Government announces €40m investment in cancer treatment

Page created: Wednesday, 4 February 2015 14:49 GMT

Cancer  Health  Healthcare  IPO  Oncology  Portugal

Portugal’s government on Wednesday announced an investment of €40 million in the treatment of cancer patients at the Portuguese Institutes of Oncology of Lisbon, Porto and Coimbra, with half the money to come from central government and much of the rest from European Union funds.

The announcement was made by the ministry in a statement to mark World Cancer Day that also noted that the disease is the main cause of premature death before the age of 70 and ranks second for all ages.

“Part of this investment will be made thanks to the self-financing capacity of the units, another through a bid for EU funds, and yet another part through the injection of state capital, up to 20 million euros to be realised this year,” the statement said.

In 2014, it noted, major investment in the three oncology institutes amounted to some €8 million.

According the ministry, projections for Portugal point to a 12.6% increase in the number of cases this year, with more than 20,000 expected to die of cancer, as last year.