Sanofi pours $17 million into tech-based therapy firm
Sanofi Ventures, the investment arm of French pharma major Sanofi (Euronext: SAN), has entered into a $17 million deal with New York-based Click Therapeutics.
Click, which specializes in using software to treat affective disorders including major depression, insomnia and chronic pain, will use the funds to continue advancing its proprietary platform.
"We’ve evaluated many companies in this space, and we believe Click Therapeutics’ mobile patient engagement platform positions the company to be a leader in the field of prescription digital therapeutics," said Bernard Davitian, senior vice president and managing director of Sanofi Ventures. As part of the deal, Mr Davitian will join Click's board of directors.
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