Lonza to expand ADC offerings with buy of Synaffix
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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