Facts and Figures 2014 December 2014
-
Upload
francebiotech -
Category
Documents
-
view
211 -
download
7
description
Transcript of Facts and Figures 2014 December 2014
Updated on 12/30/2014 2014 – Facts and Figures 1
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
December 2014
Facts and Figures
« We are the present and the future of the Life Sciences Industry, about to succeed in our task: put to the market products willing to meet the patients demand. What a journey and still a lot of achievements to come! »
Pierre-Olivier GOINEAU, President of France Biotech
Updated on 12/30/2014 2014 – Facts and Figures 2
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Table of Contents
France Biotech in a few words ............................................................................... 3
General Information................................................................................................ 4
Company Creations and Liquidations.................................................................... 5
Company Size ........................................................................................................ 6
Revenues ................................................................................................................ 7
Total R&D Expenses .............................................................................................. 8
List of the 10 most reimbursed drugs in 2013 ....................................................... 9
Top 15 selling drugs 2013 vs. 2020 ..................................................................... 10
Top 10 worldwide fundraisings in 2013 ............................................................... 11
Publicly-listed biotechnology companies ............................................................. 12
Market Capitalization of the 54 French Life Sciences companies on December
29th, 2014* ............................................................................................................ 23
Distribution of French Life Sciences companies by Industry Sector .................. 24
Fundraising by French Biotech companies ......................................................... 25
Mergers and Acquisitions in France and Europe ................................................ 38
Recent Operations* .............................................................................................. 39
Main venture capital actors in the French Life Sciences Industry ...................... 48
Financial support from Bpifrance and the ANR ................................................... 49
Competitiveness Clusters .................................................................................... 51
Updated on 12/30/2014 2014 – Facts and Figures 3
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
France Biotech in a few words Founded in September 1997
156 members among which 20 new in 2014
7 work groups:
o Corporate Finance
o Social and legal o Diagnostics o Business development
o Development of new therapeutic products o Innovative Medical devices & Diagnostics o Jurists
o Industrial production
Annual studies:
o Panorama of the French Life Sciences Industry® o The French Life Sciences Industry Association Directory
o Salary survey of the French Life Sciences Industry
17 entrepreneurs on the Board of France Biotech!
France Biotech is the association of French companies in the Life Sciences sector and their partners. Its mission is to contribute to domestic growth in this innovative industry and to support France’s leadership role within the European
Life Sciences community. More specifically, France Biotech acts as an engine of change by interacting with the government, economic organizations, academic institutions, the media and the investor community to ensure the prioritization of
the Life Sciences sector in France and the improvement of the economic, legal, regulatory and managerial environments for this important industry.
Updated on 12/30/2014 2014 – Facts and Figures 4
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
General Information
First French Biotechnology company: Cayla founded in 1977
Number of publicly-listed companies: 54 in December 2014 among which 27 on Euronext, 25 on Alternext and 2 on the Nasdaq
First publicly-listed company: Flamel Technologies in 1996, Genset in 1996 and Transgene in 1998
First French company listed on European stock exchange: Cerep on
the NYSE Euronext in February 1998
First company with FDA New Drug Application approval: Flamel
Technologies in December 2005
Most recent public listings: PIXIUM VISION on June 17, 2014; DBV
TECHNOLOGIES on October 22, 2014 on the NASQAQ
Number of French companies granted ‘Young Innovative Company’ status in 2013: 96 (vs. 93 in 2012) (Source: Panorama of the French Life Sciences Industry®, 2013)
Patents cliff: 10 « Blockbusters » with a revenue up to $1bn
concerned in 2013 (among which Eli Lilly’s « Cymbalta© », Biogen Idec’s « Avonex© », Merck’s « Rebif© », Roche’s « Xeloda© », Johnson & Johnson’s « Procrit© » and Amgen’s « Neupogen© »),
representing a revenue loss of $29bn. (Source : EvaluatePharma 2013)
27 new molecules with FDA approval in 2013 among which 6 stem
from biological products (vs. 39 with FDA approval in 2013 among which 9 stem from biological products) (Source: Nature biotechnology, vol 32,
number 2, February 2014)
BioAlliance Pharma is the first French Life Sciences company to
obtain the new drug marketing approval in the United States with the launch of Loramyc© known as Ovarig©.
Updated on 12/30/2014 2014 – Facts and Figures 5
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Company Creations and Liquidations
(Source : France Biotech 12/31/2013)
In 2013, the Life Sciences sector showed its dynamism by generating a creation of 55 companies (+ 12% vs. 2012). This dynamism is stained by an increase in
companies’ liquidations since the sector suffers from 40 liquidations (+ 285% vs. 2012) during the same period showing the difficulty to persist in the sector.
Despite a crisis context, The French Life Sciences companies must pursue their efforts in terms of investments and innovation. For a large number of small and mid-size companies, there is no room for complacency since the prospects for
growth remain fragile; some of them had no choice but to shut down their activity.
Updated on 12/30/2014 2014 – Facts and Figures 6
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Company Size
4,620 people in total are employed in this innovative sector making an average of 20 people per company in 2013 (vs. 4,150 people in 2012).
Company size in terms of number of employees in May 2013
(Source: Panorama of the French Life Sciences Industry 2013 - France Biotech)
133
36
36
9
0 20 40 60 80 100 120 140
From 1 to 10
From 11 to 30
From 31 to 99
100 and more
Number of companies
Nu
mb
er
of
em
plo
yee
s
Updated on 12/30/2014 2014 – Facts and Figures 7
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Revenues
Biotech Pharma
Total revenues for the French biotechnology industry in 2013: €278 million (vs. €251 million in 2012) (Source : France Biotech Panorama 2013, n=214 companies surveyed)
Revenue of the 54 French publicly-listed companies in 2013: €575 million (vs. €524 million in 2012) (Source : France Biotech)
Total revenues for the French pharmaceutical industry in 2013: €53 billion (vs. €52.5 billion in 2012) (Source : Leem)
In 2013, revenues from medicines sold
in France were €26.7 billion, a
decrease of -1.67% from 2012 (Source : Leem)
Exports of medicine raise to €26.3 billion in 2013, an increase of +4.0%
from 2012 (Source : Leem)
Updated on 12/30/2014 2014 – Facts and Figures 8
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Total R&D Expenses
R&D expenditures in biotechnology in 2012/2013:
Europe: 4.834 billion USD in 2013 vs. 5.020 billion USD in 2012 (Source: Beyond Borders Ernst & Young report 2014)
USA: 23.3 billion USD in 2013 vs. 19.4 billion USD in 2012 (Source: Beyond Borders Ernst & Young report 2014)
Canada: 315 million USD in 2013 vs. 360 million USD in 2012 (Source: Beyond Borders Ernst & Young report 2014)
Updated on 12/30/2014 2014 – Facts and Figures 9
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
List of the 10 most reimbursed drugs in 2013
(Source: PharmaGeek, April 2014)
Rank Product Therapeutic indication Company
Amount
reimbursed in
2013 (million)
Total evolution
2013 vs.2012
Rank in
2012
1 LUCENTISTreatment of wet age-related
macular degeneration (wAMD)Novartis €428.6 +10.2% 1
2 HUMIRATreatment of moderate to
severe rheumatoid arthritisAbbVie €382.8 + 10.6% 2
3 CRESTOR
Treatment for cholesterol-
lowering medicines called
statins
Astra-Zeneca €342.8 +1.4% 3
4 DOLIPRANETreatment for Fever, Muscle
Pain, Pain and SciaticaSanofi €315.0 +14.1% 5
5 ENBRELTreatment of moderate to
severe rheumatoid arthritisAmgen €278.1 +2% 6
6 SERETIDE Treatment of asthma GSK €274.8 -5.3% 4
7 LANTUS Antidiabetic Drug Therapy Sanofi €221.5 +8.6% 9
8 TRUVADA Treatmant for HIV Gilead Sciences €203.3 -1.5% 8
9 INEGY
Indicated as adjunctive
therapy to diet for use in
patients with primary
Merck €179.0 +4.4% 13
10 GLIVEC Treatment for cancer Novartis €178.8 +1.7% 11
Updated on 12/30/2014 2014 – Facts and Figures 10
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Top 15 selling drugs 2013 vs. 2020
(Source: Evaluate Pharma, May 2014)
Product Company Therapy area 2013 2020e Year of first
launch
Sovaldi +
combo pill Gilead Sciences Hepatitis C therapy
0.14 13.12 2013
Humira AbbVie/Eisai Anti-rheumatic 11.02 12.57 2003
Lantus Sanofi Anti-diabetic 7.59 10.02 2000
Enbrel Amgen/Pfizer/Takeda Anti-rheumatic 8.78 8.58 1999
Remicade J&J/Merck/Mitsubishi Tanabe Anti-rheumatic 8.39 8.40 1998
Januvia +
Janumet Merck & Co Anti-diabetic
5.83 6.89 2006
Avastin Roche Cancer antibody 6.75 6.57 2004
Xarelto Bayer/J&J Anti-coagulant 1.95 6.44 2008
Nivolumab Bristol-Myers Squibb/Ono Cancer antibody – 6.33 TBC
Revlimid Celgene Immunomodulator 4.28 6.23 2006
Prevnar 13 Pfizer Vaccine 3.86 6.03 2009
Tecfidera Biogen Idec Multiple sclerosis 0.88 5.74 2013
Rituxan Roche Cancer antibody 7.50 5.61 1997
Eylea Regeneron/Bayer/Santen Macular
degeneration
2.03 5.59 2011
Soliris Alexion Pharmaceuticals
Rare
haematological
conditions
1.55 5.12 2007
Top 15 selling drugs in 2020
Global sales ($bn)
Updated on 12/30/2014 2014 – Facts and Figures 11
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Top 10 worldwide fundraisings in 2013
(Source: Evaluate Pharma, World Preview 2014, Outlook to 2020, October 2014)
Company Country Industry Type Operation DateTotal Amount
($m)
Intrexon US Biotech mai-13 150
Juno Therapeutics US Biotech déc-13 120
Moderna Therapeutics US Biotech nov-13 110
Symphogen Denmark Biotech mai-13 98
Ganymed Pharmaceuticals Germany Biotech nov-13 64
PTC Therapeutics US Biotech mars-13 60
Arrowhead Research US Biotech oct-13 60
Intra-Cellular Therapies US Biotech sept-13 60
Dicerma Pharmaceuticals US Biotech août-13 60
Trevena US Biotech mai-13 60
Updated on 12/30/2014 2014 – Facts and Figures 12
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Publicly-listed biotechnology companies
Source: France Biotech, June 2014
7 new public listed companies in 2013 for a total amount raised of 153 €m, which represents an increase of 5% (vs. 2012). In S1 2014, 9 new public listed companies have already been registrated, in the French stock exchange, for a
total amount of 237 €m.
