UPDATED: French Gene Therapy for Blindness Launches another IPO

21/07/2016 - 2 minutes

Update (21/07/2016): Gensight has successfully completed its IPO, raising €40M. This brings the Biotech’s total market capitalization to near €149M. The option of round oversubscription to €46M is still open.

Originally published on 5/7/2016

After canceling its NASDAQ IPO back in April, GenSight is now launching on the Euronext Paris. It wants to raise €40M in total, but already has €29M covered. 

    

gensight eye gene therapy euronext pairsAs one of the better known Paris-based Biotechs, GenSight focuses on gene therapy for eye diseases. Its technology for mitochondrial and neurodegenerative diseases has immense potential, as we discussed in an interview with its CEO, Bernard Gilly.

This is also the ‘pitch’ for their IPO on the Euronext Paris, which has begun today and will end next Tuesday. The goal is to raise €40M, with an option for a maximum of €46M.

Related Content

Part of the money is already secured, as a group of previous investors will put up €17.3M.

This content is available exclusively to our paying members.

Our members receive the following benefits:

  • Unlock premium articles
  • Download our industry reports
  • Remove all banner ads
  • Access 1,500+ archived posts
  • Support our independent media
Already a member? Sign in
ADVERTISEMENT
Do you want to remove this advert? Become a member!
ADVERTISEMENT
Do you want to remove this advert? Become a member!

You might also be interested in the following:


Support Us

Become a Member