AGF leads €13.1m round for Genticel
AGF Private Equity has led a €13.1m round for biotech business Genticel alongside three new investors: Institut Régional de Développement Industriel (IRDI), Amundi Private Equity Funds and CDC Entreprises’ InnoBio fund.
Historical investor Edmond de Rothschild Investment Partners (EdRIP), also participated in the round.
Labège-based biotech firm Genticel spun out of l¹Institut Pasteur, and until February 2010 operated under the name BT Pharma. The company employs 21 people and specialises in the development of immuno-therapeutic products aimed at preventing cervical cancers caused by the Human Papilloma Virus (HPV).
The firm's first product ProCervix will start phase I clinical trials in the second half of this year.
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