Founded in December 2017 and based in Belgium, Syndesi is a clinical stage biotechnology company pioneering the development of novel therapeutics that modulate synaptic function to relieve the symptoms of cognitive impairment. The Daily Deal Newsletter, AbbVie Completes Acquisition of Syndesi Therapeutics, for Up To USD1 Billion, Capsida Biotherapeutics Raises $140M in Series A Funding, Avaxia Biologics Completes $11.4M Series B Financing. "We have been impressed with the vision of AbbVie's neuroscience R&D team, who share our view on the therapeutic potential of SDI-118 in a range of neurologic diseases," said Jonathan Savidge, chief executive officer, Syndesi Therapeutics. Augustine Therapeutics Belgium Private Located in Leuven, Belgium, Augustine Therapeutics is biotech company that discovers and develops innovative, best-in-class therapeutics for treating complex neurological disorders with axonal dysfunction. Synaptic dysfunction is believed to underlie the cognitive impairment seen in multiple neuropsychiatric and neurodegenerative disorders. Novo Holdings Syndesi Therapeutics Syndesi Therapeutics has 9 investors including Novo Holdings and Fountain Healthcare Partners. The company has also benefited from support from the Walloon Region. AbbVie Acquires Syndesi Therapeutics, Strengthening Neuroscience Syndesi Therapeutics has 5 employees across 2 locations and $21.13 m in total funding,. 21 11% increase. Goodwin Procter LLP acted as lead legal counsel, along with Deloitte Legal, Belgium, and Lazard acted as the exclusive financial adviser to Syndesi. Syndesi Therapeutics. AbbVie Bolsters Neuro Platform with $1B Syndesi Buy - PharmaLive | News About Syndesi Therapeutics. HQ. Belgium: AbbVie acquires Belgian biotech company Syndesi Therapeutics Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. Ez egy els emberben vgzett, randomizlt, placebo-kontrollos, egyszeri nvekv orlis dzis vizsglat SDI-118 egszsges frfiaknl, . The declared activity is Groothandel in farmaceutische producten. Belgium. Syndesi's Series A financing was co-led by Novo Holdings together with Fountain Healthcare Partners, with participation from Johnson & Johnson Innovation JJDC, Inc., SRIW (Socit Rgionale d'Investissement de Wallonie), V-Bio Ventures and Vives Fund, along with UCB Ventures. The lead molecule, SDI-118, was discovered by UCB before being out-licensed to Syndesi as of 2018. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. About Syndesi Therapeutics. UCB's Neuroscience researchers in Belgium have designed a unique class of novel SV2A modulators. Company profile page for Syndesi Therapeutics SA including stock price, company news, press releases, executives, board members, and contact information Syndesi is focused on developing therapeutics that modulate synaptic function to relieve the symptoms of cognitive impairment. Unlike other therapeutic approaches, our unique molecules act pre-synaptically to enhance synaptic efficiency by positively modulating the function of synaptic vesicle protein 2A (SV2A) which plays a central role in regulating synaptic transmission. "I am delighted with the closing of this deal. Syndesi Therapeutics is a Pharmaceutical Company located in Belgium, Europe, and was founded in 2018. ICH GCP. Syndesi Therapeutics - Crunchbase Company Profile & Funding Chemin du Cyclotron 6. AbbVie Inc. (ABBV) Acquires Syndesi Therapeutics, Strengthening 2008-2022 Sovereign Wealth Fund Institute. Report incorrect company . "There is a major unmet need for new therapies that can help improve cognitive function in patients suffering from difficult-to-treat neurologic diseases," said Tom Hudson, M.D., senior vice president, R&D, chief scientific officer, AbbVie. Syndesi Therapeutics is based in Belgium and will leverage UCB's neurology expertise in modulating the synaptic vesicle protein SV2A. Investor . The shareholders can receive additional contingent payments of $870 million upon the achievement of . Home AbbVie Completes Acquisition of Syndesi Therapeutics, for Up To USD1 Billion, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. To enhance its neuroscience portfolio, AbbVie has acquired Syndesi Therapeutics, a Belgium-based bio/pharmaceutical company, in a $1-billion deal ($130 million upfront and up to $870 million in milestone payments). It can be contacted at Chemin Du Cyclotron 6 . AbbVie Acquires Syndesi Therapeutics, Strengthening Neuroscience The mechanism is currently 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. NORTH CHICAGO, Ill., March 1, 2022 /PRNewswire/ -- AbbVie (NYSE: ABBV) today announced it has completed the acquisition of Syndesi Therapeutics SA, which will help to expand AbbVie's neuroscience portfolio. AbbVie has acquired Syndesi