2014 10 IPOs
DBV Technologies (Nasdaq) => €90m
SuperSonic Imagine => €50m
Fermentalg => €40.4m
Pixium Vision => €34.7m
Genticel => €34.5m
Genomic Vision => €20.3m
Crossject => €17.4m
TxCell => €16.2m
Oncodesign => €12.8m
Theraclion => €10.9m
2013 7 IPOs
LDR (Nasdaq) => €75m
Medtech => €20m
Erytech Pharma => €17.7m
Implanet => €14.1m
Carbios => €13.1m
Spineguard => €8.1m
Spineway => €4.9m
Updated on 12/30/2014 2014 – Facts and Figures 13
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
AB Science:
Date of IPO: April 26th, 2010
Funds raised from IPO: €16.5 million
Share price at entry: €12.65
Price on December 29th, 2014*: €11.60
Market Capitalization on December 29th, 2014: €339 million
Adocia:
Date of IPO: February 14th, 2012
Funds raised from IPO: €25.3 million
Share price at entry: €15.88
Price on December 29th, 2014*: €47.70
Market Capitalization on December 29th, 2014: €283 million
Biosynex:
Date of IPO: March 21st, 2011
Funds raised from IPO: €3.026 million
Share price at entry: €7.60
Price on December 29th, 2014*: €3.25
Market Capitalization on December 29th, 2014: €5 million
Carbios:
Date of IPO: December 19th, 2013
Funds raised from IPO: €13.1 million
Share price at entry: €14.03
Price on December 29th, 2014*: €12.70
Market Capitalization on December 29th, 2014: €49 million
Carmat:
Date of IPO: July 13th, 2010
Funds raised from IPO: €16 million
Share price at entry: €18.75
Price on December 29th, 2014*: €63.60
Market Capitalization on December 29th, 2014: €284 million9s
Cellectis:
Date of IPO: February 7th, 2007
Funds raised from IPO: €24.4 million
Share price at entry: €12.49
Price on December 29th, 2014*: €12.50
Market Capitalization on December 29th, 2014: €348 million * Close
Source: Les Echos Bourse
Updated on 12/30/2014 2014 – Facts and Figures 14
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Crossject:
Date of IPO: February 2014
Funds raised from IPO: €17.4 million
Share price at entry: €8.38
Price on December 29th, 2014*: €8.80
Market Capitalization on December 29th, 2014: €58 million
DBV Technologies (NASDAQ, NYSE):
Date of IPO (NYSE): March 28th, 2012
Date of IPO (NASDAQ): October 22nd, 2014
Funds raised from IPO (NYSE): €40 million
Funds raised from IPO (NASDAQ): €90 million
Share price at entry (NYSE): €8.86
Price on December 29th, 2014* (NYSE): €43.70
Market Capitalization on December 29th, 2014 (NYSE): €839 million
Deinove:
Date of IPO: April 2010
Funds raised from IPO: €11.3 million
Share price at entry: €8.33
Price on December 29th, 2014*: €6.69
Market Capitalization on December 29th, 2014: €37 million
Diagnostic Medical Surgical:
Date of IPO: 1998
Price on May 31, 2013: €0.23
Market Capitalization on May 31, 2013: €17.12 million
Price on December 29th, 2014*: €0.16
Market Capitalization on December 29th, 2014: €21 million
Diaxonhit:
Date of IPO: November 17th, 2005
Funds raised from IPO: €7.9 million
Share price at entry: €3.5
Price on December 29th, 2014*: €0.58
Market Capitalization on December 29th, 2014: €41 million
EOS imaging:
Date of IPO: February 14th, 2012
Funds raised from IPO: €39 million
Share price at entry: €6.87
Price on December 29th, 2014*: €5.06
Market Capitalization on December 29th, 2014: €92 million
Updated on 12/30/2014 2014 – Facts and Figures 15
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
ERYTECH Pharma:
Date of IPO: May 7th, 2013
Funds raised from IPO: €17.7 million
Share price at entry: €11.60
Price on December 29th, 2014*: €26.11
Market Capitalization on December 29th, 2014: €181 million
Fermentalg:
Date of IPO: April 16th, 2014
Funds raised from IPO: €40.4 million Share price at entry: €7.30
Price on December 29th, 2014*: €6.30
Market Capitalization on December 29th, 2014: €75 million
Flamel Technologies (NASDAQ):
Date of IPO (Nasdaq): 1996
Funds raised from IPO: $26.6 million
Share price at entry: $12
Price on December 26th, 2014: $17.12
Market Capitalization on December 26th, 2014: $661 million
Genfit:
Date of IPO: December 19th, 2006
Funds raised from IPO: €15 million
Share price at entry: €15.00
Price on December 29th, 2014*: €37.46
Market Capitalization on December 29th, 2014: €915 million
Genomic Vision:
Date of IPO: April 7th, 2014
Funds raised from IPO: €23.0 million
Share price at entry: €15.00
Prix on December 29th, 2014*: €10.90
Market Capitalization on December 29th, 2014: €49 million
Genoway:
Date of IPO: May 7th, 2007
Funds raised from IPO: €5 million
Share price at entry: €6.8
Price on December 29th, 2014*: €1.92
Market Capitalization on December 29th, 2014: €12 million * Close
Source: Les Echos Bourse
Updated on 12/30/2014 2014 – Facts and Figures 16
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Genset :
Date of IPO: June 6th,1996 (Nasdaq and Paris Bourse)
Funds raised from IPO: €78 million
Acquired in 2002 by the Swiss biotechnology company Serono
Serono was pursached in 2006 by the German drug company Merck to give birth to the Merck Serono Group
Genticel:
Date of IPO: April 4th, 2014
Funds raised from IPO: €34.5 million
Share price on April 14, 2014: €6.60
Market Capitalization on April 14, 2014: €100 million
Price on December 29th, 2014*: €5.51
Market Capitalization on December 29th, 2014: €85 million
Global Bioenergies:
Date of IPO: June 9th, 2011
Funds raised from IPO: €6.6 million
Share price at entry: €19.85
Price on December 29th, 2014*: €26.25
Market Capitalization on December 29th, 2014: €76 million
Hybrigenics:
Date of IPO: December 2007
Funds raised from IPO: €6.1 million
Share price at entry: €1.79
Price on December 29th, 2014*: €1.64
Market Capitalization on December 29th, 2014: €49 million
Implanet:
Date of IPO: November 25th, 2013
Funds raised from IPO: €14.1 million
Share price at entry: €7.20
Price on December 29th, 2014*: €3.65
Market Capitalization on December 29th, 2014: €19 million
* Close Source: Les Echos Bourse
Updated on 12/30/2014 2014 – Facts and Figures 17
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Innate Pharma:
Date of IPO: November 2006
Funds raised from IPO: €30 million
Share price at entry: €2.12
Price on December 29th, 2014*: €8.09
Market Capitalization on December 29th, 2014: €431 million
Integragen:
Date of IPO: June 18th, 2010
Funds raised from IPO: €6.72 million
Share price at entry: €8.40
Price on December 29th, 2014*: €5.23
Market Capitalization on December 29th, 2014: €27 million
Intrasense:
Date of IPO: February 22nd, 2012
Funds raised from IPO: €4.2 million
Share price at entry: €7.40
Price on December 29th, 2014*: €1.44
Market Capitalization on December 29th, 2014: €6 million
LDR (NASDAQ):
Date of IPO (Nasdaq): October 9th, 2013
Funds raised from IPO: $75 million
Share price at entry: $15
Price on December 26th, 2014: $35.98
Market Capitalization on December 26th, 2014: $343 million
Mauna Kea Technologies:
Date of IPO: July 5th, 2011
Funds raised from IPO: €56.5 million
Share price at entry: €13
Price on December 29th, 2014*: €5.56
Market Capitalization on December 29th, 2014: €77 million
MedianTechnologies:
Date of IPO: May 20th, 2011
Funds raised from IPO: €9.98 million
Share price at entry: €8.05
Price on December 29th, 2014*: €8.17
Market Capitalization on December 29th, 2014: €67 million
* Close Source: Les Echos Bourse
Updated on 12/30/2014 2014 – Facts and Figures 18
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Medicrea international:
Date of IPO: June 23rd, 2006
Funds raised from IPO: €11.58 million
Share price at entry: €7.94
Price on December 29th, 2014*: €8.72
Market Capitalization on December 29th, 2014: €73 million
Medtech Surgical:
Date of IPO: November 28th, 2013
Funds raised from IPO: €20 million
Share price at entry: €25.60
Price on December 29th, 2014*: €24.73
