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GenSight takes phenture capital for A-to-X optogenetic therapy

This article was originally published in Scrip

Executive Summary

Venture funding usually gets a company from point A to point B, but the A round for a French ophthalmics start-up will probably take it to point X, where X stands for exit. According to CEO and co-founder Bernard Gilly, the four investors that have put €32 million ($40 million) into Gensight are fully aligned and none of them has made any commitment to a B round. Instead, Gilly says, by 2016 when the A round will be largely spent, Gensight will have a conditional approval for a gene therapy approach in a rare eye disease and “the conditions should be right for recruiting acquisition partners.”

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