In the top March M&A by deal value, AbbVie completed the acquisition of Syndesi Therapeutics for $130m upfront plus potential earnouts of up to $870m. Syndesi was created through a partnership between UCB Biopharma and a syndicate of Belgian and international investors to further develop novel SV2A modulators that had been originally discovered by UCB. AbbVie gains access to Syndesi's portfolio of novel modulators of the synaptic vesicle protein, a mechanism being evaluated for the potential treatment of cognitive impairment and other symptoms associated with a range of neuropsychiatric and neurodegenerative disorders, such as Alzheimer's disease and major depressive disorder. Syndesi's lead molecule, SDI-118, is currently in Phase Ib studies in targeting nerve terminals to enhance synaptic efficiency. Financing reached $7bn in biopharma, $683m in device, and $664m in diagnostics.
Read the full article – start your free trial today!
Join thousands of industry professionals who rely on In Vivo for daily insights
- Start your 7-day free trial
- Explore trusted news, analysis, and insights
- Access comprehensive global coverage
- Enjoy instant access – no credit card required
Already a subscriber?