FranceFrance

Dramatic drop in biotech investment: France Biotech survey results for 2008/2009

14.04.2010

Paris – The crisis over the last two years has significantly impacted investment levels in the French life science industry. This is one of the results of the 2008/2009 "Panorama" survey of the French and global life science industry presented by the industry organisation France Biotech on April 13th.
According to the study, the total amount of new venture capital investment fell from EUR151 million in 2008 to EUR65 million in 2009 - a 56% drop. Of the EUR65 million invested, EUR22 million went to seed- phase and Series A rounds of financing, with an average investment of EUR1.3 million. Even though the total amount of seed funding fell, the number of transactions remained stable (18 in 2008 and 17 in 2009) and emphasized continuing investor interest in life science. In contrast, the value of second and third rounds of financing fell strongly, down from EUR115 million in 2008 to EUR43 million in 2009. Even though the number of transactions remained stable in 2009 (16), the average investment fell by 76%.The figures further illustrated a relative slowing of the increase in turnover – increasing by just 2% between 2007 and 2008- versus 67% between 2006 and 2008. Thanks to public-sector policies and funding in favour of research, the authors of the report concluded that R&D investment efforts continued on roughly the same level. Late 2008 and then 2009 were marked by the French government's stimulus package in response to the global economic crisis, with creation of the €20 billion Fonds Stratégique d’Investissement (FSI) sovereign fund in December 2008. The pharma/biotech sector accounts for 10% of the investment opportunities reviewed by the FSI and is the second-ranked industrial sector in terms of actual investments, the study says.

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05.01.2012

Stockholm/Suresnes - Swedish BioInvent International AB and French Laboratoires Servier are working together on an oncology target. Under the terms of the agreement, Servier will engage BioInvent to screen its proprietary library...

FranceFrance

17.12.2011

Romainville – Cellectis SA has completed its acquisition of Cellartis AB, which provides stem cell-based in vitro R&D tools, in a cash and stock deal valued at €29.1m (US$39.9m). Cellartis shareholders received 1.9 million...

FranceFrance

01.11.2011

Paris – One of the biggest European biotech deals of 2011 is now sealed. As announced in September, the shareholders of French genome engineering specialist Cellectis approved the takeover of Swedish Cellartis, the European...

FranceFrance

26.10.2011

Paris - Sanofi and MS patients can breathe a sigh of relief. At an MS congress in Amsterdam, the company presented impressive results of a phase III trial comparing alemtuzumab with subcutaneous Rebif interferon beta-1a in 581...

FranceFrance

20.10.2011

Paris/Boulder – French drugmaker Servier has secured the rights for two miroRNA drug candidates from US-biotech MiRagen. Both companies clinched a partnership agreement under which Servier would fund the research, development and...

FranceFrance

10.10.2011

Paris/Hyderabad – Sanofi Aventis believes in India. The pharmaceutical company announced the opening a state-of-the-art vaccine manufacturing facility, believed to be Asia's biggest, in March 2012. In the coming years Sanofi will...

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01.10.2011

Paris – Nanobiotix S.A. is entering the clinical stage with its NanoXray nano­particle therapy, which aims to increase the efficacy of radiotherapy without increasing dosage. In mid-September, the French nano­medicine company...

Sweden, FranceFrance

16.09.2011

Paris – For €16.4m in cash and roughly €12m in shares, French genome engineering specialist Cellectis has taken over Swedish Cellartis. Cellartis is the European leader in stem cell-derived cardiomyocytes and hepatocytes. With 62...

Germany, FranceFrance

09.09.2011

Luxembourg - Disorientation reigns in green biotechnology in Europe. Two decisions by the European Court of Justice regarding genetically modified crops point in different directions. On Thursday the judges left the opponents of...

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