Vienna Insurance Group: Vienna Insurance Group has invested in Austrian biotech company Apeiron Biologics AG, which is currently working on a drug to treat COVID-19. Josef Penninger was involved in the development of the medication, which is being administered to a group of COVID-19 patients as part of a pan-European clinical trial. Due to the COVID-19 pandemic, the company is currently focusing on developing a drug to combat the disease. By collaborating with Apeiron, VIG-Group is aiming to play its part in the fight against COVID-19, which in turn will enable it to live up to its social responsibilities as a good corporate citizen. “As an insurer, our most fundamental task is to protect people against risks. In the current situation, health has become the focus of attention, and as a provider of life and health insurance, playing a part in safeguarding health and also in the prevention of diseases is one of our leading priorities. Our investment in Apeiron is a meaningful, long-term option that enables us to bring to life our promise of ‘protecting what matters’, while also keeping our economic goals in mind,” commented General Manager Elisabeth Stadler. Under its Agenda 2020 management programme, the Group has already implemented measures aimed at promoting health and well-being, and is stepping up its operations in the health insurance segment. The acquisition of a stake in Apeiron in the course of a capital increase is in line with this thrust, and dovetails seamlessly with the Group’s overarching strategy.
VIG: weekly performance:
(From the 21st Austria weekly https://www.boerse-social.com/21staustria (18/05/2020)
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