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Denmark (+45) Kyrgyzstan (+996) Reunion (+262) In this process the team has added significant insights into the biology of SV2A and the mechanism of action of the Company's lead program SDI-118. Cambodia (+855) Germany (+49) Chile (+56) 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. AbbVie (NYSE: ABBV) today announced it has completed the acquisition of Syndesi Therapeutics SA, which will help to expand AbbVie's neuroscience portfolio. Venezuela (+58) Advisors Grenada (+1473) Belgium (+32) It has been a pleasure to partner with our investors to investigate the potential of SDI-118 in early clinical studies. Mexico (+52) Micronesia (+691) syndesi therapeutics products. Uzbekistan (+7) 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. 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 announced it has completed the acquisition of Syndesi Therapeutics SA, which will help to expand AbbVies neuroscience portfolio. Nicaragua (+505) Sao Tome & Principe (+239) Let's connect does johns hopkins accept aetna insurance edinburgh vs kelty prediction visual illusions genre crossword cheap greyhound coats. 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. Cape Verde Islands (+238) Central African Republic (+236) Oman (+968) 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. Goodwin Procter LLP acted as lead legal counsel, along with Deloitte Legal, Belgium, and Lazard acted as the exclusive financial adviser to Syndesi. Kenya (+254) Phone Number +32 10 280 238. 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. 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). Synaptic dysfunction is believed to underlie the cognitive impairment seen in multiple neuropsychiatric and neurodegenerative disorders. 2016-2021 All Rights Reserved. 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. "I am delighted with the closing of this deal. 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. 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 $870 million based on the achievement of certain predetermined milestones. Zimbabwe (+263). Solomon Islands (+677) Ethiopia (+251) AbbVie announced it has completed the acquisition of Syndesi Therapeutics SA, which will help to expand AbbVie's neuroscience portfolio. Bahamas (+1242) Faroe Islands (+298) The words "believe," "expect," "anticipate," "project" and similar expressions, among others, generally identify forward-looking statements. Nepal (+977) This acquisition gives AbbVie access to Syndesis portfolio of novel modulators of the synaptic vesicle protein 2A (SV2A), including its lead molecule SDI-118. We have been impressed with the vision of AbbVies neuroscience R&D team, who share our view on the therapeutic potential of SDI-118 in a range of neurologic diseases, said Jonathan Savidge, chief executive officer, Syndesi Therapeutics. Mozambique (+258) | Gibraltar (+350) Synaptic dysfunction is believed to underlie the cognitive impairment seen in multiple neuropsychiatric and neurodegenerative disorders. Brunei (+673) The mechanism is currently being evaluated for the potential treatment of cognitive impairment and other symptoms associated with a range of neuropsychiatric and neurodegenerative disorders, such as Alzheimer's disease and major depressive disorder. Some statements in this news release are, or may be considered, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Myanmar (+95) Maldives (+960) Madagascar (+261) It has been a pleasure to partner with our investors to investigate the potential of SDI-118 in early clinical studies. - Deal value of US$ 1 billion with US$ 130 million upfront. Goodwin Procter LLP acted as lead legal counsel, along with Deloitte Legal, Belgium, and Lazard acted as the exclusive financial adviser to Syndesi. Kazakhstan (+7) Qatar (+974) michaels paper letters. Guinea (+224) 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. Ltd., All Rights Reserved. Regulating synaptic transmission represents . Fountain Healthcare Partners. 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. According to the deal, shareholders of Syndesi will receive an upfront payment of $130m from AbbVie. Palau (+680) Fiji (+679) Other executives include John Kemp, Chief Scientific Officer; Torsten Madsen, Chief Medical Officer and 4 others. Guyana (+592) Moldova (+373) For more information about AbbVie, please visit us atwww.abbvie.com. ABBV ie (NYSE: ABBV) today announced it has completed the acquisition of Syndesi Therapeutics SA, which will help to expand ABBV ie's neuroscience portfolio. AbbVie (NYSE: ABBV) today announced it has completed the acquisition of Syndesi Therapeutics SA, which will help to expand AbbVie's neuroscience portfolio. India (+91) Sierra Leone (+232) About Syndesi Therapeutics Cayman Islands (+1345) The company has also benefited from support from the Walloon Region. Costa Rica (+506) Dominican Republic (+1809) Sudan (+249) Eritrea (+291) Turkey (+90) Virgin Islands - US (+1340) AbbVies mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. It has been a pleasure to partner with our investors to investigate the potential of SDI-118 in early clinical studies. Azerbaijan (+994) Cyprus South (+357) AbbVie is an American publicly traded biopharmaceutical company founded in 2013. 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. Cleary Gottlieb Steen & Hamilton LLP acted as legal counsel to AbbVie. 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. Togo (+228) Israel (+972) 01 Mar, 2022, 13:00 GMT. "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. Mongolia (+976) 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. Djibouti (+253) 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 Cleary Gottlieb Steen & Hamilton LLP acted as legal counsel to AbbVie seen in multiple neuropsychiatric neurodegenerative. Which will help to expand AbbVies neuroscience portfolio please visit US atwww.abbvie.com deal value of US $ 1 billion US. Million upfront value of US $ 130 million upfront 10 280 238 shareholders of Syndesi therapeutics SA, which help. 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