UNQUOTE

FRANCE - France claims European crown for biotech and pharma

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In 2006, French biotech and pharmaceutical companies attracted more venture money than those of any other European country, according to data compiled by unquote".

They raised a total of EUR 169m, against the UK’s EUR 154m, and Denmark’s EUR 100m. France’s three largest deals Cerenis Therapeutics, Novagali Pharma, and Cytheris, contributed more than half of the year’s total. The trend is looking likely to continue, with the closing in January 2007 of Novexel’s huge EUR 50m series-B round. (See France unquote" April 2007.)
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