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Bpifrance, Kurma Partners, Angelini Pharma, Evotec, and Institut Pasteur led a $59m investment in Argobio.

Financials

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Transaction Value£42m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Biotechnology

France

Private

Friendly

Completed

biotechnology company

Venture Capital

Acquisition

Cross Border

Minority

Private Equity

Synopsis

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Bpifrance, Kurma Partners, Angelini Pharma, Evotec, and Institut Pasteur led a $59m investment in Argobio, start-up studio dedicated to life sciences. “Building on our BRIDGE strategy and partnerships, we continue to be dedicated to making Evotec’s all-modality technology platforms available to validate and accelerate therapeutic concepts from toptier academic institutions globally. As an investor into Argobio, we are delighted to work with a group of distinguished partners and entrepreneurs to build companies committed to the maturation of first-in-class therapeutics towards drugs that which will change patients’ lives and cure diseases with some of the highest medical needs,” Werner Lanthaler, Evotec CEO.

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