Therapeutics, an early clinical neuroscience startup developing drugs that have potential . Klinikai vizsglat a Kognitv zavarok: SDI-118, Placebo - Klinikai The company was founded in December 2019 as a spin-off from VIB and is rooted in the groundbreaking . SYNDESI THERAPEUTICS Company Description SYNDESI THERAPEUTICS is a Naamloze vennootschap registered in Belgium with the Company reg no 0686.599.355. Under the agreement, AbbVie will pay Syndesi shareholders a $130-million upfront payment with the potential for Syndesi shareholders to receive additional contingent payments of up to $870 million based on the achievement of certain predetermined milestones. Abbvie pays up to 895m for Irish funded dementia drug group Get the latest business insights from Dun & Bradstreet. The lead molecule, SDI-118, has successfully completed three Phase I studies including PET target engagement and biomarker measures. They are also entitled to get further contingent payments of up to $870m on meeting specific pre-set milestones. The Phase I program has been supported in part by funding from the Walloon Region. The company is financed by a syndicate of international and Belgian investors: Novo Holdings, Fountain Healthcare, Johnson & Johnson Innovation - JJDC, Inc., SRIW (Socit Rgionale d'Investissement de Wallonie), V-Bio Ventures and Vives Fund, along with UCB Ventures. The company has also benefited from support from the Walloon Region. Syndesi Therapeutics is located in Louvain-la-neuve, Vlaams-Brabant, Belgium. Request Profile Update; Download Data AbbVie has acquired Syndesi Therapeutics from Novo Holdings for up to $1 billion. Under the terms of the agreement, AbbVie will pay Syndesi shareholders a $130 million upfront payment with the potential for Syndesi shareholders to receive additional contingent payments of up to $870 million based on the achievement of certain predetermined milestones. Syndesi Therapeutics - Overview, News & Competitors | ZoomInfo.com Syndesi Therapeutics: Pharmaceutical Company in Belgium, Europe. View company. There is a major unmet need for new therapies that can improve cognitive function across these various CNS disorders. The Phase I program has been supported in part by funding from the Walloon Region.Read More, View Email Formats for Syndesi Therapeutics, Syndesi Therapeuticss headquarters are in 6 Chemin Du Cyclotron, Louvain La Neuve, Wallonia, 1348, Belgium, Syndesi Therapeuticss phone number is +32 10280238, Syndesi Therapeuticss official website is www.syndesitherapeutics.com, Syndesi Therapeuticss revenue is <$5 Million, Syndesi Therapeutics is in the industry of: Manufacturing, Pharmaceuticals, The technologies that are used by Syndesi Therapeutics are: jQuery, RawGit, Squarespace Online Stores, Twitter Cards, Join the world's top companies using Zoominfo, See more information about Syndesi Therapeutics. Novo Holdings Portfolio Company Syndesi Therapeutics acquired by AbbVie AbbVie makes neuro drug connection with $130M Syndesi Therapeutics Founded in December 2017 and based in Belgium, Syndesi is a clinical stage biotechnology company pioneering the development of novel therapeutics that modulate synaptic function to relieve the symptoms of cognitive impairment. Associated Technologies Association, a not-for-profit business Syndesi Therapeutics Will Fight Cognitive Disorders Caused by Alzheimer's Syndesi Therapeutics | Sopartec With the support of our investors and other stakeholders, Syndesi's goal is to demonstrate the potential of these molecules to reduce the symptoms of cognitive impairment in patients with Alzheimer's Disease . All Rights Reserved. Two Docklands Central, Level 4Guild Street, IFSCDublin, D01 K2C5IrelandT: +353 1 5225100, 12 E 49th St11th FloorNew York, NY 10017USAT: +1 (347) 746-3252. Business Description. There is a major unmet need for new therapies that can improve cognitive function across these various CNS disorders. Now, as part of AbbVie, the program is well positioned to move into later stages of clinical development.". We strive to have a remarkable impact on people's lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women's health and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio. Brussels, Belgium - February 1st, 2018 - The creation of Syndesi Therapeutics ('Syndesi') was announced today as the result of a partnership between UCB and a syndicate of Belgian and international investors.The investor syndicate is led by Novo Seeds and Fountain Healthcare together with Johnson & Johnson Innovation - JJDC, Inc. (JJDC), V-BIO Ventures, the Walloon Investment Fund . | Contact Life Science. "With AbbVie's acquisition of Syndesi, we aim to advance the research of a novel, first-in-class asset for the potential treatment of cognitive impairment associated with neuropsychiatric and neurodegenerative disorders.". 