Edmond de Rothschild sells stake in Glycovaxyn

Related Content Related Video Related Articles

Edmond de Rothschild Investment Partners has announced today that its BioDiscovery 3 portfolio company, GlycoVaxyn AG, a privately held specialist vaccine biopharmaceutical company, has been acquired by GlaxoSmithKline (GSK) in an all-cash transaction valuing the company at approximately $212m (€187.3m).

GlycoVaxyn, founded in 2004, is a spin out of the Swiss Polytechnic Institute of Zürich. It has developed a biological conjugation platform which enables the development of a new generation of conjugate vaccines against major bacterial infections.

The company which signed a major collaboration with GSK in 2012, is in Phase I with a vaccine candidate against E. coli infections and is expected to initiate a Phase I for a vaccine against Shigellosis (severe diarrhea) in the US soon.

Edmond de Rothschild Investment Partners led the series B round of Glycovaxyn in 2009.

Glycovaxyn was the second investment of BioDiscovery 3, a specialised life science investment fund managed by Edmond de Rothschild Investment Partners.

Raised in 2008, the fund has invested from 2008 to 2012 in a portfolio of 14 companies. So far seven of these companies have been sold through private transactions, four have been listed on public financial markets, and the remaining three are still privately held active companies.



InvestmentEurope is delighted to announce the Pan-Nordic Fund Selector Summit to be held on 10-11 March in Stockholm at the Grand Hôtel Stockholm.

Click here for further details: http://www.investmenteurope.net/event/pan-nordic-fund-selector-summit-2015/


Close Window
View the Magazine

You need to fill all required fields!