Switzerland-based company Lonza has boosted its antibody-drug conjugates (ADCs) offering with the acquisition of Dutch biotechnology company Synaffix for a total consideration of $172m (€160m).
The deal includes $107.17m (€100m) of initial financial consideration in cash and an additional $64.3m (€60m) in performance-based consideration.
Go deeper with GlobalData
Synaffix is focused on the commercialisation of its clinical-stage technology platform to develop ADCs that offer a range of potential targeted treatments for cancer.
Lonza stated that the deal will further boost its bioconjugates offering by integrating the Synaffix technology platform, which includes site-specific linker technology and payload, as well as Synaffix’s R&D capabilities.
It also noted that the combination of the company’s development and manufacturing capabilities and the Synaffix ADC technology platform will offer a comprehensive service for customers and licensees to quickly discover, develop, scale up and commercialise new ADCs.
This is expected to streamline the path for ADCs to clinical trial and commercialisation.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataLonza Licensing vice-president Ulrich Osswald said: “The Synaffix ADC technology is the gold standard, helping clinical-stage developers to design potentially curative therapies in areas of high unmet medical need.
“The acquisition of Synaffix underlines the strategic position of bioconjugates within Lonza’s portfolio, expands our offering in this fast-growing market and enhances our value proposition for clinical customers.
“With Synaffix, our combined industry-leading knowledge and capabilities have the capacity to support both clinical and commercial needs.”
Synaffix ADC technology platform includes toxSYN, HydraSpace, and GlycoConnect technologies which can improve the tolerability and efficacy of ADCs.
Both companies will expand their Center of Excellence for the development of bioconjugate technology, with a focus on out-licensing bioconjugates technologies for targeted gene therapy, cytotoxic ADCs, and immune cell engagers applications.
