When Ablynx was founded in 2001, it was a university spin-out with innovative biotechnology that the entrepreneurial founders knew had the potential to revolutionise the way new therapies are developed for certain diseases. Originally jointly funded by VIB (a Belgian research institute) and VC firm GIMV, the company raised €70m over the next six years from Sofinnova, Gilde, Alta Partners, Abingworth and KBC Private Equity. With their support, Ablynx launched an IPO on Euronext Brussels in 2007, followed by a $230m IPO in the US in 2017. During this time, the company secured partnerships with some of the world’s leading biotechnology companies and in 2018 Sanofi completed its acquisition of Ablynx for over €3.9bn.
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