Market Capitalization on December 29th, 2014: €60 million
Metabolic Explorer:
Date of IPO: April 11th, 2007
Funds raised from IPO: €53 million
Share price at entry: €10.58
Price on December 29th, 2014*: €4.58
Market Capitalization on December 29th, 2014: €103 million
Nanobiotix:
Date of IPO: October 29th, 2012
Funds raised from IPO: €14.2 million
Share price at entry: €6.00
Price on December 29th, 2014*: €15.31
Market Capitalization on December 29th, 2014: €220 million
NeoVacs:
Date of IPO: October 4th, 2010
Funds raised from IPO: €10 million
Share price at entry: €4.80
Price on December 29th, 2014*: €1.23
Market Capitalization on December 29th, 2014: €23 million
Nicox:
Date of IPO: November 3rd, 1999
Funds raised from IPO: €33.2 million
Share price at entry au June 19, 2002: €15.05
Price on December 29th, 2014*: €1.88
Market Capitalization on December 29th, 2014: €187 million
* Close Source: Les Echos Bourse
Updated on 12/30/2014 2014 – Facts and Figures 19
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Novacyt:
Date of IPO: October 8th, 2012
Funds raised from IPO: €2.6 million
Share price at entry: €8.10
Price on December 29th, 2014*: €4.85
Market Capitalization on December 29th, 2014: €30 million
Olmix :
Date of IPO: March 29th, 2005
Funds raised from IPO: €42 million
Share price at entry: €52.50
Price on December 24th, 2014: €5.19
Market Capitalization on December 24th, 2014: €22 million
Oncodesign:
Date of IPO: March 28th, 2014
Funds raised from IPO: €12.8 million
Share Price at entry: €7.34
Market Capitalization on March March 28, 2014: €65 million
Price on December 29th, 2014*: €6.63
Market Capitalization on December 29th, 2014: €41 million
Onxeo (former BioAlliance Pharma):
Date of IPO: August 2014
Funds raised from IPO: €30 million
Share Price at entry: €5.35
Price on December 29th, 2014*: €5.24
Market Capitalization on December 29th, 2014: €213 million
Pixium Vision :
Date of IPO: June 17th, 2014
Funds raised from IPO: €34.5 million
Share Price at entry: €8.28
Market Capitalization on June 17th, 2014: €100 million
Price on December 29th, 2014*: €6.36
Market Capitalization on December 29th, 2014: €81 million
* Close Source: Les Echos Bourse
Updated on 12/30/2014 2014 – Facts and Figures 20
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Qiagen Marseille:
Date of IPO: June 16th, 2008
Funds raised from IPO: €11.6 million
Share price at entry: €7.10
Price on December 05th, 2014*: €13.40
Market Capitalization on December 05th, 2014: €73 million
Quantel:
Date of IPO: 1997
Price on December 29th, 2014*: €3.20
Market Capitalization on December 29th, 2014: €26 million
Quantum Genomics:
Date of IPO: April 10th, 2014 (transferred its shares to Alternext Paris)
Price on December 29th, 2014*: €5.00
Market Capitalization on December 29th, 2014: €25 million
Spineguard:
Date of IPO: April 23rd, 2013
Funds raised from IPO: €8.1 million
Share price at entry: €7.29
Price on December 29th, 2014*: €6.30
Market Capitalization on December 29th, 2014: €26 million
Spineway:
Date of IPO: February 13th, 2013
Funds raised from IPO: €4.9 million
Share price at entry: €7.47
Price on December 29th, 2014*: €6.49
Market Capitalization on December 29th, 2014: €23 million
Stallergenes:
Date of IPO: 1998
Price on December 29th, 2014*: €48.95
Market Capitalization on December 29th, 2014: €679 million
* Close Source: Les Echos Bourse
Updated on 12/30/2014 2014 – Facts and Figures 21
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Stentys:
Date of IPO: October 22nd, 2010
Funds raised from IPO: €23 million
Share price at entry: €12
Price on December 29th, 2014*: €4.75
Market Capitalization on December 29th, 2014: €55 million
SuperSonic Imagine:
Date of IPO: April 10th, 2014
Funds raised from IPO: €50 million
Share price at entry: €11.70
Market Capitalization on April 10, 2014: €182.6 million
Price on December 29th, 2014*: €7.83
Market Capitalization on December 29th, 2014: €127 million
Theraclion:
Date of IPO: April 17th, 2014
Funds raised from IPO: €10.9 million
Share price at entry: €14.50
Market Capitalization on May 02, 2014: €54.5 million
Price on December 29th, 2014*: €8.90
Market Capitalization on December 29th, 2014: €34 million
Theradiag:
Date of IPO: December 2012
Funds raised from IPO: €8.2 million
Share price at entry: €5.80
Price on December 29th, 2014*: €3.84
Market Capitalization on December 29th, 2014: €20 million
Transgene:
Date of IPO: 1998
Funds raised from IPO: €61.4 million
Share price at entry: €5.55
Price on December 29th, 2014*: €6.80
Market Capitalization on December 29th, 2014: €264 million
* Close Source: Les Echos Bourse
Updated on 12/30/2014 2014 – Facts and Figures 22
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
TxCell:
Date of IPO: April 11th, 2014
Funds raised from IPO: €16.2 million
Share price at entry: €5.58
Price on December 29th, 2014*: €5.81
Market Capitalization on December 29th, 2014: €71 million
Valneva:
Date of IPO: June 2007
Funds raised from IPO: €40.2 million
Share price at entry: €2.65
Price on December 29th, 2014*: €4.17
Market Capitalization on December 29th, 2014: €239 million
Vexim:
Date of IPO: April 26th, 2012
Funds raised from IPO: €11 million
Share price at entry: €9.50
Price on December 29th, 2014*: €10.74
Market Capitalization on December 29th, 2014: €70 million
Visiomed Group:
Date of IPO: July 8th, 2011
Funds raised from IPO: €5 million
Share price at entry: €8
Price on December 29th, 2014*: €5.20
Market Capitalization on December 29th, 2014: €24 million
* Close Source: Les Echos Bourse
Updated on 12/30/2014 2014 – Facts and Figures 23
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
NEXT BIOTECH INDEX: 1,442.16 ON DECEMBER 29TH, 2014*
Source: Euronext 12/27/2013 - 12/29/2014
Market Capitalization of the 54 French Life
Sciences companies on December 29th
, 2014**
8.16 Billion Euro
* Close ** Source: Les Echos Bourse
Updated on 12/30/2014 2014 – Facts and Figures 24
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Distribution of French Life Sciences
companies publicly-listed by Industry Sector
Biotech (19) Medtech (22) Diagnostic (7) Greentech (6)
AB Science Carmat Biosynex Carbios
Adocia Crossject Diaxonhit Deinove
Cellectis Diagnostic Medical Surgical Genomic Vision Fermentalg
DBV Technologies EOS imaging Integragen Global Bioenergies
Erytech Pharma Implanet Novacyt Metabolic Explorer
Flamel technologies Intrasense Qiagen Marseille Olmix
Genfit LDR Theradiag Genoway Mauna Kea Technologies
Genticel Median Technologies Hybrigenics Medicrea International Innate Pharma Medtech Surgical Neovacs Nanobiotix Nicox Pixium Vision Oncodesign Quantel Onxeo Spineguard Quantum Genomics Spineway Stallergènes Stentys Transgène SuperSonic Imagine TxCell Theraclion Valneva Vexim
Visiomed Group
Source: France Biotech, September 2014
Updated on 12/30/2014 2014 – Facts and Figures 25
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Fundraising by French Biotech companies
Source : France Biotech, June 2014
Funds raised* in 2009: 270 million Euro
Funds raised* in 2010: 472 million Euro (+ 75% vs. 2009)
Funds raised* in 2011: 287 million Euro (- 39 % vs. 2010)
Funds raised* in 2012: 364 million Euro (+ 27% vs. 2011)
Funds raised* in 2013: 551 million Euro (+ 51% vs. 2012)
Funds raised* in H1 2014: 623 million Euro
Creation of AURIGA IV Bioseeds (October 2013): this fund was created
to encourage company creations, focussing on projects initiated from
scientific knowledge and expertise in Infectiology and Microbiology. With
a first closing at 40 million Euro, AURIGA IV Bioseeds has an average
duration of life of twelve years and relies on its close collaboration with
industrial and institutional partners.
