Sanofi-Aventis, CDC Launch Biotech Venture Capital Fund

From dow jones newswires:

"French Finance Minister Nicolas Sarkozy Wednesday announced the launch of a biotechnology venture capital fund sponsored by Sanofi-Aventis SA (SNY) and the French state-owned bank Caisse des Depots et Consignations (CDC.YY).
The two businesses will invest EUR75 million in the fund, PharmaVent. The fund will finance health research and is open to other investors. It is expected soon to total EUR100 million."