Sanofi has teamed up with state venture partners to launch a $ 100 m ( $ 500 million ) venture fund aimed at supporting biotech start - ups in France . The jointly seeded fund is expected to grow to around € 250 m with the involvement of additional investors .
Sanofi has teamed up with state bank BpiFrance to launch a €100m ($117m) venture fund aimed at fuelling biotech start-ups in France. The jointly seeded fund is expected to grow to around €250m with the involvement of additional investors.