Creation of the Innovative Biotherapies and Rare Diseases Fund
(May 2013**): with a closing at 50 million Euro, this fund focuses on seed
financing for companies developing innovative biotherapies and rare
diseases.
* Fonds levés = capital-risque + montant de la levée lors de l’IPO + refinancement en Bourse
** Source : http://www.bpifrance.fr
Updated on 12/30/2014 2014 – Facts and Figures 26
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
2014
Venture Capital Funding*
AAVLife raised $12 million (8.6 million Euros) in a series A financing,
from Versant Ventures and Inserm Transfert Initiative. The fund
raising should allow the a gene-therapy company to advance into
clinical studies the work on Friedreich’s ataxia.
Advanced Accelerator Applications raised 41 million Euros from
HBM Healthcare Investments Ltd.
Aelis Farma, announced a fund raising of 1,3 million Euros Inserm
Transfert Initiative and two regional funds: Aqui Invest and Aquitaine
Création Investissement.
Alizé Pharma, biotechnology company developing treatments for rare
diseases and metabolic diseases, has signed a new round of 5 million
Euros.
Alzprotect raised 2 million Euros from several business angels and
two investment funds, Finovam and Nord France Amorçage so as its
historical shareholders.
Amoéba raised 3 million Euros from Siparex Proximité Innovation,
which re-invested 1 million Euros, and other historical investors
among which: Rhône-Alpes Création for €400,000, Eurékap! and
Evolem. CM-CIC-capital privé invested €700,000 as a new investor.
Atlanthera raised 0,8 million Euros from GO CAPITAL Amorçage.
Biosantech, company specialized in AIDS therapy, raised 0.8 million
Euros with crowdfunding platform Happy Capital.
Caviskills, biotechnology company, raised 0.4 million Euros.
Celenys raised 1 million Euros from GO CAPITAL which invested
€700,000 and NCI as a co-investor of amount of €300,000.
CellProthera, company specialized heart diseases, raised 5 million
Euros from three historical investors.
*Source: Biotech Trade, Companies’ press releases, France Biotech, 2014
Updated on 12/30/2014 2014 – Facts and Figures 27
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Enterome raised 10 million Euros in B round led by existing investors
Seventure and Lundbeckfond Ventures. Existing investor Omnes
Capital also participated.
Fab’entech, a biotechnology company which develops anti-infective
immunotherapy treatments, raised 5 million Euros from Auriga
Partners, R2V, Rhône-Alpes Creation, Sigma Gestion and several
other entrepreneurs who invest in a private capacity.
GamaMabs Pharma raised 1.1 million Euros (0.5 million Euros from
Alto Invest + 0.6 million Euro from bpifrance as a repayable advance).
GenSight Biologics raised 3 million Euros from bpifrance via its fund
dedicated to innovative biotherapies and rare diseases.
Hemarina raised 4 million Euros from CM-CIC Capital Innovation
which invests 3 million Euro. Finistère Angels, the historical
shareholder, Armor Angels and et Business Schools Business Angels
invested 1 million Euros.
Horama, spin off of UMR1089 of Nantes and UMR of Montpellier
raised 450,000€ from 3 entrepreneurs (Simone Bougro from Sodebo,
Joël Soulard from Ernest Soulard and Denis Cayet, the founder of
Horama).
Hyprevention, a medical device company, raised 3 million Euros
from Helvesta AG.
ImmuSmol raised 500,000€ for the development of its
immunotherapy program.
In2Bones raised 3 million Euros from Newfund.
InFlectis BioScience raised 1 million Euros from the family holding
Participations Besançon and GO Capital, in order to finance its in vivo
studies. InFlectis BioScience is a young innovative biotech company
from Nantes, France, created in 2013. Its main activity consists in the
identification of therapeutic molecules for the treatment of neuro-
degenerative diseases or aging diseases.
InnaVirVax should receive 6.3 million Euros from the 9.4 million Euro
invested by bpifrance in the anti-AIDS vaccine candidate VAC-3S
which is part of the ProtheVIH program.
Updated on 12/30/2014 2014 – Facts and Figures 28
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Inotrem announced a fund raising of 18 million Euros from two
venture capital funds: Edmond de Rothschild Investment Partners and
Sofinnova Partners the representatives of which have joined the
Board of Inotrem. BioMed Invest and Inserm Transfert Initiative had
participated to the operation as well.
Leosphere raised 20 million Euros from Oraxys, a leading European
cleantech private equity firm for an investment exceeding €10 million.
LNC raised 1.5 million Euros from Seventure, 900,000€ of which is
from the Health for Life Capital fund. The financing will enable LNC, to
complete the clinical development of its two main products in pre-
diabetes and bariatric surgery.
Lysogene, company specialized in genetic therapy, raised 16.5
million Euros from Sofinova Partners, Innobio and Novo Seeds.
ManRos Therapeutics raised 3,6 million Euros from several long-
term shareholders.
Mathym, a young innovative company focusing on nanotechnologies,
raised 8,3 million Euros from Bpifrance.
MDoloris Medical Systems raised 1,1 million Euros from Siparex
Proximité Innovation and Finorpa.
Medtech Surgical, company specialized in robotic surgery, raised 8.3
million Euros from bpifrance.
Microphyt raised 2 million Euros from CEA Investissement (Fund:
Amorçage Technologique Investissement), Sofimac Parteners (Fund:
Emergence innovation 1), Soridec and Jeremie LR.
NG Biotech raised 1 million Euros thanks to the support of Kreizig
Fund.
Nutrivercell raised 0.5 million Euros from Scientopole Capital, XMP
Business Angels, Paris Businesss Angels, Angels Santé, Trianon
Angels, Cap initial Harvard Angels France.
OCR completes its first fund raising with more than 1 million Euros
from Nord France Amorçage and A&S (« Autonomie et Solidarité »)
combined with the participation of some business angel’s.
Updated on 12/30/2014 2014 – Facts and Figures 29
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Ose Pharma achieved its first fund raising at 3.2 million Euros from
Sigma Gestion and Financière Tuileris Développement.
Poxel, Lyon Biopharmaceutical Company specialized in the
development of new oral drugs for Type II diabetes, raised 10 million
Euros with a stake in Bpifrance through its pole Large Venture and a
loan from Kreos Capital. The cumulative amount of the Series B
financing, initiated by Edmond de Rothschild Investment Partners
(EdRIP), stands at 18 million Euros.
Prestodiag, diagnostic company, raised 2.2 million Euros from CEA
Investissement, Cap Décisif Management, Kreizig Invest and Go
Beyond Network.
