of essential and live-saving medicines, validating a story on Thursday.

The Netherlands, a leading producer of medical isotopes, proposed a new atomic power plant for medical isotopes following issues that scarcities would develop after 2030.

The aid includes loans and equity for an overall amount of about 2 billion euros to a newly established business (NewCo). that will build and run the reactor that produces the. medical isotopes and the nuclear health centre.

The Dutch authorities have committed to making sure that. NewCo, when operating PALLAS, will price its products at a level. overing all expenses related to their production and. commercialisation, the EU competitors watchdog stated.

This 2 billion euro step makes it possible for the Netherlands to. support a tactical job contributing to the securing of. supply of vital medicines and to the development of. advancement development in the field of nuclear innovation to. the benefit of European citizens, EU antitrust chief Margrethe. Vestager said.

(source: Reuters)