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Gyroscope Therapeutics Announces Sanofi Investment Of Up To $60 Million

PUBLIC · SNYNov 08, 2021

Round Type

Venture

BiotechnologyHealth CareMedicalPharmaceutical

Description

Gyroscope Therapeutics Holdings plc (Gyroscope), a clinical-stage gene therapy company focused on diseases of the eye, today announced that Sanofi, a global biopharmaceutical company, has committed to invest up to USD $60.0 million (GBP £44.5 million) in equity in Gyroscope. Sanofi will invest $40.0 million in Gyroscope initially, at a premium to Gyroscope’s prior Series C financing, and the remaining $20.0 million will be invested contingent on a future qualifying investment round and subject to the satisfaction of certain closing conditions.

Quick answer

Sanofi raised an undisclosed amount in a funding round, dated November 8, 2021.

How much did Sanofi raise?
Sanofi raised an undisclosed amount in a funding round on November 8, 2021.
What does Sanofi do?
LONDON--(BUSINESS WIRE)--Gyroscope Therapeutics Holdings plc (Gyroscope), a clinical-stage gene therapy company focused on diseases of the eye, today announced that Sanofi, a global biopharmaceutical company, has..
Where is Sanofi based and how big is it?
Fundz records about 92,066 employees.
Who are the decision-makers at Sanofi?
Fundz holds 4 contacts at Sanofi, including the Chairman of the Board of Directors. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Medical and Pharmaceutical around the same time

Companies in the same sectors as Sanofi that raised within 45 days of this round, from Fundz verified event records.

  • Arcutis raised $225M (Debt Financing) on December 23, 2021.
  • Conavi Medical raised an undisclosed amount (Funding Round) on December 15, 2021.
  • AnHeart Therapeutics raised $61M (Series B) on December 14, 2021.
  • Route 92 Medical raised $111M (Series E) on December 14, 2021.
  • Biofrontera raised $15M on December 10, 2021.
  • medimaps group S.A raised $20M (Funding Round) on December 1, 2021.

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Company Information

Company

Sanofi

About

LONDON--(BUSINESS WIRE)--Gyroscope Therapeutics Holdings plc (Gyroscope), a clinical-stage gene therapy company focused on diseases of the eye, today announced that Sanofi, a global biopharmaceutical company, has committed to invest up to USD $60.0 million (GBP £44.5 million) in equity in Gyroscope.

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Related People

4 contacts
Verified contactsFrederic O., Chairman of the Board of Directors hiddenSee plans and pricing
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