Argobio launches with 50 million euros, aiming to create pioneering biotech spinouts
Argobio, a newly-created start-up studio dedicated to life sciences, today announced its launch with 50 million euros ($60.3 million) of committed capital.
Argobio was initiated by Kurma Partners, a Paris and Munich-based healthcare venture capital firm, and Bpifrance, the French national investment bank.
Complementary strategic investors were Italy’s privately-owned drugmaker Angelini Pharma, which gains a 30% with a loan of 15 million euros, Evotec (EVT: Xetra), a Germany-based drug discovery alliance and development partnership company, and France’s Institut Pasteur, internationally renowned center for biomedical research.
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