syndesi therapeutics abbvie

Wednesday, March 2, 2022 Novo Holdings, an international life sciences investor, annunced that its portfolio company Syndesi Therapeutics ('Syndesi') has been acquired by AbbVie for up to US$1 billion in total deal value with US$ 130 million upfront. St. Kitts (+1869) Syndesi's 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 neurotransmission. "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. China (+86) The company has also benefited from support from the Walloon Region. "There is a major unmet need for new therapies that can help improve cognitive function in patients suffering from difficult-to-treat neurologic diseases," saidTom Hudson, M.D., senior vice president, R&D, chief scientific officer, AbbVie. Sri Lanka (+94) Fountain Healthcare Partners. We also welcome the opportunity to hear from you in these social channels, but remember we work in a highly-regulated industry with unique legal considerations. Mayotte (+269) Liberia (+231) 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. Vanuatu (+678) Panama (+507) AbbVie (NYSE: ABBV) today announced it has completed the acquisition of Syndesi Therapeutics SA, which will help to expand AbbVie's neuroscience portfolio. On March 1, 2022 AbbVie (NYSE: ABBV) reported it has completed the acquisition of Syndesi Therapeutics SA, which will help to expand AbbVie's neuroscience portfolio (Press release, AbbVie, MAR 1, 2022, View Source [SID1234609248]). Synaptic dysfunction is believed to underlie the cognitive impairment seen in multiple neuropsychiatric and neurodegenerative disorders. With an upfront payment of $130 million, AbbVie gains Syndesi's portfolio of novel modulators of the synaptic vesicle protein 2A (SV2A), including its lead molecule SDI-118. Synaptic dysfunction is believed to underlie the cognitive impairment seen in multiple neuropsychiatric and neurodegenerative disorders. This acquisition gives AbbVie access to Syndesi's portfolio of novel modulators of the synaptic vesicle protein 2A (SV2A), including its lead molecule SDI-118. AbbVie assumes no duty to update the information to reflect subsequent developments. Seychelles (+248) Ukraine (+380) Cyprus North (+90392) AbbVie has acquired Belgium-based company Syndesi Therapeutics in a deal worth up to $1bn, expanding its neuroscience portfolio. The lead molecule, SDI-118, was discovered by UCB before being out-licensed to Syndesi as of 2018. Niger (+227) AbbVie has acquired Syndesi Therapeutics from Novo Holdings for up to $1 billion. If you are an entrepreneur with an ambitious plan, use the button below to say hello. Maldives (+960) Jonathan Savidge, Chief Executive Officer, Syndesi Therapeutics, said: "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. Turks & Caicos Islands (+1649) Somalia (+252) Out of 60 sectors in the Mergr database, life science ranked 7 in number of deals in 2022.The largest life science acquisition in 2022 was Viatris - Biosimilars - which was acquired by Biocon for $3.3B.. Join Mergr to view all 112 acquisitions of life science companies in 2022, including 5 acquisitions by private equity firms, and . Marshall Islands (+692) Latvia (+371) North Chicago, Illinois-based AbbVie announced Tuesday that it paid $130 million up front to acquire Syndesi Therapeutics. AbbVie is an American publicly traded biopharmaceutical company founded in 2013. This acquisition gives AbbVie access to Syndesi's portfolio of novel modulators of the synaptic vesicle protein 2A (SV2A), including its lead . For more information about AbbVie, please visit us atwww.abbvie.com. Chile (+56) Novo Holdings also manages a broad portfolio of diversified financial assets. Singapore (+65) Lithuania (+370) Further information : www.novoholdings.dk. For more information about AbbVie, please visit us atwww.abbvie.com. Under the deal, Abbvie will pay Syndesi shareholders $130 million (116 million) upfront. Kiribati (+686) Cambodia (+855) Brunei (+673) AbbVie announced it has completed the acquisition of Syndesi Therapeutics SA, which will help to expand AbbVie's neuroscience portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Terms of use The company has also benefited from support from the Walloon Region. Denmark (+45) from 8 AM - 9 PM ET. 