Two Syncona companies merge with focus on gene therapies

17 June 2024

London, UK-based Syncona has announced that Freeline Therapeutics (Nasdaq: FRLN) has acquired SwanBio Therapeutics to create a new company, Spur Therapeutics.

The move will combine two of Syncona’s clinical-stage portfolio companies, with the life sciences investor set to own 99% of the resulting firm, valued at $134 million.

The formation of Spur Therapeutics represents a strategic move to consolidate an adeno-associated virus gene therapy pipeline.

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