Plugging in the last piece to its gene therapy puzzle, AskBio acquires Scottish synthetic promoter company
AskBio is putting some of their recent $235 million raise to use, adding another key piece to its expansive gene therapy toolkit with the acquisition of Edinburgh, Scotland-based Synpromics.
To be operated as a wholly-owned subsidiary at arms’-length — in fact, all the way across the Atlantic from AskBio’s home base in Research Triangle Park, NC — Synpromics brings a gene control synthetic promoter technology to the table. These are DNA sequences that play a crucial role in the transcription of genes, specifically those that drug developers want to regulate in the context of cell and gene therapy.
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