Rhenovia Pharma completed a fund raising of 0,54 million Euros
from its historical shareholders.
SP3H raised 2.5 million Euros from Truffle Capital, his historical
shareholder which has already participated to the other two
fundraising rounds for a total amount of 7 million Euros.
Tesalys raised 1 million Euro from Entrepreneur Venture.
Theranexus completed a fundraising of 3.6 million Euros from Auriga
Partners, CEA Investissement, Emergence Innovation 1 and Rhône-
Alpes Creation.
Valwin succeeded in raising 320,000€ from PE Investments and
Bpifrance.
Vect-Horus raised 1.5 million Euros from its historical shareholders.
The French life science company from Marseille designs and
develops peptide vectors that facilitate the delivery of drugs or
imaging agents.
Ynsect raised 1.8 million Euros as a first fund raising from two eco-
technologies venture capital funds known as EMERTEC Gestion and
DEMETER Partners.
Ynsect has raised 5.5 million Euros from New Protein Capital. The
financial company based in Singapore has joined Ynsect’s historical
investors to the Board and came as a first step of the future
international development of the French start-up, especially in Asia.
Updated on 12/30/2014 2014 – Facts and Figures 30
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
2013
Venture Capital Funding*
Advanced Accelerator Applications succeeded in a fund raising of
4.8 million Euros from historical and new investors among which
Seventure Partners.
Allecra Therapeutics suceeded in its first funding round for an
amount of 15 million Euros from BioDiscovery 4, the four ranked of
Edmond de Rothschild Investment Partners’ Fund.
Aqualeg raises 0,55 million Euros from GO Capital.
Aterovax raised 1.5 million Euros from Turenne Capital and Fa dièse.
Axess Vision Technology raised 3.5 million Euros from Viveris
management and Sofimac Partners.
Axilum Robotics raises 0,85 million Euros from Inserm Transfert
Initiative SODIV Alsace.
Azimut Monitoring raises 0,43 million Euros among which more than
€350,000 from Savoie Angels.
Bioaxial raised 1.9 million Euros from Amorçage Technologique
Investissement (managed by CEA Investment), Inserm Transfert
Initiative, Viveris Management and individual investors.
BioSIMS raised 1.14 million Euros from GO CAPITAL (900,000€) and
Normandie Business Angels, Norm’Angels and Scientific Analysis
Instruments (239,000€).
Bodycap raises 0,4 million Euros from GO Capital.
C2F Implants raises 2.5 million Euros from Audacia.
CellProthera confirmed a third fund raising of 2.54 million Euros from
two « family funds ».
*Source: Biotech Trade, Companies’ press releases, France Biotech, 2013
Updated on 12/30/2014 2014 – Facts and Figures 31
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Coldway succeeded in a fund raising of 9.3 million Euros from
Ecotechnologies fund, Emertec Gestion, CM-CIC Capital Innovation,
Sudinnova and historical investors.
CrossJect raises 4.6 million Euros from A Plus Finance, Sofimac
Partners and Gemmes Venture.
Defymed raised 1.2 million Euros as part of the development of an
innovative bio-artificial pancreas thanks to the Materials Lorrain Fund.
Dialpha completes a fund raising of 1 million Euros.
Ecoat completes a 1.5 million Euros fund raising in order to settle a
production facility and to launch its innovative product line.
ElsaLys Biotech raises 2.1 million Euros from Transgene.
EndoControl raises 4 million Euros from CM-CIC Capital Innovation,
Seventure Partners and Viveris Management, in order to speed up its
technological and commercial development.
Eydo Pharma raised 1 million Euro from Sofimac Partners.
EyeTechCare completes its third financing round from historical
investors for a total amount of 10 million Euros.
Fermentalg raised 12 million Euros from IRDI, Viveris Management
and Emertec gestion, Demeter Partners, ACE Management (Atalaya),
Picoty Algo Carburant and Sofiproteol as historical investors.
Fluoptics raised 2 million Euros through Viaducs’ participation.
France Perfusion raised 500,000€ from MIDI Capital in order to
pursue its development.
GamaMabs Pharma raises 3.1 million Euros from bpifrance through the fund Innobio, as addition to IRDINov and IXO Private Equity.
Gecko Biomedical announces a fund raising of 8 million Euros as an
A financing round from CM-CIC Capital Finance, Omnes Capital and CapDécisif Management.
Gensight Biologics raised 32 million Euros from Novartis Venture
Fund, Abingworth, Versant Ventures and Index Ventures.
Updated on 12/30/2014 2014 – Facts and Figures 32
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Genticel announces a fund raising of 18.2 million Euros from
Wellington Partners (Munich, Germany) and from all the current institutional investors such as: IDInvest Partners, Edmond de Rothschild Investment Partners (EdRIP), Innobio, IRDI and Amundi
Private Equity Funds.
I2A raised 1.5 million Euros from MIDI Capital and Soride.
IDD Biotech succeeded in its first funding round worth 1.5 million
Euros.
ImmunID announces a fund raising of 2.4 million Euros from 3
investors: Vizille Capital Innovation, SOFIMAC Partners and CEA
Investment.
Ledpower completes its second fund raising of 0,92 million Euros.
Lentilles – LCS completed a new fundraising of 500,000€ from GO
Capital.
MedDay raises 8 million Euros from InnoBio and Sofinnova Partners.
Medtech completes a fund raising of 4.5 million Euros among which
1.5 million Euro from MIDI CAPITAL.
Neuronax completes a 1 million Euros fund raising from Jérémie
Innovation 1 managed by SOFIMAC Partners, Fa Dièse 2, Wiseed
and Auvergne Business Angels.
PathoQuest, succeeded a second fund raising round for a total
amount of 3.8 million Euros from two new investors Idinvest Partners
and Aurinvest Capital jointly with the historical investor Kurma
Biofund.
Physikron raised 160,000€ from CAP Decisif Management.
Pixium Vision raised 15 million Euros from Sofinnova and Omnes
Capital.
Poxel completes a second fund raising for an amount of 13 million
Euros from Edmond de Rothschild Investment Partners and the
historical investors, Innobio fund and Omnes Capital.
Updated on 12/30/2014 2014 – Facts and Figures 33
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Robocath gets 0,9 million Euros from GO Capital (€600,000) and NCI
Gestion (€300,000).
Sensorion raised 2 million Euros from Innobio and Inserm Transfert
Initiative.
Spinevision completed a fundraising of 7.78 million Euros from MIDI
Capital, Omega Funds and Alto Invest.
Sunpartner Technologies completes the first part of a 3.1 million
Euros, the amount of which will reach 8 million Euros in the first
semester of 2014.
SuperSonic Imagine closes a fund raising of 28 million Euros from
the Strategic Investment Fund, Alto Invest and KLSC (Kuwait Life
Science Company).
Synthélis raised 0.6 million Euros from Savoie Angels and Grenoble
Angels.
Theravectys raised 14.7 million Euros from Tethys with the help of La
Financière (a Philippe Oddo’s company), FGP Capital and other
private investors.
Vetbiobank completes a fund raising of 0,385 million Euros from
Health Angels Rhône-Alpes (Hara), Simba Santé and Angelor.
Wandercraft closes a financing round table for an amount of 0,6
million Euros from Kima Ventures (€300,000), CMG Advisory
(€100,000) and private investors (€200,000).
Updated on 12/30/2014 2014 – Facts and Figures 34
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
2012
Venture Capital Funding*
Alize Pharma raised 3.1 million Euros from Octalfa S.A.S., CEMA Inc.,
Sham and private investors.
Amoeba raised 800,000€ from Rhône-Alpes Création, Eurekap!, Siparex and Dancer family.
Arterial Remodeling Technologies raised a fundraising of 2.21 million
Euros.
Aterovax raised 1.2 million Euros from Fa Dièse and Turenne Capital
Biofilm Control raised 3 million Euros from Sofimac Partners,
Entrepreneur Ventures and Merieux Institute.
Biom’up raised 6.8 million Euros from InnoBio, Viveris Management,
OTC Asset Management, Mérieux Développement, SHAM, Sofimac Partners, Aquasourça and l’Améliane.
Biophytis raised 2 million Euros during a second round of financing with Metabrain Research, Seventure Partners and CM-CIC Capital
Privé.
Calixar raised 875,000€ from Siparex, Veymont Participations, INPG
Entreprise SA and Business Angels.
Carbios raised 3.3 million Euros from Truffle Capital.
Carlina Technologies raised 300,000€ from Go Capital.
