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Record fundraising for the young French biotech Mnemo


INFO LE FIGARO - Specializing in cancer, the company is raising 75 million euros under the aegis of the Sofinnova fund.

This is the most important round of funding ever carried out in France by a biotech for a first fundraising.

The French company Mnemo Therapeutics has raised 75 million euros under the aegis of Sofinnova Partners, one of the main European funds specializing in health, and the New Yorker Casdin Capital, joined by several international investors (Redmile, Emerson Collective , Alexandria Venture Investments).

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Created in 2019, Mnemo specializes in cell therapy for the treatment of cancer.

"These are real breakthrough innovations discovered by world-renowned researchers,"

enthuses Antoine Papiernik, head of Sofinnova Partners.

The objective is to fund the company for the next two and a half years until the launch of its clinical trials. ”

Mnemo was born from a transatlantic collaboration between a French researcher from Argentina officiating at the Institut Curie, Dr Sebastian Amigorena, and a French emigrated to the United States,

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Source: lefigaro

All business articles on 2021-06-19

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