ARTICLE | Deals
VCs gain exit as AbbVie buys UCB neuro spinout Syndesi
With Syndesi takeout, AbbVie gains clinical molecule designed to improve cognitive function
March 1, 2022 10:34 PM UTC
AbbVie’s purchase of Belgian neuroscience company Syndesi for $130 million up front will allow a VC syndicate to realize an exit about four years after the group facilitated the biotech’s spinout from UCB.
The deal gives AbbVie Inc. (NYSE:ABBV) clinical SV2A modulator SDI-118, which began a Phase I study in October to treat elderly patients with cognitive decline. The molecule had completed three other Phase I trials that yielded data about target engagement and biomarker measurements...
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