Crossject raised 4 million Euros
Cytune Pharma completed a fundraising of 1 million Euro from Sodero,
Idee, Remora Capital and Starquest Capital
Diafir raised 300,000€ from Grand Ouest CAPITAL
Domain Therapeutics raised 2 million Euros, the half of which comes from Seventure Partners and the other half from SODIV and historical investors that include AIRFI, IP Growth, Auriga and Sam Eletr, the
Chairman of the company’s Board.
*Source: Biotech Trade, Companies’ press releases, France Biotech, 2012
Updated on 12/30/2014 2014 – Facts and Figures 35
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Echodia raised 250,000€ from Sofimac Partners
Enterome Biosciences raised 5 million Euros from Seventure Partners
and Lundbeckfond Ventures in an A funding round.
Exonhit raised 6.1 million Euros from institutional investors in
November.
EyeBrain raised 3.3 million Euros from Octalfa, Sudinnova and CM-CIC Capital Innovation to develop its Marketing and Sales activity.
Eyevensys raised 1.6 million Euros from InnoBio, Inserm Transfer Initiative and a private investor.
Hemarina raised 6.3 million Euros from Inserm Transfert Initiative,
Finistère Angels, Armor Angels, XMP and Arkéa Capital Investissement
ICDD raised 800,000€ from Grand Delta Angels, SRC CDPS, Var
Business Angels and Turenne Investments
Imaxio raised 2.9 million Euros from Pradeyrol Development.
InnaVirVax raised 3.7 million Euros during a B round with Pradeyrol Développement, Fa Dièse, FRCI (Fonds Régional de Co-Investissement d’Ile-de-France), CapDecisif 2 and G1J Ile-de-France.
Koelis raised 1 million Euro from Medevice Capital
LNC raised 3.5 million Euros from Seventure, IRDI, GSO Capital and
Aqui-Invest
Medtech raised 555,000€ from Soridec and Jeremie
Neosteo completed a fundraising of 800,000€ from Go Capital, Pays de
Loire Développement and IDEE
Novacyt raised 1.5 million Euros from private investors and ARKEON
Gestion.
Nutrivercell raised 446,000€ from XMP-Business Angels, Angels Santé, Capintial, Trianon Angels, Harvard Business School Club de France, Paris Business Angels and Scientipôle Capital.
Olea Medical raised 4.2 million Euros from INNOVACOM.
Pharnext raised 8 million Euros closing a private placement terms.
Updated on 12/30/2014 2014 – Facts and Figures 36
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Pixium Vision raised 19 million Euros from Omnes Capital and other
investors.
Poxel SA raised 13 million Euros in a B round financing with Edmond
de Rothschild Investment Partners, InnoBio, and Omnes Capital.
Pro Tip SAS raised 3.8 million Euros from Seventure Partners, Fonds
Lorrain des Matériaux (FLM), the family office Berchet and Alsace Amorçage
Provepharm completed a fundraising of 2.7 million Euros from Viveris
Management, Sofipaca, Paca Investissement and private investors.
Sensorion raised 750,000€ from Innobio
SP3H raised 2.2 million Euros from Truffle Capital
Theravectys raised 7.48 million Euros from private investors that
included Guy PAILLAUD, John PIETERS, the BETTENCOURT family, Philippe ODDO and Richard HENNESSY.
TxCell raised 12.7 million Euros from InnoBio, Auriga Partners and Seventure Partners.
Vectalys succeeded in a fundraising of 1.2 million Euros from Fadièse2,
FJ investissement and a business angel.
Updated on 12/30/2014 2014 – Facts and Figures 37
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
2011
Venture Capital Funding*
Advicenne raised 3 million Euros in May during a second round
financing from InnoBio, Ixu Private Equity and private investors.
Cellprothera raised 2.5 million Euros from R2M and SODIV ALSACE.
Cytoo Cell Architects raised 7 million Euros from Sham, Entrepreneurs
Fund, Auriga Partners and Jacques Lewiner.
DBV Technology raised 19.4 million Euros from Innobio, Lundbeckfond
Ventures, Shire plc, Alto Invest, Sofinnova Partners and ALK Abello.
Ethera raised 1.2 million Euros from CEA Investissement and Emertec Gestion
Eviagenics raised 1.3 million Euros from CEA Investissement, Emertec and Cap Decisif Management
Fermentalg raised 5.3 million Euros from Emertec, ACE Management,
Demeter Partners, CEA Investissement, Aquitaine Création Investissement and Groupe Picoty.
Genfit raised 5.3 million Euros from YA Global Master SPV Ltd.
Graftys raised 4 million Euros from Ventech, Octalfa S.A.S.,Viveris Management and Oreo Finances Corp.
Kreactive raised 5 million Euros from Emertec and Demeter
Multix succeeded in raising 3 million Euros
Neovacs received 2.3 million Euros from Truffle Capital, Debioinnovation and OTC Asset Management.
PathoQuest raised 2 million Euros from KurmaBioFund
Pharnext raised 2.5 million Euros from Truffle Capital, La Financière Gaspard and Parinvest.
Polyplus Transfection raised 2.5 million Euros from Alsace Inter
Region Fonds d’investissement, Sudinnova, CIC Vizille Capital Innovation and CIC Finance
*Source: Biotech Trade, Companies’ press releases, France Biotech, 2011
Updated on 12/30/2014 2014 – Facts and Figures 38
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Mergers and Acquisitions in France and
Europe In 2013, there were 30 mergers/acquisitions in Europe in the biopharmaceutical
sector for a total value of 22.2 billion USD (vs. 22 deals for 10.4 billion USD in 2012) compared with 40 mergers/acquisitions for a total value of 27.1 billion USD in the USA (vs. 48 deals for 32.5 billion USD in 2012).
Top 10 Mergers & Acquisitions in the Life Sciences sector worldwide (Source: HBM Pharma/Biotech M&A Report 2013)
Biggest Mergers & Acquisitions by European countries (Source: HBM Pharma/Biotech M&A Report 2013)
Acquisition Amount ($bn)
Onyx (US) - Amgen (US) 10 400
Bausch & Lomb (US) - Valeant (Canada) 8 700
Elan Corp (Ireland) - Perrigo (US) 8 600
Warner Chilcott (Ireland) - Actavis (US) 8 500
Pearl Therapeutics (US) - AstraZeneca (UK) 1 150
Aragon Pharmaceuticals (US) - Johnson & Johnson (US) 1 000
Map Pharmaceuticals (US) - Allergan (US) 958
Pronova (Norway) - BASF (Germany) 900
Astex (US) - Otsuka (Japan) 886
Trius Therapeutics (US) - Cubist Pharmaceuticals (US) 812
Target Company Country Buyer Country Total Deal Value ($m) Therapeutic Area(s) of Target Company
Pearl Therapeutics US AstraZeneca UK 1 150 Respiratory diseases
Pronova Norway BASF Germany 900 Nutritional Health
Xellia Pharmaceuticals Norway Novo A/S Denmark 700 Infectious diseases
Amplimmune US AstraZeneca UK 500 Immune System, Oncology
Doc Generici Italy Charterhouse UK 450 Generics
Acino Switzerland Pharma Strategy Sweden 450 Drug delivery
Omthera US AstraZeneca UK 443 Cardiovascular
Spirogen UK AstraZeneca UK 440 Oncology
Thornton Ross UK Stada Germany 345 Over-the-counter medicines
Okairos Switzerland GSK UK 323 Oncology, HIV
Ceptaris US Actelion Switzerland 250 Oncology
Acton Pharmaceuticals US Meda Sweden 200 Respiratory diseases
SARcode US Shire Ireland 160 Ophtalmology
Intercell Austria Vivalis (Valneva) France 130 Vaccines
Laborarotios Casen Fleet Spain Recordati Italy 120 Gastroenterological
Updated on 12/30/2014 2014 – Facts and Figures 39
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Recent Operations*
2014
o Adocia has completed a partnership agreement with the
pharmaceutical company Eli Lilly to develop ultra-rapid insulin (the
BioChaperone Lispro), for treatment in people with type 1 and type 2
diabetes. Under the terms of the agreement, the French Life Science
company will receive a total upfront fee of $50 million (€40.6 million)
with the potential for future payments of up to $280 million (€228
million) if the product reaches certain development and regulatory
stages.
o BioAlliance Pharma and Topotarget announced their intention to
merge to create a leading orphan oncology company, named Onxeo,
with highly complementary pipelines of late-stage products addressing
significant unmet medical needs.
o BioAlliance Pharma announced that the FDA had granted its
treatment of patients with refractory peripheral T-cell lymphoma
developed by Topotarget.
o Cardio3 Biosciences completed a fundraising of 25 million Euros on
June 6th, 2014.
o Cardio3 BioSciences has enrolled its 120th patient in its phase III
clinical study CHART-1.
o Cardio3 BioSciences announced the acquisition of CorQuest Medical
Inc., a US-based company specialized in the development of
innovative devices and technologies for cardiac surgery.
o Carmat has received 5 million Euros in repayable advances due to the
completion of milestone n°5 of the contract for industrial strategic
innovation signed in 2009 with Bpifrance. According to the terms of the
contract, the completion of milestone n°5 was depending on “the
qualified production of implantable prostheses and the monitoring of
technical and medical criteria associated with the first clinical
implants”.
o Cellectis announced the selling of its branch Cellectis AB to the
japanese company Takara Bio Inc. *Source: BiotechTrade, companies press releases (websites)
Updated on 12/30/2014 2014 – Facts and Figures 40
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
o DBV Technologies completed successfully its entry in the Nasdaq.
