AbbVie Acquires Syndesi Therapeutics

March 1, 2022

AbbVie has acquired Syndesi Therapeutics for up to US$1.0 billion, including US$130 million upfront, to strengthen its neuroscience portfolio and accelerate Syndesi's lead SV2A program SDI-118 into later-stage development. Syndesi was a Novo Seeds / UCB spin-out backed by Novo Holdings and a syndicate of Belgian and international investors.

Buyers
AbbVie
Targets
Syndesi Therapeutics
Sellers
Novo Holdings, UCB Pharma, V-Bio Ventures, Vives Fund, Syndicate of Belgian and international investors
Industry
Biotechnology
Location
Belgium
Transaction Type
Buyout

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