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Ablynx

Ablynx completes EUR 40 million series C financing

Published in Pharma Investments, Ventures and Law Weekly, September 24th, 2006

Ablynx, a developer of nanobodies, a novel class of antibody-derived therapeutic proteins, has announced the successful closing of its series C financing round raising EUR 40 million (approximately US$50 million).

The international syndicate of investors was led by new investor KBC (Belgium), Belgium's leading bank for private and public equities. SR One (USA and U.K.), the venture capital arm of GSK, one of the world's leading research-based pharmaceutical and healthcare companies was the second new investor. All existing financial investors participated in the round - Abingworth Management (U.K.), Alta Partners (USA), Biotech Fund Flanders (Belgium), Gilde Healthcare...

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