Lonza to expand ADC offerings with buy of Synaffix

1 June 2023

Swiss contract development and manufacturing organization (CDMO) Lonza today announced it has acquired Dutch biotech company Synaffix, which is focused on commercializing its clinical-stage technology platform for the development of antibody-drug conjugate (ADCs).

Synaffix revenues and margins will be recognized within the Lonza business from the date of acquisition.

Lonza is paying about $107 million (100 million euros) in cash to acquire Synaffix, with up to $64 million in “additional performance-based consideration” on the table.

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