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The Biotech Rollercoaster Ride: From Lab To Buyout

Caixa Capital Risc's Pablo Cironi On Sanifit's Story

 
• By Kevin Grogan

After investing more than €23m in Sanifit, the Spanish firm being acquired by Vifor Pharma, Caixa Capital's director of life sciences investments spoke to Scrip about the venture capital firm's long-term approach.

Caixa logo
Spanish artist Joan Miró designed the Caixa logo • Source: Alamy

Having just seen portfolio company Sanifit Therapeutics S.A. snapped up by Vifor Pharma Group , constituting the largest acquisition in the Spanish biotech sector over the past few years, Pablo Cironi, director of life sciences investments at Caixa Capital Risc, has spoken to Scrip about the journey from seed funding to acquisition by a major pharma company. 

On 22 November, Vifor revealed it was paying €205m upfront for Sanifit, founded as a spin-off of the University of the Balearic Islands. Its lead compound is SNF472, a first-in-class...

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