Novo Holdings Portfolio Company Syndesi Therapeutics acquired by AbbVie

March 1, 2022
  • Deal value of US$ 1 billion with US$ 130 million upfront
  • Novo Holdings co-created Syndesi Therapeutics in partnership with UCB Pharma and co-led the Series A financing
  • Syndesi’s lead program SDI-118 to be accelerated by AbbVie to the benefit of patients suffering from cognitive impairment associated with a range of neurodegenerative and neuropsychiatric diseases

Copenhagen, Denmark – Novo Holdings, a leading international life sciences investor, today announces that its portfolio company Syndesi Therapeutics (‘Syndesi’) has been acquired by AbbVie (NYSE: ABBV) for up to US$1 billion in total deal value with US$ 130 million upfront.

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