The proceeds will be used to expand the organization and build an industrial platform for the company's research and development program. Arexis is a drug discovery and development company, focusing on metabolic and inflammatory diseases. Arexis utilizes proprietary technologies to discover genetic components of common diseases. Arexis was founded in 1999. French legal portal Lexbase has received FRF 11 million in a third round of funding.
Investors are private individuals who are also shareholders of the company.
Lexbase was founded in 1998 and in mid-1999 received a first round of funding in a private placement from business angels as well as a second round of funding of FRF 17 million. Lexbase is an editor of legal information that provides legal consulting to its clients. The new funds will go toward the development of the editorial content of the website as well as the development of Intranet and new services during the summer. Lexbase was founded in 1998. French company PHS MEMS received Euro 31 million in a third round of funding.