Sanofi pumps more capital into venture fund
French pharma major Sanofi (Euronext: SAN) has announced an additional multi-year commitment into its evergreen venture fund, with an increase in capital to more than $750 million.
As well as serving as a financial partner to top-tier early-to-mid-stage portfolio companies, the fund supports future efforts for business development and M&A opportunities within Sanofi.
The increased capital will also fuel the expansion and investment capacity of the Sanofi Ventures investment team on a global scale.
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