ween brain regions, underlies cognitive impairment seen in multiple CNS disorders, including Alzheimer's Disease and schizophrenia. Syndesis 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 dInvestissement de Wallonie), V-Bio Ventures and Vives Fund, along with UCB Ventures. DCAT Value Chain Insights is produced by the Drug, Chemical & 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 . Abbvie announced on Tuesday that it has bought Syndesi Therapeutics, a Belgian company backed by Irish venture capital group Fountain Healthcare Partners. 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, . 2017. AbbVie will pay Syndesi shareholders an upfront payment of $130m as part . AbbVie (NYSE: ABBV) completed the acquisition of Syndesi Therapeutics SA, a Belgium-based clinical stage biotechnology company pioneering the development of novel therapeutics that modulate synaptic function to relieve the symptoms of cognitive impairment. Syndesi Therapeutics: Pharmaceutical Company in Belgium, Europe. They are also entitled to get further contingent payments of up to $870m on meeting specific pre-set milestones. 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. Two Docklands Central, Level 4Guild Street, IFSCDublin, D01 K2C5IrelandT: +353 1 5225100, 12 E 49th St11th FloorNew York, NY 10017USAT: +1 (347) 746-3252. UCB and investor syndicate led by Novo Seeds launch Syndesi US biopharmaceutical company, AbbVie, has completed the acquisition of Syndesi Therapeutics, a Belgium-based clinical stage biotechnology company. Follow @abbvie on Twitter, Facebook, Instagram, YouTube and LinkedIn. AbbVie Inc. said it's purchased a Belgian maker of neuroscience drugs in a deal that could be worth as much as $1 billion. Who invested in Syndesi Therapeutics? AbbVie buys Syndesi Therapeutics in what could be a $1B deal - Chicago 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. Klinikai vizsglat a Kognitv zavarok: SDI-118, Placebo - Klinikai Syndesi is focused on developing therapeutics that modulate synaptic function to relieve the symptoms of cognitive impairment. Syndesi Therapeutics - Overview, News & Competitors | ZoomInfo.com 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). The shareholders can receive additional contingent payments of $870 million upon the achievement of . 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. | Disclaimer 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 . 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. Established. "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. Syndesi Therapeutics is building upon a rich legacy of research on SV2A conducted at UCB. AbbVie Acquires Syndesi Therapeutics, Strengthening Neuroscience Its current trading status is "live". Fountain Healthcare Partners. The essential resource for 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. Syndesi Acquired by Abbvie for up to $1 Billion Alzheon. February 1, 2018 - 3 minutes. 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 . The company has also benefited from support from the Walloon Region. | Advertise No affiliation or endorsement, express or implied, is provided by their use. Home AbbVie Completes Acquisition of Syndesi Therapeutics, for Up To USD1 Billion, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. 6 Chemin Du Cyclotron, Louvain La Neuve, Wallonia, 1348, Belgium. Syndesi | VentureRadar The declared activity is Groothandel in farmaceutische producten. ICH GCP. There was an error. HQ. 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. 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. Syndesi's unique molecules act pre-synaptically to enhance synaptic efficiency by . The lead molecule, SDI-118, has successfully completed three Phase I studies including PET target engagement and biomarker measures. AbbVie expands neuroscience portfolio with Syndesi acquisition Top MOMA Therapeutics Competitors and Alternatives | Craft.co Syndesi Therapeutics | Sopartec About Syndesi Therapeutics. AbbVie has bolstered its neuropsychiatric and neurodegenerative portfolio with the acquisition of Belgium-based Syndesi Therapeutics in a deal valued at up to $1 billion. Syndesi Therapeutics has 5 employees across 2 locations and $21.13 m in total funding,. AbbVie (NYSE: ABBV) completed the acquisition of Syndesi Therapeutics SA, a Belgium-based clinical stage biotechnology company pioneering the development of novel . We will be in touch soon. 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. Framingham, US. SWFI is a minority-owned organization. Life Science. Syndesi Therapeutics Foundation date 19/12/2017 Sector #Biotechnology - Therapeutics Subsector. 