2017. Syndesi Therapeutics is building upon a rich legacy of research on SV2A conducted at UCB. Syndesi Therapeutics is developing molecules that uniquely modulate the synaptic vesicle protein SV2A, which plays a central role in synaptic transmission (the communication between neurons in the brain). For more information about AbbVie, please visit us at www.abbvie.com. Cleary Gottlieb Steen & Hamilton LLP acted as legal counsel to AbbVie. Developer of drug molecules designed to treat cognitive impairment. The company is financed by a syndicate of international and Belgian investors: Novo Holdings, Fountain Healthcare, Johnson & Johnson Innovation - JJDC, Inc., SRIW (Socit Rgionale d'Investissement de Wallonie), V-Bio Ventures and Vives Fund, along with UCB Ventures. Founded in December 2017 and based in Belgium , Syndesi is a clinical stage biotechnology company pioneering the development of novel therapeutics that modulate . development association for companies engaged in the global bio/pharmaceutical manufacturing value chain. There was an error. If you are an entrepreneur with an ambitious plan, use the button below to say hello. Synaptic dysfunction, with the consequent disruption of connectivity between brain regions, underlies cognitive impairment seen in multiple CNS disorders, including Alzheimer's Disease and schizophrenia. This . Founded inDecember 2017and led by Jonathan Savidge, chief executive officer, Syndesi Therapeutics was created through a partnership between UCB Biopharma SRL and a syndicate of Belgian and international investors to further develop novel SV2A modulators that had been originally discovered by UCB. This acquisition gives AbbVie access to Syndesi's portfolio of novel modulators of V-Bio Ventures Portfolio Company Syndesi Therapeutics Acquired by AbbVie to Strengthen its Neuroscience Portfolio, AbbVie Acquires Syndesi Therapeutics, Strengthening Neuroscience Portfolio. Syndesi Therapeutics | EU-Startups Founded in December 2017 and based in Belgium, Syndesi is a clinical stage biotechnology company pioneering the development of novel therapeutics that modulate synaptic function to relieve the . SWFI is a minority-owned organization. Employees. AbbVie Acquires Syndesi Therapeutics, Strengthening Neuroscience Portfolio #Diseases of the nervous system . Turnhoutseweg 30. AbbVie buys Syndesi Therapeutics in what could be a $1B deal - Chicago To learn more, please visit www.dcat.org. AbbVie Acquires Syndesi Therapeutics - World Pharma Today AbbVie Bolsters Neuro Platform with $1B Syndesi Buy Syndesi Therapeutics, a Belgian developer of a series of novel, procognitive SV2A modulators, raised 17M in Series A financing. Synaptic dysfunction is believed to underlie the cognitive impairment seen in multiple neuropsychiatric and neurodegenerative disorders. GENT, BELGIUM, March 1, 2022 /EINPresswire.com/ -- V-Bio Ventures today announced the completion of the acquisition of its portfolio company Syndesi Therapeutics SA by AbbVie (NYSE: ABBV), which will help to expand AbbVies neuroscience portfolio. UCB identified novel modulators of SV2A that show pro-cognitive properties in preclinical models. Syndesi Therapeutics has raised 26.2M. The lead molecule, SDI-118, was discovered by UCB before being out-licensed to Syndesi as of 2018. AbbVie Acquires Syndesi Therapeutics, Strengthening Neuroscience 2016-2021 All Rights Reserved. Syndesi Therapeutics develops a drug candidate for the treatment of consecutive cognitive disorders of various neurological conditions. | AbbVie has acquired Belgium-based company Syndesi Therapeutics in a deal worth up to $1bn, expanding its neuroscience portfolio.. About Syndesi Therapeutics. About Syndesi Therapeutics. Founded in December 2017 and based in Belgium, Syndesi is a clinical stage biotechnology company pioneering the development of novel therapeutics that modulate synaptic function to relieve the symptoms of cognitive impairment. AbbVie Acquires Syndesi Therapeutics, Strengthening Neuroscience Founded in Belgium, Syndesi is a clinical stage biotechnology company pioneering the development of novel therapeutics that modulate synaptic function to relieve the symptoms of cognitive impairment. Belgium, 1 September 2021: ExeVir, which is developing single domain antibody therapies providing broad protection against viral infections, today announces that the first patient has been treated in a Phase 1b/2 global clinical study of XVR011, . Biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) revealed that it has concluded the buyout of Syndesi Therapeutics SA, a Belgium-based biotech company, to bolster its neuroscience