"We believe that SpePharm's management team has an effective strategy in place to become a leading specialty pharmaceutical company, meeting the needs of patients and physicians throughout Europe. Paul Capital Healthcare's investment in SpePharm is consistent with the Fund's mission to provide growth capital to innovative companies. The Fund's investments in SpePharm will help the Company achieve its strategic objectives and underscores Paul Capital Healthcare's commitment to tailoring financial vehicles that meet the unique needs of individual healthcare companies throughout the world."
James Gale, a founding partner and Managing Director of Signet Healthcare Partners commented:
"We are delighted that Paul Capital Healthcare has joined the SpePharm investor group. The Fund's financial commitment to the Company validates the substantial business opportunity for a pan-European specialty pharmaceutical company. SpePharm is taking a leadership position in the market for important therapeutic products with annual sales below euro 100M, which is underserved by large pharmaceutical companies. We believe that SpePharm is very well positioned to create value for patients, healthcare providers and the Company's investors."
Dr. Hubert Birner, General Partner of TVM Capital added:
"The investment by Paul Capital Healthcare will support SpePharm's strategy of growth through active in-licensing and/or M&A. We believe that the extensive business development network provided by Jean-Francois Labbe and his team, Paul Capital Healthcare and the founding investors TVM Capital and Signet HealthCare Partners will yield numerous high value opportunities for SpePharm."
About Paul Capital Healthcare and Paul Capital Partners
Through its funds, Paul Capital Healthcare is one of the largest
dedicated healthcare investors globally, with more than $1.5 billion in
equity capital commitments and debt facilities under management. Combined,
|SOURCE Paul Capital Healthcare|
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