French VC firm AdBio expands into Canada with Montréal office

Canada’s life sciences sector will have a new player as a European fund opens an office in Montréal. The news: AdBio Partners , a Paris-based early-stage life sciences VC fund backed by the French government and the European Union’s investment fund, announced on Tuesday that it’s expanding into Canada with a Montréal office. AdBio also said it’s launching its third fund with a target size of 120 million euros ($193 million CAD), backed by 7 million euros ($11 million CAD) from Québec labour-spon