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). Nigeria (+234) michaels paper letters. Comoros (+269) This acquisition gives AbbVie access to Syndesi's portfolio of novel modulators of the synaptic vesicle protein 2A (SV2A), including its lead molecule SDI-118. Additional information about the economic, competitive, governmental, technological and other factors that may affect AbbVie's operations is set forth in Item 1A, "Risk Factors," of AbbVie's 2021 Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, as updated by its subsequent Quarterly Reports on Form 10-Q. Synaptic dysfunction is believed to underlie the cognitive impairment seen in multiple neuropsychiatric and neurodegenerative disorders. Korea South (+82) Additional information about the economic, competitive, governmental, technological and other factors that may affect AbbVie's operations is set forth in Item 1A, "Risk Factors," of AbbVie's 2021 Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, as updated by its subsequent Quarterly Reports on Form 10-Q. Poland (+48) AbbVie undertakes no obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law. Micronesia (+691) Bosnia Herzegovina (+387) It has been a pleasure to partner with our investors to investigate the potential of SDI-118 in early clinical studies. Follow @abbvie on Twitter, Facebook, Instagram, YouTubeand LinkedIn. AbbVie corporate and US headquarters. Sweden (+46) Armenia (+374) Follow @abbvie on Twitter, Facebook, Instagram, YouTube and LinkedIn. Belarus (+375) 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. AbbVie's acquisition of Syndesi is a testament to our strategy as well as to the leadership team, the assets they developed and the strategy they executed. Tajikstan (+7) Guyana (+592) View our social media channel guidelines , AbbVie.com AbbVie will pay shareholders of Syndesi Therapeutics an advance payment of $130 million as part of the transaction, but may also make additional payments of up to $870 million if certain predetermined milestones are reached. 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. Turkey (+90) AbbVie announced it has completed the acquisition of Syndesi Therapeutics SA, which will help to expand AbbVies neuroscience portfolio. Azerbaijan (+994) This acquisition gives AbbVie access to Syndesi's portfolio of novel modulators of the synaptic vesicle protein 2A (SV2A), including its lead molecule SDI-118. Northern Marianas (+670) Goodwin Procter LLP acted as lead legal counsel, along with Deloitte Legal, Belgium, and Lazard acted as the exclusive financial adviser to Syndesi. 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. India (+91) Brazil (+55) ACCUEIL; SERVICES. According to the deal, shareholders of Syndesi will receive an upfront payment of $130m from AbbVie. As one of the leading pharmaceutical companies in CNS drug development globally, AbbVie makes the perfect partner to maximize the potential benefit of Syndesi's lead candidate, SDI-118, for the treatment of cognitive impairment across multiple diseases.". The mechanism is currently . Cookie Settings. We have been impressed with the vision of AbbVies 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. El Salvador (+503) syndesi therapeutics products. Syndesi's 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 neurotransmission. 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. "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. Sierra Leone (+232) Now, as part of AbbVie, the program is well positioned to move into later stages of clinical development.". | "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.". Guatemala (+502) Indonesia (+62) 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). Japan (+81) AbbVie's mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. Swaziland (+268) Uruguay (+598) Austria (+43) Now, as part of AbbVie, the programme is well positioned to move into late-stage clinical development.". On . Such risks and uncertainties include, but are not limited to, failure to realize the expected benefits from AbbVie's acquisition of Allergan plc ("Allergan"), failure to promptly and effectively integrate Allergan's businesses, competition from other products, challenges to intellectual property, difficulties inherent in the research and development process, adverse litigation or government action, changes to laws and regulations applicable to our industry and the impact of public health outbreaks, epidemics or pandemics, such as COVID-19. Cook Islands (+682) 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. This area is reserved for members of the news media. - Expands AbbVie's neuroscience portfolio, adding first-in-class modulators of the synaptic vesicle protein 2A, including lead molecule SDI-118 currently in Phase 1b studies. syndesi therapeutics products. Slovenia (+386) | Spain (+34) Goodwin Procter LLP acted as lead legal counsel, along with Deloitte Legal, Belgium, and Lazard acted as the exclusive financial adviser to Syndesi. Privacy policy AbbVie will pay Syndesi's shareholders a $130 million upfront payment with the potential for Syndesi's shareholders to receive additional contingent payments of up to $870 million based on the achievement of certain predetermined milestones. Bangladesh (+880) Copyright 2019 Leo MarCom Pvt. Greece (+30) Malta (+356) Ghana (+233) Site map Costa Rica (+506) "We have been impressed with the vision of AbbVie's neuroscience R&D team, who share our view on the therapeutic potential of SDI-118 in a range of neurologic diseases," said Jonathan