BioCentury
ARTICLE | Finance

BioNet's Scil Set

Scil Proteins gets big cash injection from BioNet, eyes licensing deal

February 7, 2011 8:00 AM UTC

Scil Proteins GmbH has been funded by a single investor - BioNet Holding GmbH - for over 10 years. But last week was the first time the company announced a financing, raising €24 million ($32.7 million).

While the German company would not disclose how much it has raised in total, CFO Frank Ubags told Ebb & Flow this was the biggest single round it has received from BioNet...