UCB, investors back a neurosciences startup called Syndesi; Germany's Biofrontera increases US IPO pricing range
→ UCB and a syndicate of Belgian and international investors have joined hands to launch a new biotech called Syndesi Therapeutics. The Belgian startup gained a €17 million A round, which will be used to back a lead small molecule obtained from UCB’s neuroscience group, which has been studying a class of novel SV2A modulators. “We are excited to see Syndesi develop our novel pro-cognitive SV2A modulators to create value for patients with cognitive impairment,” said Dhavalkumar Patel, UCB’s CSO. The cash was put up by Novo Seeds and Fountain Healthcare together with Johnson & Johnson Innovation – JJDC, V-BIO Ventures, the Walloon Investment Fund (SRIW) and VIVES Louvain Technology Fund.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.