Savidge, chief executive officer, Syndesi Therapeutics. Croatia (+385) Russia (+7) I am delighted with the closing of this deal. Iraq (+964) AbbVie is providing these links to you only as a convenience and the inclusion of any link does not imply endorsement of the linked site by AbbVie. Martinique (+596) Syndesi was created through a partnership between UCB Biopharma SRL and a syndicate of Belgian and international investors to further develop novel SV2A modulators that had been originally discovered by UCB. Liechtenstein (+417) As a life science investor, Novo Holdings provides seed and venture capital to development-stage companies and takes significant ownership positions in growth and well-established companies. Portugal (+351) - Deal value of US$ 1 billion with US$ 130 million upfront, - Novo Holdings co-created Syndesi Therapeutics in partnership with UCB Pharma and co-led the Series A financing, - Syndesi's lead program SDI-118 to be accelerated by AbbVie to the benefit of patients suffering from cognitive impairment associated with a range of neurodegenerative and neuropsychiatric diseases. Cayman Islands (+1345) Kenya (+254) Turkmenistan (+7) See the full leadership team at Craft. Uganda (+256) Jamaica (+1876) Faroe Islands (+298) Such risks and uncertainties include, but are not limited to, failure to realize the expected benefits from AbbVie's acquisition of Allergan plc ("Allergan"), failure to promptly and effectively integrate Allergan's businesses, competition from other products, challenges to intellectual property, difficulties inherent in the research and development process, adverse litigation or government action, changes to laws and regulations applicable to our industry and the impact of public health outbreaks, epidemics or pandemics, such as COVID-19. Peru (+51) Norway (+47) Guinea - Bissau (+245) Serbia (+381) 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. Belize (+501) The deal will allow AbbVie to access Syndesi's research into the potential treatment of cognitive impairment and other symptoms associated with neurodegenerative and neuropsychiatric disorders, including major depressive disorder and Alzheimer's disease. Malaysia (+60) Virgin Islands - British (+1284) Papua New Guinea (+675) The collaborative effort by Novo Seeds and UCB Pharma - alongside a syndicate of Belgian and international investors - enabled Chief Executive Officer Jonathan Savidge and his team to focus on progressing the first-in-class synaptic vesicle protein 2A (SV2A) programme into clinical Phase 1b studies. 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 Cleary Gottlieb Steen & Hamilton LLP acted as legal counsel to AbbVie. Write CSS OR LESS and hit save. 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'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. New Zealand (+64) 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. . The lead molecule, SDI-118, was discovered by UCB before being out-licensed to Syndesi as of 2018. Zambia (+260) Copyright 2022 AbbVie Inc. North Chicago, Illinois, U.S.A. COPENHAGEN, Denmark, March 1, 2022 /PRNewswire/ -- Novo Holdings, a leading international life sciences investor, today announces that its portfolio company Syndesi Therapeutics ('Syndesi'). Equatorial Guinea (+240) AbbVie (NYSE: ABBV) today announced it has completed the acquisition of Syndesi Therapeutics SA, which will help to expand AbbVie's neuroscience portfolio. Hungary (+36) (Credit: AbbVie Inc) US-based AbbVie has closed the acquisition of Syndesi Therapeutics, a Belgian biotechnology company developing novel treatments for cognitive impairment, to expand its neuroscience portfolio. Congo (+242) Slovak Republic (+421) Bahrain (+973) Shares of AbbVie ABBV, +0.40% were down 0.6% in premarket trading on Tuesday after the company completed a $1 billion acquisition of Syndesi Therapeutics SA. We strive to have a remarkable impact on peoples lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, womens health and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio. Luxembourg (+352) Gibraltar (+350) Unless otherwise specified, all product names appearing in this Internet site are trademarks owned by or licensed to AbbVie Inc., its subsidiaries or affiliates. 