FRANCE - Sofinnova leads EUR 6m DBV funding
Sofinnova Partners has provided EUR 4m as part of a EUR 6m financing round for biopharmaceutical company DBV Technologies, with the balance being supplied by new investor ALK-Abello, a leading worldwide immunotherapy company.
DBV Technologies specialises in the development of non-invasive epicutaneous diagnostics and immunotherapies for allergy. DBV will use the investment to progress Phase I clinical trials for its peanut allergy treatment. The company was founded in Paris in 2002 by two pediatric gastroenterologists and allergists.
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