Poxel raises EUR 16 million

Poxel S.A. (Lyon, France) raised EUR 16 million ($20.1 million) in a series A round led by Edmond de Rothschild Investment Partners. InnoBio Fund and Credit Agricole also participated. InnoBio is a venture fund managed by CDC Entreprises. Merck Serono S.A., a division of Merck KGaA (Xetra:MRK), spun out Poxel in March 2009. ...