McDermott Advises Biotechnology Innovators DiogenX on its First Round of Financing to Develop Diabetes Breakthrough treatments

Overview


McDermott Will & Emery advised DiogenX on its first round of financing from a consortium of investors comprising Advent France Biotechnology (AFB), Boehringer Ingelheim Venture Fund and the US fund JDRF T1D, totaling €4.5 million.

DiogenX is a pre-clinical biotechnology company specializing in the development of pancreatic beta cell modulators for the treatment of Type 1 diabetes (T1D). Based upon the discoveries of Dr. Patrick Collombat’s laboratory (Inserm, CNRS, University of Nice), DiogenX is developing an innovative therapy that could become the first beta cell regeneration drug for diabetes. Therapies that directly modify the biology of beta cells can stop and even reverse the loss of function that occurs in T1D.

McDermott’s team was led by Anthony Paronneau and included Fanny Rech, who advised on the corporate aspects of the transaction, both in Paris.     

JDRF T1D was advised by Orsay Avocats Associés.

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