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Pharming spins off from GenPharm, raises $12mm

Executive Summary

GenPharm International's European operation (biomedical proteins for humans from the milk of transgenic dairy cows) has been spun off as an independent company called Pharming BV; the unit had previously been known as Gene Pharming Europe. The company concurrently raised about $12mm from institutional investors in Europe, the US, and elsewhere in what is assumed to be its Series A round.
Deal Industry
  • Pharmaceuticals
  • Biotechnology
    • Large Molecule
    • Transgenics
Deal Status
  • Final
Deal Type
  • Financing
    • Spin-Off
    • Venture Financing

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