The French biotech company raised 90 million Euros in order to
improve its R&D.
o Deinove signed a contrat with Sofiprotéol which includes a
collaboration of 3 years in order to develop a production line of natural
additives for animal feeding.
o Deinove completed a new fundraising with a participation of Truffle
Capital up to 2 million Euros.
o Deinove has established a new equity line funding with the company
KEPLER CHEUVREUX. The French cleantech company has the
guarantee to be able to raise a maximum amount of 15 million Euros
in four tranches over three years.
o EOS imaging extended its presence worldwide with the installation of
EOS® in Australia. The imaging system will be installed in two
Australian medical facilities: the Royal Children’s Hospital Melbourne
(RCH) and at Southern Radiology in Sydney.
o EOS imaging announced that the Korean Food and Drug
Administration (KFDA) had granted clearance for the
commercialization of EOS® system in South Korea.
o EOS imaging obtained the approval from the FDA for hipEOS, a 3D
hip arthroplasty planning software based on EOS stereo-radiographic
2D/3D imaging.
o ERYTECH Pharma reported positive Phase III results on the use of
GRASPA®.
o ERYTECH Pharma announced the granting in the USA of a new
patent in the field of asparaginase.
o ERYTECH Pharma completed successfully a fundraising of 30 million
Euros. The French life science company will expand its therapeutic
indications in oncology and accelerate its clinical developments.
o Genfit announced the allowance in China of a patent for GFT505, its
leading drug candidate, in NASH and hepatic fibrosis.
Updated on 12/30/2014 2014 – Facts and Figures 41
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
o Cellectis has completed a non-exclusive cross-license agreement
with the Two Blades Foundation relating to TAL nuclease
technologies. Under the terms of the agreement, Cellectis plant
sciences receives a license under 2Blades’ TAL Code technology
related to nucleases for commercial uses in certain specified crop
plants.
o Genfit raised 21 million Euros from US institutional investors. The
private placement was made through the sale of 583,433 shares at
€35.95.
o Hybrigenics reported a fundraising of 4.62 million Euros from Crede
Capital Group.
o MDxHealth succeeded in a fundraising of 12 million Euros.
o Median Technologies has been chosen by some Big Pharma
companies in order to conduct 3 new studies. The French life science
company will provide imaging services solutions which represent a
total amount of 1.58 million Euros.
o Medicrea announced that the FDA clears world’s first patient-specific
pinal rod UNiD™.
o Medtech has received official authorization to sell the ROSA™ on the
Chinese market. The Brain surgical device will be delivered by the
Chinese company Beike Digital Medical Technology specialized in the
distribution of neurological and Brain medical devices.
o METabolic EXplorer signed an agreement with SK CHEMICALS, a
south-korean green chemicals company. The agreement concerns the
production and the commercialiazation of PDO (1.3-propanediol) using
the technology developed by METabolic EXplorer.
o MyoKardia signed a collaboration agreement with the French drug
company Sanofi in order to develop targeted therapies for patients
with genetic heart disease.
o Nanobiotix strengthened its collaboration with its partner
PharmaEngine, Inc. with the update of the development plan for
NBTXR3 in order to obtain faster market authorization in the Asia-
Pacific region.
Updated on 12/30/2014 2014 – Facts and Figures 42
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
o Nanobiotix raised 10.39 million Euros from Capital Ventures
International, a US investor via a private placement of new shares with
subscriptions warrants. In case of the exercise of all the warrants, the
issue may be increased by up to 14.06 million Euros.
o Nanobiotix has received approval from the French National Security
Agency for Medicines and Health Products (ANSM) to start its Phase
II/III registration trial of NBTXR3. The product has the ambition to
improve the efficacy of radiotherapy by “destroying locally advanced
tumors more efficiently”.
o Neovacs closed a strategic agreement with the German life science
company Pharmedartis for the supply of interferon alpha (IFN-alpha)
as part of its phase IIb study with the IFN-alpha-Kinoïde therapeutic
vaccine for the lupus treatment.
o Nicox signed an exclusive agreement with OptiMed, an Australian
company distributing ophthalmic diagnostic and therapeutic products.
The agreement plans the distribution of Nicox’s product portfolio in
Australia and New Zealand.
o Nicox launched the Xailin Gel in Europe, a multidose carbomer gel
lubricant that becomes preservative-free in the eye. Xailin Gel is a
medical device, the third one following Xailin Night and Xailin Fresh.
o Nicox announced its agreement to acquire U.S. company Aciex
Therapeutics Inc, specialized in the ophthalmic sector and holding a
pipeline of several drug candidates in an advanced development
stage. The operation would include a $65 million (47.5 million Euros)
upfront payment in newly issued Nicox shares, in addition to
contingent value rights giving right to shares worth up to $55 million.
o Nicox plans to acquire 100% of shares Doliage, a French company
specialized in ophthalmology, for 5 million Euros.
o Nicox announced the acquisition of its diagnostics US subsidiary
Nicox Inc., by the Canadian drug company Valeant Pharmaceuticals
International, Inc. The deal worth up to $20 million (16 million Euros)
and follows the strategy of Nicox to concentrate its commercial and
development resources on ophthalmic therapeutics.
Updated on 12/30/2014 2014 – Facts and Figures 43
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
o Nicox acquires all the rights of antiviral eye drops containing
Carragélose® Marinomed Biotechnology for the potential treatment
of viral conjunctivitis, for 5.3 million Euros.
o Novacyt has reached an agreement with the British company Lab21
seeking for a capital increase. Lab21 is now a total subsidiary of
Novacyt with a capital sharing as following: 54% for the current
shareholders and 46% for Lab21 shareholders.
o Oncodesign signed an agreement with Isarna Therapeutics GmbH
in order to conduct in vivo pharmacology studies to investigate the
potential of TGF-β therapeutics. TGF-β stimulates the human immune
system to effectively fight cancer, ocular diseases and fibrosis.
o Onxeo has received a milestone payment of $25 million (20 million
Euros) from Spectrum Pharmaceuticals, his US partner. The payment
is related to the approval of Beleodaq® by the FDA, in July 2014.
o Onxeo received a payment of 1.25 million Euros from BpiFrance as a
part of the funding granted to support the NICE (Nano Innovation for
Cancer), the first consortium of nanomedicine stakeholders.
o Onxeo started a rights issue in a bid to raise 41.6 million Euros in
order to improve its R&D efforts. The Franco-Danish biotech company
plans to become a main actor in orphan drugs in oncology.
o Onxeo completed successfully a 40.7 million Euros capital increase
with preferential subscription rights launched both in France and in
Denmark on November 17th, 2014.
o OSE Pharma has registered with market regulator AMF for an initial
public offering (IPO).
o Pharnext announced the proof of concept of its pleotherapy research
and development approach based on a proprietary network
pharmacology platform that identifies synergic combinations of drugs
already approved for other diseases.
o Stallergenes exercised option to pursue the exclusive development of
application of ActoGeniX's technology for targeted delivery of allergen-
based treatments
Updated on 12/30/2014 2014 – Facts and Figures 44
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
o Stentys announces the acquisition of the American company
Cappella Peel Away Inc. (Delaware, US) and, therefore, of its assets
relating to a novel stent delivery system. This technology is CE
marked in Europe and has been clinically validated. Terms were not
disclosed.
o Stentys won a large regional tender in the Middle East awarded more
than 1,000 coronary stents. The SGH Tender is a group purchasing
program that serves the Ministries of Health in the six GCC members
states: United Arab Emirates, Kingdom of Bahrain, Kingdom of Saudi
Arabia, Sultanate of Oman, State of Qatar and State of Kuwait.
o Stentys received CE Marking for its Sirolimus-Eluting Stent (SES), in
the treatment of severe heart attacks. The French company can
market its SES in Europe immediately and, starting in 2015, in the
many other countries where the Company has commercial activity.
o Stentys signed a five year agreement with the company Micell
Technologies Inc. to distributute the MiStent coronary stent worldwide
(excluding the United States, Canada, China, South Korea and
Japan).
o Valneva signed two new research agreements in Japan in order to
develop human and veterinary vaccines.
o Valneva and UK company BliNK Therapeutics Ltd will create a new
private company specialized in the discovery of innovative monoclonal
antibodies.
o Valneva initiated a Phase II clinical trial of its VLA84 prophylactic
vaccine candidate against Clostridium difficile (C. difficile).
o Vexim has been chosen to be included in the new EnterNext© PEA-
PME 150 index.
o Vexim lauched a capital increase without preferential subscription
rights via a private placement for an amount of 5 million Euros.
o Vexim announced the approval by the FDA of the commercialization
in the United States of the MasterflowTM Injection System to treat
vertebral fractures where reducing and stabilizing the fracture is the
priority.