portfolio.As per the agreed terms, AbbVie will pay shareholders of Syndesi an upfront payment of $130 million. Founded in December 2017 and based in Belgium, Syndesi is a clinical stage biotechnology company pioneering the development of novel therapeutics that modulate synaptic function to relieve the symptoms of cognitive impairment. Follow @abbvie on Twitter, Facebook, Instagram, YouTube and LinkedIn. About Syndesi Therapeutics. The mechanism is currently being evaluated for the potential treatment of cognitive impairment and other symptoms associated with a range of neuropsychiatric and neurodegenerative disorders, such as Alzheimers disease and major depressive disorder. Syndesi Therapeutics is developing molecules that uniquely modulate the synaptic vesicle protein SV2A, which plays a central role in synaptic transmission (the communication between neurons in the brain). Company Summary. Syndesi Therapeutics SA - Company Profile and News PDF Registered Address Chemin du Cyclotron 1348 Louvain-la-Neuve BELGIUM Syndesi will help to expand AbbVies neuroscience portfolio. Syndesi's unique molecules act pre-synaptically to enhance synaptic efficiency by . How much funding has Syndesi Therapeutics raised to date? SECTOR. This acquisition gives AbbVie access to Syndesis portfolio of novel modulators of the synaptic vesicle protein 2A (SV2A), including its lead molecule SDI-118. Syndesi Therapeutics has been formed by UCB and a group of investors, including Novo Seeds and V-Bio to develop a group of compounds for cognitive disorders caused by diseases like Alzheimer's. Syndesi Therapeutics will use of Belgian biotech UCB's expertise in drug discovery for neurological conditions to . Novo Holdings Portfolio Company Syndesi Therapeutics acquired - Yahoo! February 1, 2018 - 3 minutes. By checking this box, you confirm that you have read and are agreeing to our terms of use regarding the storage of the data submitted through this form. Syndesi's unique molecules act pre-synaptically to enhance synaptic efficiency by . Belgium. Its current trading status is "live". Syndesi Therapeutics Company Profile - Dun & Bradstreet AbbVie Acquires Syndesi Therapeutics, Strengthening Neuroscience V-Bio Ventures' Portfolio Company Syndesi Therapeutics Acquired by AbbVie to Strengthen its Neuroscience Portfolio GENT, BELGIUM, March 1, 2022 /EINPresswire.com/ -- V-Bio Ventures today announced the completion of the acquisition of its portfolio company Syndesi Therapeutics SA by AbbVie (NYSE: ABBV), which will help to expand AbbVie's neuroscience portfolio. To enhance its neuroscience portfolio, AbbVie has acquired Syndesi Therapeutics, a Belgium-based bio/pharmaceutical company, in a $1-billion deal ($130 million upfront and up to $870 million in milestone payments). Syndesi Therapeutics is a clinical-stage biotechnology company pioneering the development of novel therapeutics that modulate synaptic function to relieve the symptoms of cognitive impairment. President Biden Emphasizes Plan for Cancer Moonshot Program. The lead molecule, SDI-118, has successfully completed three Phase I studies including PET target engagement and biomarker measures. The essential resource for The mechanism is currently being evaluated . No affiliation or endorsement, express or implied, is provided by their use. The acquisition will expand AbbVie's neuroscience portfolio, including providing access to Syndesi's range of novel modulators of the synaptic . Founded in December 2017 and based in Belgium, Syndesi is a clinical stage biotechnology company pioneering the development of novel therapeutics that modulate synaptic function to relieve the . Fountain Healthcare Partners. Abbvie announced on Tuesday that it has bought Syndesi Therapeutics, a Belgian company backed by Irish venture capital group Fountain Healthcare Partners. Founded in December 2017 and based in Belgium, Syndesi is a clinical stage biotechnology company pioneering the development of novel therapeutics that modulate synaptic function to relieve the symptoms of cognitive impairment. Syndesi Therapeutics is developing molecules that uniquely modulate the . AbbVie Acquires Syndesi Therapeutics in $1-Bn Deal Syndesi Therapeutics | flanders.bio AbbVie's mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. Syndesi's unique molecules act pre-synaptically to enhance synaptic efficiency by positively modulating the function of . Description. Syndesi is based on research from Belgian pharmaceutical company UCB. It was registered 2017-12-19. Syndesi Therapeutics SA, a clinical stage biotechnology company developing novel modulators of . Syndesi Therapeutics Company Profile: Acquisition & Investors | PitchBook
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