Sofinnova Partners Voted 2008 “European Venture Capital Firm of the Year”

PARIS - Private Equity International Award recognizes Sofinnova’s
investment leadership in promising start-ups; 2009 off to strong start in
portfolio company M&A

Sofinnova Partners (www.sofinnova.fr), a Paris-based
venture capital firm, announced today that it has been awarded the 2008
“European Venture Capital Firm of the Year” by the publication Private Equity
International (PEI) and its on-line version, Private Equity Online (PEO). The
award recognizes Sofinnova’s investment expertise and leadership in Western
Europe’s technology and life sciences industries throughout 2008.

“We are thrilled to be recognized for our solid investment
style during these turbulent economic times,” said Jean Schmitt, managing
partner at Sofinnova Partners. “Since our creation in 1972, Sofinnova has
prided itself on being more than just a source of funding: we feel that
strategic venture capital plays a key role in the development of a portfolio
company, and the Sagem Wireless spin-off in 2008, in particular, was an
example of this approach.”

Sofinnova orchestrated the spin-off of Sagem Wireless from
Safran Group, structuring Sagem Wireless as a future proof handset maker. The
spin-off was completed in December 2008. Sofinnova has a history of working
alongside companies with promising technologies and nurturing them from
inception to exit.

Sofinnova’s 2008 investments totaled 88 million euros, split
between 70 million euros in follow-on rounds in 22 life sciences and
technology companies, and 18 million as lead investor in three new
financings, Creabilis (Italy), Mydeco (UK) and newly spun-off Sagem Wireless
(France). Sofinnova makes a point of working with serial entrepreneurs, which
in 2008 included, among others, Jean-Louis Dasseux, CEO of Cerenis (formerly
with Esperion), Philippe Dro, CEO of GlycoVaxyn (former CEO of Endoart),
Mydeco’s founder, Brent Hoberman (founder of lastminute.com), Steve Ives, CEO
of Taptu (former CEO of Trigenix), Edwin Moses, CEO of Ablynx (former CEO of
Oxford Asymmetry) and Simon Wilkinson, CEO of Purple Labs (founder of
Magic4).

In 2008, Sofinnova also set the stage for two exits that were
completed during the first two months of 2009.

“We have seen the merger of Purple Labs and Esmertec to form
Myriad, creating the European leader in software development for mobile
phones. In addition, we recently announced the acquisition of CoreValve by
Medtronic for $700 million plus additional payments, one of the largest trade
sales of a private, venture-backed medical device company in history and
Sofinnova Partners’ largest win in its 35-year history” added Denis Lucquin,
managing partner at Sofinnova Partners. “We foresee strong M&A activity in
2009 for our portfolio companies: technologies making a real difference for
patients or for customers will always be valuable-such is the beauty of
venture. This proves the non-correlation of venture to the rest of the
economy.”

The PEI/PEO Awards are the only awards voted for by industry
members themselves, with nearly 60,000 votes cast across all categories.
Award winners were announced March 2 on PEO’s web site and will be published
in detail in its 2008 Private Equity Annual Review. The second annual Private
Equity International Awards Global Winners’ Celebration will take place on
June 4 in London. Specific votes per individual category were not disclosed.

About Sofinnova Partners

Sofinnova Partners is an independent venture capital firm
based in Paris, France. For over 35 years, the firm has backed nearly 500
companies at different stages of development - pure creations, spin-offs, as
well as turnaround situations - and worked alongside Europe’s key
entrepreneurs in the technology, life sciences and cleantech sectors. With
more than EUR1 billion of funds under management, Sofinnova Partners’
experienced team and hands-on approach in nurturing and supporting portfolio
companies through to exit have created market leaders and multiplied
revenues, from landmark historical investments including Genentech and Biogen
to more recent successes such as Actelion, Vistaprint and CoreValve. With a
global mindset, the firm has offices in Shanghai, China and a sister
organization in San Francisco, California. Please visit
www.sofinnova.fr for more information on Sofinnova’s team and
portfolio.

Source: Sofinnova Partners

Media contact: Christina Aplington, Ballou PR for Sofinnova, Tel: +33(0)1-42-22-24-10, christina at balloupr.com