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. Syndesi Therapeutics Company Profile: Acquisition & Investors | PitchBook The company was founded in December 2019 as a spin-off from VIB and is rooted in the groundbreaking . The company has also benefited from support from the Walloon Region. Syndesi's unique molecules act pre-synaptically to enhance synaptic efficiency by positively modulating the function of . Cleary Gottlieb Steen & Hamilton LLP acted as legal counsel to AbbVie. AbbVie Acquires Syndesi Therapeutics, Strengthening Neuroscience 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. Errors are noted below: Thanks for reaching out. 2016-2021 All Rights Reserved. 2008-2022 Sovereign Wealth Fund Institute. Novo Holdings Syndesi Therapeutics Synaptic dysfunction is believed to underlie the cognitive impairment seen in multiple neuropsychiatric and neurodegenerative disorders. . The lead molecule, SDI-118, has successfully completed three Phase I studies including PET target engagement and biomarker measures. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. Syndesi Therapeutics Will Fight Cognitive Disorders Caused by Alzheimer's 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 . AbbVie Acquires Syndesi Therapeutics, Strengthening Neuroscience Portfolio AbbVie Acquires Syndesi Therapeutics - World Pharma Today Description. AbbVie Inc. (ABBV) Acquires Syndesi Therapeutics, Strengthening 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. #Diseases of the nervous system . Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. It was registered 2017-12-19. Syndesi Therapeutics. Syndesi Therapeutics, a Belgian developer of a series of novel, procognitive SV2A modulators, raised 17M in Series A financing. About Syndesi Therapeutics. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. Now, as part of AbbVie, the program is well positioned to move into later stages of clinical development.". 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. development association for companies engaged in the global bio/pharmaceutical manufacturing value chain. Syndesi Therapeutics is a belgium based developing molecules and biotech company. According to the deal, shareholders of Syndesi will receive an upfront payment of $130m from AbbVie. 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. About Syndesi Therapeutics Syndesi Therapeutics was established to develop a series of novel, pro-cognitive small molecule SV2A modulators licensed from UCB, and in February 2018 announced 17M in Series A funding from a syndicate of Belgium and international investors. 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'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. When was the last funding round for . PDF Registered Address Chemin du Cyclotron 1348 Louvain-la-Neuve BELGIUM AbbVie Acquires Syndesi Therapeutics, Strengthening Neuroscience Portfolio, Priothera FDA and EMA Grant Orphan Drug Designation to mocravimod for the treatment of Acute Myeloid Leukemia (AML) in patients undergoing allogeneic hematopoietic stem cell transplantation (HSCT), Priothera Enters Loan Agreement of 17.5 Million with the European Investment Bank. The lead molecule, SDI-118, was discovered by UCB before being out-licensed to Syndesi as of 2018. AbbVie (NYSE: ABBV) today announced it has completed the acquisition of Syndesi Therapeutics SA, which will help to expand AbbVie's neuroscience portfolio. Find company research, competitor information, contact details & financial data for Syndesi Therapeutics of Ottignies-Louvain-la-Neuve, WALLOON BRABANT. Unlike levetiracetam and other types of SV2A modulators discovered and developed by UCB for epilepsy, the novel . It has been a pleasure to partner with our investors to investigate the potential of SDI-118 in early clinical studies. The North Chicago-based pharmaceutical giant (NYSE: ABBV . manufacturing value chain. 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 has 9 investors including Novo Holdings and Fountain Healthcare Partners. Syndesi Therapeutics - 1348, Ottignies-Louvain-la-Neuve - kompany The company's drugs can modulate the synaptic vesicle protein to handle the transmission between neurons in the brain to effectively treat Alzheimer's and other disorders with cognitive impairment, enabling healthcare providers to treat these diseases with the right . 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. Get the latest business insights from Dun & Bradstreet. Associated Technologies Association, a not-for-profit business Business Description. This acquisition gives AbbVie access to Syndesis portfolio of novel modulators of the synaptic vesicle protein 2A (SV2A), including its lead molecule SDI-118. 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 Strengthens Neuroscience Portfolio with Syndesi Acquisition 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 - Yahoo! 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