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Transgene Launches €75.7M Push For Pipeline, Manufacturing

By James Etheridge

Wednesday, June 13, 2007

PARIS - Days after announcing that it was to receive an initial milestone payment of €10 million from the Basel, Switzerland-based pharmaceutical company F. Hoffmann-La Roche Ltd., before the end of June, and two months after an up-front payment of €13 million, Transgene SA announced the launch of a €75.7 million (US$101.1 million) capital increase to accelerate the development of its product pipeline and upgrade its manufacturing capabilities. (BioWorld International)

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