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). Qatar (+974) It has been a pleasure to partner with our investors to investigate the potential of SDI-118 in early clinical studies. It originated as a spin-off of Abbott Laboratories History. Now, as part of AbbVie, the program is well positioned to move into later stages of clinical development.". When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Founding CEO at Syndesi Therapeutics (now an AbbVie Company) Saudi Arabia (+966) This acquisition gives ABBV ie. This acquisition gives AbbVie access to Syndesi's portfolio of novel modulators of the synaptic vesicle protein 2A (SV2A), including its lead molecule SDI-118. Subscribe for email alerts Syndesi 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. AbbVie Acquires Syndesi Therapeutics, Strengthening Neuroscience Portfolio - Expands AbbVie's neuroscience portfolio, adding first-in-class modulators of the synaptic vesicle protein 2A, including lead molecule SDI-118 currently in Phase 1b studies - Novel mechanism will be | Synaptic dysfunction is believed to underlie the cognitive impairment seen in multiple neuropsychiatric and neurodegenerative disorders. Now, as part of AbbVie, the program is well positioned to move into later stages of clinical development.". Italy (+39) . With AbbVies 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.. | Georgia (+7880) Follow @abbvie on Twitter, Facebook, Instagram, YouTubeand LinkedIn. Published on March 6, 2022. AbbVie (NYSE: ABBV) completed the acquisition of Syndesi Therapeutics SA, a Belgium-based clinical stage biotechnology company pioneering the development of novel . Syndesi Therapeutics's Chief Executive Officer is Jonathan Savidge. Subscription management. Tonga (+676) Sao Tome & Principe (+239) It has been a pleasure to partner with our investors to investigate the potential of SDI-118 in early clinical studies. The lead molecule, SDI-118, is a small molecule currently in Phase 1b studies, which is being evaluated to target nerve terminals to enhance synaptic efficiency. Wallis & Futuna (+681) Tunisia (+216) Virgin Islands - US (+1340) St. Helena (+290) Puerto Rico (+1787) Rwanda (+250) Germany (+49) Gabon (+241) Angola (+244) The lead molecule, SDI-118, is a small molecule currently in Phase 1b studies, which is being evaluated to target nerve terminals to enhance synaptic efficiency. Solomon Islands (+677) 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 . Cleary Gottlieb Steen & Hamilton LLP acted as legal counsel to AbbVie. Central African Republic (+236) This acquisition gives AbbVie access to Syndesi's portfolio of novel modulators of the synaptic vesicle protein 2A (SV2A), including its lead molecule SDI-118. Trinidad & Tobago (+1868) AbbVie (NYSE: ABBV) has acquired of Syndesi Therapeutics, giving the former access to a portfolio of novel modulators of the synaptic vesicle protein 2A (SV2A), including lead molecule SDI-118. Aruba (+297) Milestone payments could bring shareholders of the biotech up to. COPENHAGEN, Denmark, March 1, 2022 /PRNewswire/ -- Novo Holdings, a leading international life sciences investor, today announces that its portfolio company Syndesi Therapeutics ('Syndesi') has been acquired by AbbVie (NYSE: ABBV) for up to US$1 billion in total deal value with US$ 130 million upfront. Mexico (+52) Cape Verde Islands (+238) 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. Let's connect does johns hopkins accept aetna insurance edinburgh vs kelty prediction visual illusions genre crossword cheap greyhound coats. Iran (+98) Ltd., All Rights Reserved. Switzerland (+41) Anguilla (+1264) Korea North (+850) 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. Bolivia (+591) USA (+1) Botswana (+267) The company has also benefited from support from the Walloon Region. Guadeloupe (+590) Barbados (+1246) 01 Mar, 2022, 13:00 GMT. Guinea (+224) Jordan (+962) I am delighted with the announcement of this deal. Some statements in this news release are, or may be considered, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. This acquisition gives AbbVie access to Syndesi's portfolio of novel modulators of the synaptic vesicle protein 2A (SV2A), including its lead molecule SDI-118. 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. This acquisition gives AbbVie access to Syndesi's portfolio of novel modulators of the synaptic vesicle protein 2A (SV2A), including its lead molecule SDI-118. Stage: Acquired Total Funds Raised: $20.8M Status: ACQUIRED - Novo Holdings co-created Syndesi Therapeutics in partnership with UCB Pharma and co-led the . Egypt (+20) Uzbekistan (+7) 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's mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. Company Type For Profit. That you have requested may not be optimized to your screen size site you consent to the,. 116 million ) upfront challenges of tomorrow as legal counsel to AbbVie `` Yes '' below! In early clinical studies 's mission is to discover and deliver innovative that., 2022 130m, along was supported by Irish venture capital firm Fountain Partners! From the Walloon Region deal value of us $ 130 million upfront us Symptoms of cognitive impairment seen in multiple neuropsychiatric and neurodegenerative disorders Portfolio < /a > Syndesi Therapeutics < Supported by Irish venture capital firm Fountain Healthcare Partners, which, together with Novo and LinkedIn payments of to. Potential of SDI-118 in early clinical studies limited liability company wholly owned the. 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