Updated on 12/30/2014 2014 – Facts and Figures 45
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
o Vexim ranked at the 4th place of the PME Finance / Morningstar
Futur40’s ranking. The Futur40 index gathers the 40 companies
publicly-listed on Euronext which has most increased their revenue
during the three last years. The revenue of the French life science
company has increased by 80.4% during this period.
Updated on 12/30/2014 2014 – Facts and Figures 46
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
2013
o Agrauxine is sold to Lesaffre Group. Agrauxine focuses its activity on
the development of bio-control products.
o Biomerieux completed the acquisition of Biofire Diagnostics for an
amount of $450 million (329 million Euros).
o EOS imaging announces the acquisition of OneFit Medical for an
amount of 4 million Euros.
o Eurofins strengthens its bioanalysis activity thanks to Merck KGAA.
o Eurofins SCIENTIFIC purchases IDMYK laboratory.
o Hybrigenics announces the acquisition by Hybrigenics Services, its
proteins interactions specialized branch, of the Dualsystems Biotech’s
double-hybrid screening platforms in yeast.
o Hybrigenics announces the acquisition of Imaxio’s genomics activities
in addition to a 1.3 million Euros fund raising resulting in a private
placement dedicated to Pradeyrol Development.
o Indicia Production purchases Biotechnologie Appliqué.
o Nicox sets up a trading network in Italy thanks to the acquisition of
Eupharmed.
o Transgene announces the acquisition of the immuno-monitoring
activities of the company Indicia Biotech by Platine Pharma Services,
one of its participations.
o Transgene announces its investment in the capital of ElsaLys Biotech.
The biotech company has invested in a first funding round worth 2.1
million Euros.
o Transgene is willing to sell to the South-Korean company Sillajen its
8.5% participation in Jennerex.
Updated on 12/30/2014 2014 – Facts and Figures 47
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
2012
o At the end of October 2012, Biosynex announced the acquisition of
the rapid diagnostics tests activity of the German company Sensogen.
o On November 06, 2012, Exonhit announced the acquisition of Ingen
Biosciences for an amount of 19 million Euros; the new born company
is known as Diaxonhit.
o On December 24, 2012, Eurofins announced the acquisition of Cerep.
o On March 2012, Eclat Pharmaceuticals has been acquired by Flamel
Technologies for an amount of $12 million (8.8 million Euros) .
o After Tekka’s bankruptcy, the company has been taken over by Menix
since September 2012.
o On December 21, 2011, Novagali Pharma was sold to the Japanese
company Santen Pharmaceutical for an amount of 102 million Euros.
o On June 27, 2012, Theradiag acquired Prestizia.
o On December 18, 2012, Vivalis announced the acquisition of Intercell
for an amount of 133 million Euros; the newborn company is known as
Valneva since June 2013.
Updated on 12/30/2014 2014 – Facts and Figures 48
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Main venture capital actors in the French Life
Sciences Industry
1) Bpifrance
2) CM-CIC Capital Privé
3) Sofinnova Partners
4) Truffle Capital
5) Seventure Partners
6) Edmond de Rothschild Partner
7) Idinvest Partners
8) Omnes Capital
9) Auriga Partners
10) Midi Capital
Updated on 12/30/2014 2014 – Facts and Figures 49
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Financial support from Bpifrance and the ANR
Bpifrance
Since July 12, 2013, Oseo, CDC Entreprises, FSI and FSI Régions have merged to give birth to Bpifrance. The new institution is willing to invest €1.7 billion in innovative small and mid-size companies until 2017.
2014
Vexim: €5 million, in January
Gensight Bilogics: €3 million, in March
Gamamabs Pharma: €0.6 million, in March
Diaxonhit: €1.7 million, in April
Carbios: €0.7 million, in December
Carmat: €5.2 million, in December
2013
Antabio: €0.74 million
CellProthera: €4.6 million, in July
Global Bioenergies: €740,000
Nanobiotix: €9 million, in July
2012
Eyevensys: €0.65 million, in January
Novasep: €30 million, in March
Valneva: €25 million, in December
Stentys: €15 million, in October
DBV Technologies: €15 million, in March
2011
Cellectis: €25 million, in September
DBV Technologies: €6 million, in November
Advicenne Pharma: €3 million, in May
2010
Adocia: €6 million, in January
Genticel: €3 million, in July
Poxel: €5 million, in September
Art: €3.3 million, in November
Supersonic Imagine: €4.75 million, in November
Cerenis: €20 million, in July
Updated on 12/30/2014 2014 – Facts and Figures 50
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
ANR
2012
9 calls for projects in the various health support
91 projects were funded for a total amount of €53.3 million
2010
14 projects funded for an amount of €9.6 million
2009
18 projects funded for an amount of €16.1 million
24 projects for an amount of €5.3 million
2008
24 projects funded for an amount of €24.9 million
28 projects for an amount of €6.7 million
Updated on 12/30/2014 2014 – Facts and Figures 51
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Competitiveness Clusters
7 competitiveness clusters are directly attached to the biopharmaceutical sector in France. Additionally, an alliance between the Orpheme, Bio-Mediterranean and Holobiosuf clusters recently led to the formation of the Eurobiomed cluster.
List of the competitiveness clusters:
Alsace Biovalley, global-oriented cluster
Region: Alsace Project Leader: Alsace BioValley Primary focus areas: Genetic drugs, Pharmaceutical chemistry,
Imagery, Medical robots and Surgery. Visit the cluster website: http://www.alsace-biovalley.com
Atlantic Biotherapies Region: Pays de la Loire
Project Leader: association Atlantic Biothérapies20
Primary focus areas: Bio-diagnostics and biomedicine (discovery, vectorization, production and clinical evaluation of biomedicines) Visit the cluster website: http://www.atlantic-biotherapies.com/
Cancer Bio Santé
Regions : Midi-Pyrénées and Limousin Project Leader : Cancer Bio Santé Association Primary focus areas: Cancer (therapies, biomarkers, diagnostics,
imagery and medical devices) Visit the cluster website: http://www.cancerbiosante.fr/
Eurobiomed, Region: Languedoc Roussillon and Provence Alpes Côte d'Azur
Project Leader: competitiveness cluster ORPHEME and Holobiosud and Bioméditerranée clusters Primary focus areas: new pathologies and orphan diseases
Visit the cluster website: http://www.eurobiomed.org/
Lyon Biopôle, global cluster Region: Rhône-Alpes Project Leader: Association Lyon Biopôle
Primary focus areas: Infectious diseases, Virology, Immunology and Viralinduced cancers. Visit the cluster website: www.lyonbiopole.com
Updated on 12/30/2014 2014 – Facts and Figures 52
France Biotech – 3-5, Impasse Reille – 75014 Paris – Tel : 01 56 58 10 70 – Fax : 01 56 58 20 33
Medicen (originally named MédiTech Santé Paris Région), global
cluster Region: Ile de France Project Leader: Association Méditech Santé Paris Région
Primary focus areas: Advanced technologies and new therapies for human health, Neuroscience, Oncology, Infectious diseases, Cellular and Molecular Medicine, Biomedical imagery and general drug
sciences. Visit the cluster website: http://www.medicen.org/
Nutrition Santé Longévité Region: Nord -Pas- de- Calais Project Leader: Nutrition Santé Longévité Cluster Association
Primary focus areas: Nutrition (nutrient delivery systems for metabolic disorders and aging) Visit the cluster website: http://www.pole-nsl.org